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The environmental administrative penalties and firm digital transformation: A reexamination of Porter Hypothesis

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  • Xiao, Youzhi
  • Liu, Xin

Abstract

As rapid development of digital technologies, whether the Porter Hypothesis of environmental regulations satisfies, especially the strong version of the Porter Hypothesis, under the situations of the digital economy is a key issue to be considered. By utilizing the environmental administrative penalties (EAP) and the data from listed firms in China from 2010 to 2022, we find EAP significantly inhibit firm digital transformation, indicating the strong version of Porter Hypothesis does not satisfy. The plausible channels show the EAP dose not encourage the firms to conduct digital innovation. Moreover, we find the EAP promote firms investing in pro-environmental projects, make the firms pay more attention to the environmental issues, make the firms pay more attention to short-term interest and reduce the acquisition of external resources. Our results provide a new understanding of Porter Hypothesis and suggest that the digital technologies should be attached more importance to environmental sustainability.

Suggested Citation

  • Xiao, Youzhi & Liu, Xin, 2026. "The environmental administrative penalties and firm digital transformation: A reexamination of Porter Hypothesis," Economic Modelling, Elsevier, vol. 156(C).
    • Handle: RePEc:eee:ecmode:v:156:y:2026:i:c:s0264999326000106
    DOI: 10.1016/j.econmod.2026.107481
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    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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