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Digital economy policy and corporate low-carbon innovation: Evidence from a quasi-natural experiment in China

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  • Hunjra, Ahmed Imran
  • Zhao, Shikuan
  • Goodell, John W.
  • Liu, Xiaoqian

Abstract

We explore whether advances in digitalization of economies further green development by studying the impact of big data policies on low-carbon innovation. Using the low-carbon innovation data of Chinese listed companies from 2011 to 2019, we verify that China's big data comprehensive pilot zones (BDCPZ) policy facilitated corporate low-carbon innovation, especially for state-owned enterprises, low-technology firms, and firms with highly educated CEOs. Findings provide policy insights for the synergistic development of the digital economy and low-carbon innovation.

Suggested Citation

  • Hunjra, Ahmed Imran & Zhao, Shikuan & Goodell, John W. & Liu, Xiaoqian, 2024. "Digital economy policy and corporate low-carbon innovation: Evidence from a quasi-natural experiment in China," Finance Research Letters, Elsevier, vol. 60(C).
    • Handle: RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012825
    DOI: 10.1016/j.frl.2023.104910
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    References listed on IDEAS

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    1. Yang, Xue & Zhang, Peng & Zhao, Zuoxiang & Koondhar, Mansoor Ahmed, 2024. "How disaggregated natural resources rents affect financial development: From the perspective of sustainable development," Resources Policy, Elsevier, vol. 92(C).

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