Digital economy, human capital accumulation, and corporate green total factor productivity: Based on strategic emerging industries

Abstract

Using data from publicly traded companies in China's strategic emerging industries from 2011 to 2022, this study investigates how the digital economy influences firms' green total factor productivity (GTFP). Findings indicate that the development of the digital economy significantly improves the GTFP of companies in strategic emerging industries. Human capital accumulation operates as a moderating variable between the digital economy and GTFP of these enterprises, with this moderating effect exhibiting heterogeneity between state-owned and private enterprises. Furthermore, firm size acts as a threshold in the interaction between the digital economy and companies' GTFP in strategic emerging industries.