Digitization and green innovation: how does digitization affect enterprises’ green technology innovation?

Abstract

Digitization has been the new engine for high-quality economic development. This paper explores how digitization affects enterprises’ green technology innovation. The study finds that digitization has a positive effect on enterprises’ green technology innovation. The mediating effect suggests that digitization can promote enterprises’ green technology innovation by optimizing the structure of human capital, increasing the attention of media and easing the financing constraints. The heterogeneity test finds that the larger the enterprise scale, the higher quality of internal control, and the stronger the promotion of digitalization to green technology innovation; The greater degree of environmental regulation of enterprises and the higher degree of industry competition, the more prominent the impact of digitization on its green technology innovation. This paper is a useful supplement to the traditional digital analysis framework, helping enterprises to better drive green technology innovation through digital transformation.