企业绿色创新的数字逻辑——机制识别与地方政府多目标治理下的效应差异  

The digital logic of corporate green innovation:mechanisms identification and differences in effects under multi-target governance of local governments

作　　者：韩洁 刘涛[2] HAN Jie;LIU Tao(School of Finance,Southwestern University of Finance and Economics,Chengdu 611130,China;Institute of Western China Economic Research,Southwestern University of Finance and Economics,Chengdu 611130,China)

机构地区：[1]西南财经大学金融学院,四川成都611130 [2]西南财经大学中国西部经济研究院,四川成都611130

出　　处：《产业经济研究》2024年第4期58-71,共14页Industrial Economics Research

基　　金：四川省哲学社会科学基金马克思主义理论研究和建设工程项目(SCJJ23MGC12)。

摘　　要：在数字经济时代,企业绿色创新仍处于压力叠加、负重前行的关键期,探讨企业与政府合力发挥数字技术力量的内在驱动力显得尤为重要。以2011-2021年中国A股上市公司为样本,分析地方政府多目标治理下数字化转型对企业绿色创新的驱动效应。研究发现,数字化转型显著促进了企业绿色创新,对于大规模、属于重污染行业以及位于高知识产权保护力度地区的企业而言,其产生的驱动效应更加显著。机制分析表明,数字化转型能够通过“靶向优化”效应优化企业人才结构和管理成本,并且能够发挥“缺项补足”效应,缓释企业融资约束和信息不对称,这些都将显著提升企业绿色创新水平。更为重要的是,在数字化转型促进企业绿色创新作用中,地方政府经济增长目标和环境约束目标分别具有负向和正向调节效应,且两者存在协同调节效应,而研发创新目标尚未起到调节作用。研究结果拓展了对企业与政府互动促进数字化转型价值实现路径的分析,为实现数字技术良性发展、政府目标治理模式改善和微观主体绿色创新增效的政策取向提供了经验证据。In the era of the digital economy,corporate green innovation is in a critical period of overlapping pressures and heavy loads.It is particularly important to explore the internal logic of how the combined efforts of enterprises and governments can leverage the power of digital technology.This paper uses a sample of Chinese A-share listed companies from 2011 to 2021 to explore the driving effect of digital transformation on corporate green innovation under the multi-target governance of local governments.The study finds that digital transformation significantly promotes corporate green innovation,and the driving effect is more pronounced for large firms,those firms in heavily polluting industries,and firms located in regions with high levels of intellectual property protection.Mechanism analysis shows that digital transformation can optimize the talent structure and management costs of enterprises through the"targeting optimization"effect,as well as the"gap-filling"effect,which can effectively alleviate the constraints of enterprise financing and information constraints of technological innovation,which will significantly enhance the level of corporate green innovation.More importantly,in the context of digital transformation promoting corporate green innovation,the economic growth targets of local governments and their environmental constraint targets exert negative and positive moderating effects,respectively.Additionally,there is a synergistic moderating effect between these two targets,while no moderating effect is evident for the R&D innovation targets.This paper extends the analysis of the interaction between enterprises and government in facilitating the value realization of digital transformation.The research results provide empirical evidences for the policy orientation toward achieving the sound development of digital technologies,improving the governance model applicable to government objectives,and enhancing green innovation efficiency at the micro-level.

关 键 词：绿色创新 数字化转型 经济增长目标 环境约束目标 研发创新目标 

分 类 号：F270[经济管理—企业管理]