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Exploring digital green convergence for firm competitiveness

Author

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  • Zhang, Yanyun
  • Yue, Shujing
  • Lai, Xiaobing

Abstract

Promoting digital green convergence is critical toward high-quality development. Sampling with 17,814 digital green patents of listed firms in China from 2009 to 2021, we find that digital green convergence significantly improves firm competitiveness. The dependability and relevance of our findings are further confirmed by several robustness tests. Our mechanism analysis shows that digital green convergence enhances firm competitiveness by reducing agency costs and increasing Environmental, Social, and Governance (ESG) performance. This paper provides theoretical and practical implications for uncovering the value of digital green convergence to improve firm competitiveness.

Suggested Citation

  • Zhang, Yanyun & Yue, Shujing & Lai, Xiaobing, 2024. "Exploring digital green convergence for firm competitiveness," Finance Research Letters, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324013928
    DOI: 10.1016/j.frl.2024.106363
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