“双碳”目标下数字化转型对企业绿色投资的影响研究——来自A股上市公司的经验证据
Research on the Impact of Digital Transformation on Enterprises' Green Investment under the Goal of “Dual Carbon” - Empirical Evidence from A-share Listed Companies
投稿时间:2025-02-19  修订日期:2025-03-26
DOI:
中文关键词:  数字化转型  企业绿色投资  融资约束  代理成本  环境规制
English Keywords:digital transformation  corporate green investment  financing constraints  agency costs  environmental regulation
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作者单位邮编
唐洋* 南华大学经济管理与法学学院 421001
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中文摘要:
      在“双碳”目标下,数字技术作为提升企业核心竞争力的新渠道,推动企业通过数字化转型增加企业绿色投资。本文以2012-2021年中国沪深两市A股上市企业为研究对象,并实证考察数字化转型对企业绿色投资的影响机理。研究发现:数字化转型增加了企业绿色投资,且该结论在考虑内生性问题及稳健性检验后仍然成立;企业降低代理成本、缓解融资约束和环境规制强化了数字化转型与企业绿色投资之间的正向关系;进一步研究显示企业产权性质、股权集中度以及资产负债情况对增加企业绿色投资有显著影响。
English Summary:
      Under the goal of “dual-carbon”, digital technology, as a new channel to enhance the core competitiveness of enterprises, drives enterprises to increase their green investment through digital transformation. This paper takes A-share listed enterprises in China"s Shanghai and Shenzhen markets from 2012 to 2021 as the research object, and empirically examines the impact mechanism of digital transformation on corporate green investment. The study finds that: digital transformation increases corporate green investment, and the conclusion still holds after considering the endogeneity problem and the robustness test; Reduced agency costs, alleviated financing constraints, and environmental regulations by firms strengthen the positive relationship between digital transformation and corporate green investment; further research shows that the nature of corporate property rights, equity concentration, and assets and liabilities have a significant impact on increasing corporate green investment.
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