The impact of artificial intelligence policy on green innovation of firms

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2025-06-19 DOI:10.1016/j.eneco.2025.108524

Boqiang Lin , Yitong Zhu

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Abstract

As a pivotal force in driving innovation, Artificial Intelligence (AI) has played a significant role in the technological advancement of enterprises. Investigating the impact of AI pilot policies on corporate green innovation is not only conducive to optimizing the development trajectory of AI but also an essential measure in advancing sustainable development strategies. This study uses the 2019 Chinese AI Innovation and Development Pilot Zone (AIP) policy as a quasi-natural experiment, examining the influence of policy on corporate green innovation and its intrinsic mechanisms of action. The findings indicate: (1) The AIP policy significantly fosters green innovation among enterprises in the pilot regions, with results remaining robust after a series of sensitivity tests; (2) Mechanism analysis reveals that the influence of the policy on corporate green innovation is mediated by R&D investment and is also moderated by the level of ESG and environmental disclosure; (3) Heterogeneity tests discover that the policy has a more pronounced impact on enterprises with superior financing conditions, lower market concentration, and higher levels of regional digital economic development. This paper not only provides theoretical support for understanding the role of AI in corporate green development but also offers empirical references for assessing the policy effects of AI development.

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人工智能政策对企业绿色创新的影响

人工智能（AI）作为推动创新的关键力量，在企业技术进步中发挥了重要作用。研究人工智能试点政策对企业绿色创新的影响，不仅有利于优化人工智能发展轨迹，也是推进可持续发展战略的重要举措。本文以2019年中国人工智能创新发展试验区（AIP）政策为准自然实验，考察政策对企业绿色创新的影响及其内在作用机制。研究结果表明：(1)AIP政策显著促进了试点地区企业的绿色创新，且经过一系列敏感性测试，结果依然显著；(2)机制分析表明，政策对企业绿色创新的影响受r&d投入的中介作用，并受ESG水平和环境信息披露的调节作用；(3)异质性检验发现，该政策对融资条件优越、市场集中度较低、区域数字经济发展水平较高的企业的影响更为显著。本文不仅为理解人工智能在企业绿色发展中的作用提供了理论支持，也为评估人工智能发展的政策效应提供了实证参考。

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

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.