数字化转型对企业绿色创新的影响——微观传导机制与政府财税干预  

The Impact of Digital Transformation on Enterprises'Green Innovation-Micro Transmission Mechanisms and Government Fiscal Interventions

作　　者：董旭 王笑笑 Dong Xu;Wang Xiaoxiao(School of Economics,Zhengzhou University of Aeronautics,Zhengzhou 450046,China)

机构地区：[1]郑州航空工业管理学院经济学院,河南郑州450046

出　　处：《创新科技》2024年第7期75-91,共17页Innovation science and technology

基　　金：国家自然科学基金项目“不同环境规制下绿色创新效应研究:微观机制与政策选择”(71903063);河南省软科学研究项目“‘双碳’目标下企业数字化转型的绿色创新效应及优化策略研究”(242400411154);河南省高校哲学社会科学创新人才支持计划(2024-CXRC-14)。

摘　　要：借助数字化转型推动企业绿色创新是适应当今世界发展趋势、谋求绿色可持续发展的必要途径。以2011—2021年中国沪深上市公司的面板数据为样本,运用面板固定效应模型和调节效应模型探讨企业数字化转型的绿色创新效应,重点识别数字化转型影响企业绿色创新的微观传导机制以及税收优惠和财政补贴两种政府干预手段的干预作用。研究发现:数字化转型对企业绿色创新具有显著的促进作用,且该结论在经过一系列内生性处理和稳健性检验后依然成立。机制分析表明,数字化转型通过降低信息不对称程度、缓解融资约束、提升企业治理水平等推动企业绿色创新;政府的税收优惠政策强化了数字化转型对企业绿色创新的促进作用,而财政补贴政策对企业数字化转型绿色创新效应的发挥并未产生明显影响。异质性分析显示,企业数字化转型的绿色创新效应因创新专利类型、生产要素依赖、企业产权性质、行业竞争程度和地理区位分布等的不同而存在差异。Green innovation is of utmost importance in facilitating the worldwide green trans-formation,as it offers triple benefits in terms of economic expansion,environmental management and social welfare.The extent to which enterprises transition to green innovation has a direct role in shaping the green transformation of the development mode as the most important emitters and innovators.Currently,the wave of digital development is sweeping across the world,pro-foundly reshaping the world pattern.Promoting green innovation in enterprises through digital transformation is an imperative strategy for adapting to the global development trend and achiev-ing green and sustainable development.In the process of digital transformation,enterprises are often reluctant and afraid to transform due to the high cost of transformation and long pain pe-riod.Meanwhile,due to the multiple positive externalities of green innovation,enterprises often encounter the problem of"free-riding"when engaging in green innovation activities.In this con-text,appropriate government intervention would help to alleviate the market dilemma faced by enterprises in digital transformation and green innovation.Drawing from the aforementioned context,we theoretically analyze the microscopic trans-mission mechanisms through which digital transformation influences enterprises'green innova-tion,and discuss the intervention effect of two policy means of tax incentives and fiscal subsi-dies on the relationship between the two,and then provide empirical evidence using a sample of the panel data of Chinese A-share listed companies in Shanghai and Shenzhen from 2011 to 2021 for the examination of the green innovation effect of enterprises'digital transformation and its mechanism.It is found that digital transformation has a significant driving effect on enter-prises'green innovation,and this result still holds after a series of endogeneity treatments and ro-bustness tests.The examination of mechanisms indicates that enterprises'digital transformation facilitates green

关 键 词：数字化转型 绿色创新 上市公司 

分 类 号：F273.1[经济管理—企业管理] X322[经济管理—国民经济]