Does digital transformation decrease firms’ natural dependence?

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-10-04 DOI:10.1016/j.frl.2025.108490

Yufei Gan , Qingyu Song , Zhaoying Lu

引用次数: 0

Abstract

This study examines the relationship between digital transformation and firms’ natural dependence. Using data from Chinese A-share listed companies (2010–2023), we find that digital transformation significantly reduces firms’ dependence on nature, with stronger effects among smaller firms, high-tech industries, and private enterprises. Environmental policy stringency amplifies these effects. Mechanism analysis reveals that digital transformation promotes substantive green technology innovation (particularly source control technologies) and enhances green total factor productivity through improved technical efficiency. This research provides new insights into how technological advancement can systematically reduce firms’ dependence on natural ecosystem services, supporting coordinated digital-green development policies.

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数字化转型会降低企业的自然依赖吗？

本研究探讨了数字化转型与企业自然依赖之间的关系。利用2010-2023年中国a股上市公司的数据，我们发现数字化转型显著降低了企业对自然的依赖，且对小型企业、高新技术产业和民营企业的影响更大。严格的环境政策放大了这些影响。机制分析表明，数字化转型促进了实质性的绿色技术创新（尤其是源控技术），并通过技术效率的提高提高了绿色全要素生产率。该研究为技术进步如何系统性地降低企业对自然生态系统服务的依赖、支持协调的数字绿色发展政策提供了新的见解。

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

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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