IDEAS home Printed from https://ideas.repec.org/a/spr/intemj/v20y2024i1d10.1007_s11365-023-00854-5.html
   My bibliography  Save this article

Digital economy, industrial structure upgrading and green innovation efficiency of family enterprises

Author

Listed:
  • Zheng Zhiyong

    (Accounting College, Zhejiang Gongshang University)

  • Xu Yongbin

    (Accounting College, Zhejiang Gongshang University)

  • Chen Jiaying

    (University of Nottingham Ningbo China)

Abstract

Based on the theory of social capital and strategic revolution, this paper selects 3006 family enterprises in China from 2015 to 2020, establishes a fixed effect panel model, and discusses the impact of the digital economy on the green innovation efficiency of family enterprises from the perspective of rationalization and upgrading of industrial structure. It is found that the relationship between digital economy and green innovation efficiency of family enterprises is inverted U-shaped. The digital economy affects the green innovation efficiency of family enterprises by promoting the rationalization and upgrading of industrial structure. The inverted U-shaped relationship between the two is more significant in the eastern region, the first and the second echelon provinces. Therefore, this paper improves green innovation efficiency of family enterprises from three aspects: digital economy, rationalization and upgrading of industrial structure, so as to finally realize the evergreen and sustainable development of family enterprises. It provides important policy implications for China to realize the green economic transformation and the goals of "carbon peak" & "carbon neutrality" under the global digital tide.

Suggested Citation

  • Zheng Zhiyong & Xu Yongbin & Chen Jiaying, 2024. "Digital economy, industrial structure upgrading and green innovation efficiency of family enterprises," International Entrepreneurship and Management Journal, Springer, vol. 20(1), pages 479-503, March.
    • Handle: RePEc:spr:intemj:v:20:y:2024:i:1:d:10.1007_s11365-023-00854-5
    DOI: 10.1007/s11365-023-00854-5
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11365-023-00854-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11365-023-00854-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Satish Nambisan, 2017. "Digital Entrepreneurship: Toward a Digital Technology Perspective of Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 41(6), pages 1029-1055, November.
    2. Teece, David J., 2018. "Profiting from innovation in the digital economy: Enabling technologies, standards, and licensing models in the wireless world," Research Policy, Elsevier, vol. 47(8), pages 1367-1387.
    3. Juying Zeng & Jun Ren, 2022. "How does green entrepreneurship affect environmental improvement? Empirical findings from 293 enterprises," International Entrepreneurship and Management Journal, Springer, vol. 18(1), pages 409-434, March.
    4. Joseph P.H. Fan & T.J. Wong & Tianyu Zhang, 2012. "Founder Succession and Accounting Properties," Contemporary Accounting Research, John Wiley & Sons, vol. 29(1), pages 283-311, March.
    5. Andrea Calabrò & Mariateresa Torchia & Daniela Gimenez Jimenez & Sascha Kraus, 2021. "The role of human capital on family firm innovativeness: the strategic leadership role of family board members," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 261-287, March.
    6. Dhekra Ben Amara & Hong Chen, 2022. "Driving factors for eco-innovation orientation: meeting sustainable growth in Tunisian agribusiness," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 713-732, June.
    7. Chenli Yin & Maria Paz Salmador & Dan Li & M. Begoña Lloria, 2022. "Green entrepreneurship and SME performance: the moderating effect of firm age," International Entrepreneurship and Management Journal, Springer, vol. 18(1), pages 255-275, March.
    8. Zhang, Wei & Li, Guoxiang & Guo, Fanyong, 2022. "Does carbon emissions trading promote green technology innovation in China?," Applied Energy, Elsevier, vol. 315(C).
    9. Peiyan Zhou & Shuya Zhou & Ming Zhang & Shujuan Miao, 2022. "Executive Overconfidence, Digital Transformation and Environmental Innovation: The Role of Moderated Mediator," IJERPH, MDPI, vol. 19(10), pages 1-28, May.
    10. Bennedsen, Morten & Fan, Joseph P.H. & Jian, Ming & Yeh, Yin-Hua, 2015. "The family business map: Framework, selective survey, and evidence from Chinese family firm succession," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 212-226.
    11. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    12. Rosa Maria Dangelico & Alberto Nastasi & Simone Pisa, 2019. "A comparison of family and nonfamily small firms in their approach to green innovation: A study of Italian companies in the agri‐food industry," Business Strategy and the Environment, Wiley Blackwell, vol. 28(7), pages 1434-1448, 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. Shanshan Liu & Muhammad Zulfiqar & Aftab Ahmed & Muhammad Zia Aslam, 2025. "Unlocking the influence of unique family firm types on eco-friendly governance and green technology innovation: moderating role of ISO certificates," Palgrave Communications, Palgrave Macmillan, vol. 12(1), pages 1-15, December.
    2. V. Sanz-Torro & C. Calafat-Marzal & J. M. Guaita-Martinez & L. Marti, 2025. "An integrated approach to resource efficiency, green markets and support measures in SMEs," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-24, December.
    3. Maha Ibrahim Alabsi & Asif Qumar Gill, 2025. "A Systematic Review of Personal Information Sharing in Smart Cities: Risks, Impacts, and Controls," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(1), pages 5143-5182, March.
    4. Dong, Li & Zhu, Xiaowei & Yang, Luwei & Jiang, Guoliang, 2025. "Unleashing the power of data element markets: Driving urban green growth through marketization, innovation, and digital finance," International Review of Economics & Finance, Elsevier, vol. 99(C).

    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. Marcos Carchano & Jean-Marie Cardebat & Angela Gonzalez & Inmaculada Carrasco, 2024. "Moving toward environmental sustainability through green entrepreneurship: assessing the moderating role of managerial environmental commitment," International Entrepreneurship and Management Journal, Springer, vol. 20(3), pages 2209-2240, September.
    2. Yusen Luo & Zhengnan Lu & Chao Wu & Claudia Nyarko Mensah, 2023. "Environmental Regulation Effect on Green Total Factor Productivity: Mediating Role of Foreign Direct Investment Quantity and Quality," IJERPH, MDPI, vol. 20(4), pages 1-18, February.
    3. Zheng Zhiyong & Xu Buyun & Xu Yongbin, 2024. "Family business financialization and green innovation in China from 2008 to 2023," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2453-2479, December.
    4. Cai Li & Majid Murad & Sheikh Farhan Ashraf, 2023. "The Influence of Women’s Green Entrepreneurial Intention on Green Entrepreneurial Behavior through University and Social Support," Sustainability, MDPI, vol. 15(13), pages 1-17, June.
    5. Chen, Mengyuan & Xiao, Jason Zezhong & Zhao, Yang, 2021. "Confucianism, successor choice, and firm performance in family firms: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 69(C).
    6. Soluk, Jonas & Decker-Lange, Carolin & Hack, Andreas, 2023. "Small steps for the big hit: A dynamic capabilities perspective on business networks and non-disruptive digital technologies in SMEs," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
    7. Li, Xiaohan & You, Jialu & Qing, Ye, 2025. "Digital economy, dynamic capabilities, and corporate green development," Finance Research Letters, Elsevier, vol. 73(C).
    8. Xia, Yue & Md Johar, Md Gapar, 2025. "How external factors influence organisational digital innovation: Evidence from China," Technology in Society, Elsevier, vol. 81(C).
    9. Yoruk, Esin & Radosevic, Slavo & Fischer, Bruno, 2023. "Technological profiles, upgrading and the dynamics of growth: Country-level patterns and trajectories across distinct stages of development," Research Policy, Elsevier, vol. 52(8).
    10. Hu, Jinjin & Huo, Dong & Wu, Delin, 2024. "Digital economy development and venture capital networks: Empirical evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    11. Ge, Chunmian & Huang, Ke-Wei & Kankanhalli, Atreyi, 2020. "Platform skills and the value of new hires in the software industry," Research Policy, Elsevier, vol. 49(1).
    12. Xu, Nianhang & Song, Danwen & Xie, Rongrong & Chan, Kam C., 2024. "Sibling co-management and cost of capital: Evidence from Chinese listed family firms," Journal of Corporate Finance, Elsevier, vol. 89(C).
    13. Chirico, Francesco & Ireland, R. Duane & Pittino, Daniel & Sanchez-Famoso, Valeriano, 2025. "Resource orchestration, socioemotional wealth, and radical innovation in family firms: Do multifamily ownership and generational involvement matter?," Research Policy, Elsevier, vol. 54(1).
    14. Asta Pundziene & Neringa Gerulaitiene & Sea Matilda Bez & Irène Georgescu & Christopher Mathieu & Jordi Carrabina-Bordoll & Josep Rialp-Criado & Hannu Nieminen & Alpo Varri & Susanne Boethius & Mark v, 2023. "Value capture and embeddedness in social-purpose-driven ecosystems," Post-Print hal-04147723, HAL.
    15. Baili Yang & Abraham Nahm & Zengji Song, 2022. "Succession, political resources, and innovation investments of family businesses: Evidence from China," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(2), pages 321-338, March.
    16. Jiang, Hong & Yang, Jingxuan & Gai, Jinlong, 2023. "How digital platform capability affects the innovation performance of SMEs—Evidence from China," Technology in Society, Elsevier, vol. 72(C).
    17. Sinéad Monaghan & Esther Tippmann & Nicole Coviello, 2020. "Born digitals: Thoughts on their internationalization and a research agenda," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(1), pages 11-22, February.
    18. Knut Blind & Maximilian Laer, 2022. "Paving the path: drivers of standardization participation at ISO," The Journal of Technology Transfer, Springer, vol. 47(4), pages 1115-1134, August.
    19. Guo, Xiaochuan & Li, Mengmeng & Wang, Yanlin & Mardani, Abbas, 2023. "Does digital transformation improve the firm’s performance? From the perspective of digitalization paradox and managerial myopia," Journal of Business Research, Elsevier, vol. 163(C).
    20. Dhekra Ben Amara & Jiajun Qiao, 2025. "Can Africa–China cooperation influence African green growth to truly alleviate undernourishment? Evidence of the quadruple mediating effect," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(1), pages 916-938, February.

    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:spr:intemj:v:20:y:2024:i:1:d:10.1007_s11365-023-00854-5. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.