Venture capital intervention and intelligent empowerment: Drivers of corporate green innovation

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2025-04-22 DOI:10.1016/j.irfa.2025.104272

Tao Zhou , Ziling Huang , Junkang Huang , Junshan Duan , Gang Liu

引用次数: 0

Abstract

This study utilizes a dual fixed-effects model to examine the connection between venture capital involvement and enterprise digital-intelligence empowerment. The findings demonstrate that venture capital participation plays a significant role in promoting enterprises' digital-intelligence transformation, providing crucial support for operational optimization and the application of digital technologies. Venture capital further promotes the digital-intelligence transformation by enhancing the enterprises' green innovation capabilities, achieving a synergistic effect between innovation and digital-intelligence development. Enterprise scale plays a critical threshold role in this relationship; the larger the scale, the more efficiently an enterprise can integrate financial and technological resources to advance digital-intelligence development.

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风险投资干预与智能赋能：企业绿色创新的驱动因素

本研究采用双固定效应模型来检验风险投资参与与企业数字智能授权之间的关系。研究结果表明，风险投资的参与在促进企业数字化智能转型中发挥着重要作用，为企业运营优化和数字技术应用提供了重要支持。风险投资通过提升企业绿色创新能力，进一步促进数字化智能转型，实现创新与数字化智能发展的协同效应。企业规模在这一关系中起着关键的门槛作用；企业规模越大，越能有效地整合资金和技术资源，推动数字智能的发展。

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

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.