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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
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    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. 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.
    3. 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.
    4. 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.
    5. 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).
    6. 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.
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