Regulation-induced digitalization

IF 5.2 1区经济学 Q1 ECONOMICS

中国经济评论 Pub Date : 2024-08-25 DOI:10.1016/j.chieco.2024.102262

Yunqi Zhang , Xiaoyu Zhang

引用次数: 0

Abstract

This paper investigates how environmental regulation induces firm digitalization. We construct a digital index based on textual analyses and find that after the implementation of the program, pilot firms' digitalization increased relative to that of a group of carefully matched control firms, which is opposite to the findings in the extant literature on technology adoption. This increase cannot be fully explained by regional unobservables, firms' own innovation, firm selection, or other policies. The results are robust when we consider firm subsidiaries. The increase in digitalization is not due to regulatory arbitrage, and the industry-level concentration of digitalization changes little.

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监管引发的数字化

本文研究了环境监管如何诱导企业数字化。我们在文本分析的基础上构建了一个数字化指数，发现在计划实施后，试点企业的数字化程度相对于精心匹配的对照组企业的数字化程度有所提高，这与现有技术采用文献的研究结果相反。地区非观测变量、企业自身创新、企业选择或其他政策都无法完全解释这一增长。当我们考虑企业子公司时，结果是稳健的。数字化程度的提高并非由于监管套利，行业层面的数字化集中度变化不大。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

中国经济评论 ECONOMICS-

CiteScore

10.60

自引率

4.40%

发文量

380

期刊介绍： The China Economic Review publishes original works of scholarship which add to the knowledge of the economy of China and to economies as a discipline. We seek, in particular, papers dealing with policy, performance and institutional change. Empirical papers normally use a formal model, a data set, and standard statistical techniques. Submissions are subjected to double-blind peer review.