IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i17p7652-d1470591.html
   My bibliography  Save this article

Impact of Digital Transformation on Green Innovation in Manufacturing under Dual Carbon Targets

Author

Listed:
  • Jianliang Yang

    (School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China)

  • Hongbo Shan

    (School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China)

  • Penglong Xian

    (School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China)

  • Xiaomeng Xu

    (School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China)

  • Na Li

    (School of Economics and Management, Beijing University of Chemical Technology, Beijing 100029, China)

Abstract

The development of green innovation in the manufacturing industry is crucial for sustainability, as it can lead to significant environmental and economic benefits. Meanwhile, the impact of digital transformation on green innovation in the manufacturing industry has been proven to be significant in a previous study. To further explore the impact of digital transformation on the development of green innovation in the manufacturing industry under the dual carbon goal, this article selects data from Chinese A-share manufacturing listed companies from 2013 to 2022 as the observation sample, proposes research hypotheses based on stakeholder theory, and conducts empirical analysis. The results indicate that digital transformation can significantly promote the development of green innovation in the manufacturing industry, which is transmitted through corporate environmental responsibility. Corporate environmental responsibility plays a partial mediating role in the impact of digital transformation on the development of green innovation. Meanwhile, media attention can strengthen the positive impact of digital transformation on green innovation. In heterogeneity analysis, it was found that the higher the institutional shareholding and analyst attention, the more likely a company’s digital transformation can promote green innovation. In addition, by comparing and analyzing the data of the two years before and after the proposal of the dual carbon target, it was found that the incentive effect of the dual carbon target did not achieve the expected effect in this article, which may be related to the short time of the proposal of the dual carbon target and the impact of the epidemic.

Suggested Citation

  • Jianliang Yang & Hongbo Shan & Penglong Xian & Xiaomeng Xu & Na Li, 2024. "Impact of Digital Transformation on Green Innovation in Manufacturing under Dual Carbon Targets," Sustainability, MDPI, vol. 16(17), pages 1-21, September.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:17:p:7652-:d:1470591
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/17/7652/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/17/7652/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jun Gao & Ning Xu & Ju Zhou, 2023. "Does Digital Transformation Contribute to Corporate Carbon Emissions Reduction? Empirical Evidence from China," Sustainability, MDPI, vol. 15(18), pages 1-20, September.
    2. Rongbin Ruan & Wan Chen & Zuping Zhu, 2022. "Linking Environmental Corporate Social Responsibility with Green Innovation Performance: The Mediating Role of Shared Vision Capability and the Moderating Role of Resource Slack," Sustainability, MDPI, vol. 14(24), pages 1-20, December.
    3. Pan, An & Zhang, Wenna & Shi, Xunpeng & Dai, Ling, 2022. "Climate policy and low-carbon innovation: Evidence from low-carbon city pilots in China," Energy Economics, Elsevier, vol. 112(C).
    4. Zhao, Xiaoxia & Cai, Lianghui, 2023. "Digital transformation and corporate ESG: Evidence from China," Finance Research Letters, Elsevier, vol. 58(PA).
    5. Kangxian Ji & Xiaoting Liu & Jian Xu, 2023. "Digital Economy and the Sustainable Development of China’s Manufacturing Industry: From the Perspective of Industry Performance and Green Development," Sustainability, MDPI, vol. 15(6), pages 1-23, March.
    6. Tao Kong & RenJi Sun & Guanglin Sun & Youtao Song, 2022. "Effects of Digital Finance on Green Innovation considering Information Asymmetry: An Empirical Study Based on Chinese Listed Firms," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(15), pages 4399-4411, December.
    7. Zhengxia He & Changshuai Cao & Chao Feng, 2022. "Media Attention, Environmental Information Disclosure and Corporate Green Technology Innovations in China’s Heavily Polluting Industries," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(14), pages 3939-3952, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jianbang Xu & Yimin Wang, 2025. "Exploring New Green Frontiers? How CEO Green and Technological Experience Shapes Firm Ambidextrous Green Innovation," Sustainability, MDPI, vol. 17(18), pages 1-27, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wang, Weilong & Wang, Jianlong & Wu, Haitao, 2024. "The impact of energy-consuming rights trading on green total factor productivity in the context of digital economy: Evidence from listed firms in China," Energy Economics, Elsevier, vol. 131(C).
    2. Kun Wang & Bing Chen & Yuhong Li, 2024. "Technological, process or managerial innovation? How does digital transformation affect green innovation in industrial enterprises?," Economic Change and Restructuring, Springer, vol. 57(1), pages 1-32, February.
    3. Rongjiang Cai & Tao Lv & Cheng Wang & Nana Liu, 2023. "Can Environmental Information Disclosure Enhance Firm Value?—An Analysis Based on Textual Characteristics of Annual Reports," IJERPH, MDPI, vol. 20(5), pages 1-21, February.
    4. Liu, Xiangsheng & Lv, Lingli, 2023. "The effect of China's low carbon city pilot policy on corporate financialization," Finance Research Letters, Elsevier, vol. 54(C).
    5. Fu, Shuke & Ge, Yingchen & Hao, Yu & Peng, Jiachao & Tian, Jiali, 2024. "Energy supply chain efficiency in the digital era: Evidence from China's listed companies," Energy Economics, Elsevier, vol. 134(C).
    6. Zhang, Qixin & Xiang, Zhiqiang, 2024. "New media surveillance, environmental information uncertainty and corporate environmental information disclosure," International Review of Economics & Finance, Elsevier, vol. 95(C).
    7. Anhang Chen & Huiqin Zhang & Yuxiang Zhang & Junwei Zhao, 2024. "Manufacturers’ digital transformation under carbon cap-and-trade policy: investment strategy and environmental impact," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    8. Yue, Sishi & Yang, Mo & Dong, Dayong, 2024. "Do enterprises adopting digital finance exhibit higher values? Based on textual analysis," The North American Journal of Economics and Finance, Elsevier, vol. 73(C).
    9. Wang, Mansi & Yu, Xinxin & Hong, Xinyi & Yang, Xiaotao, 2025. "Can digital finance promote green innovation collaboration in enterprises?," Global Finance Journal, Elsevier, vol. 65(C).
    10. Wei, Chuanhui & Zhang, Yongji & Lan, Minghui & Su, Zhi & Du, Heran & Wang, Ke, 2024. "How could we benefit from a low-carbon economy? Evidence from Chinese regional labor markets," Structural Change and Economic Dynamics, Elsevier, vol. 71(C), pages 523-537.
    11. Ge, Shilong & Luo, Xiaodan & Li, Yuangang & Zheng, Lanxing, 2024. "The impact of green credit policy on total factor productivity of enterprises," International Review of Economics & Finance, Elsevier, vol. 95(C).
    12. Zheng, Sufang & Huang, Siming & Deng, Xu, 2025. "Digital inclusive finance and local government debt: Examining the mechanism of impact on high-quality rural development from a macroeconomic perspective," International Review of Financial Analysis, Elsevier, vol. 102(C).
    13. Hazem Ahmed Khairy & Yehia Elzek & Nadir Aliane & Mohamed Fathy Agina, 2023. "Perceived Environmental Corporate Social Responsibility Effect on Green Perceived Value and Green Attitude in Hospitality and Tourism Industry: The Mediating Role of Environmental Well-Being," Sustainability, MDPI, vol. 15(6), pages 1-17, March.
    14. Liu, Yingji & Shen, Fangbing & Guo, Ju & Hu, Guoheng & Song, Yuegang, 2025. "Can artificial intelligence technology improve companies' capacity for green innovation? Evidence from listed companies in China," Energy Economics, Elsevier, vol. 143(C).
    15. Jun, Xiao & Ai, Junwei & Zheng, Lingfeng & Lu, Meiting & Wang, Jianye, 2024. "Impact of information technology and industrial development on corporate ESG practices: Evidence from a pilot program in China," Economic Modelling, Elsevier, vol. 139(C).
    16. Sun, Tingxuan & Liu, Suqin & Guo, Min, 2025. "Effects of green finance and digital transformation on enhancing corporate ESG performance," Finance Research Letters, Elsevier, vol. 74(C).
    17. Weilong Wang & Jianlong Wang & Haitao Wu, 2024. "Assessing the potential of energy transition policy in driving renewable energy technology innovation: evidence from new energy demonstration city pilots in China," Economic Change and Restructuring, Springer, vol. 57(5), pages 1-37, October.
    18. Yin, Lei & Sun, Guanglin & Kong, Tao, 2025. "Regional big data development and corporate financial fraud," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
    19. Lin Ni & Lei Li & Xin Zhang & Huwei Wen, 2022. "Climate Policy and Foreign Direct Investment: Evidence from a Quasi-Experiment in Chinese Cities," Sustainability, MDPI, vol. 14(24), pages 1-19, December.
    20. Wang, Haiyin & Wei, Xinyuan & Ma, Shenglin & Li, Yuan & Yuan, Yanzhe, 2025. "Can national sentiment promote green innovation in Chinese firms?," International Review of Economics & Finance, Elsevier, vol. 98(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:17:p:7652-:d:1470591. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.