供应链数字化的绿色创新效应  

The Green Innovation Effect of Supply Chain Digitization

作　　者：刘海建[1] 胡化广 张树山[2] 孙磊[2] Liu Haijian;Hu Huaguang;Zhang Shushan;Sun Lei(Business School,Nanjing University,Nanjing 210008,China;Business School,Northeast Normal University,Changchun 130117,China)

机构地区：[1]南京大学商学院,江苏南京210008 [2]东北师范大学经济与管理学院,吉林长春130117

出　　处：《财经研究》2023年第3期4-18,共15页Journal of Finance and Economics

基　　金：国家自然科学基金面上项目(71972099);国家社会科学基金项目(18BJY180)。

摘　　要：供应链是碳排放的主要来源,供应链数字化能否推动绿色发展?文章将供应链创新与应用试点工作视为准自然实验,以2012-2020年A股上市公司数据为研究样本,考察了供应链数字化对企业绿色创新的影响。研究发现,供应链数字化提高了企业的绿色创新水平。经过稳健性检验和排除替代性解释后,上述结论依然成立。异质性分析表明,供应链数字化的绿色创新效应主要存在于国有企业、产业链两端以及市场化程度较低的地区。机制检验表明,供应链数字化通过促进绿色供应链集成和强化外部治理效力,提高了企业的绿色创新水平。进一步研究发现,从过程视角来看,在促进绿色创新产出的同时,供应链数字化还降低了企业的绿色创新成本,表明供应链数字化的绿色创新效应由效率驱动而非要素驱动。从结果视角来看,供应链数字化的绿色创新效应实现了环境绩效与经济绩效的统一。文章的结论对于促进经济社会绿色发展和加快构建双循环新发展格局具有重要的启示。Under the wave of digitalization, the new generation of information technology is pushing the traditional supply chain to evolve into a modern digital supply chain. However, there is no research to answer whether supply chain digitalization can promote the green development of enterprises and supply chains.With the help of the quasi-natural experimental environment constructed by the pilot work of supply chain innovation and application enterprises, based on the data of A-share listed companies from 2012 to 2020, this paper examines the impact of supply chain digitalization on enterprise green innovation through the DID model.It is found that supply chain digitalization improves the level of enterprise green innovation by 26.09%. This impact mainly exists in state-owned enterprises, both ends of industrial chain, and low market-oriented areas.The mechanism test shows that supply chain digitalization can promote the integration of green supply chain,strengthen the effectiveness of external governance, and then improve the level of enterprise green innovation.Further research shows that from the perspective of process, supply chain digitalization improves the output of green innovation and reduces the cost of green innovation, so the green innovation effect of supply chain digitalization is driven by efficiency rather than factors. From the perspective of results, supply chain digitalization promotes the long-term value of enterprises by promoting green innovation.This paper has the following implications: First, take supply chain digitalization as the starting point to speed up green development. It is necessary to encourage the deep integration of supply chain and digital technology, make overall plans to gather green innovation resources of supply chain, improve the compatibility between digital supply chain and external subjects, and strengthen the sense of participation of external subjects. Second, consider the heterogeneity of the green innovation effect of digital supply chain in different enterprises, indu

关 键 词：供应链数字化 绿色创新 绿色供应链集成 外部治理 效率驱动 

分 类 号：F272[经济管理—企业管理] F205[经济管理—国民经济]