新产业政策与企业数字化转型：赋能还是削弱？绿色信贷政策的新证据

IF 13.6 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2024-10-12 DOI:10.1016/j.eneco.2024.107960

Jie Zhang , Huiru Wei , Kuiran Yuan , Xiaodong Yang

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引用次数: 0

摘要

绿色信贷政策（GCP）是政府通过金融支持促进绿色发展的重要实践。本研究采用差分法，利用中国 A 股上市公司 2007 年至 2022 年的数据，研究 GCP 对企业数字化转型（DT）的影响。结果表明，政府实施 GCP 后，企业数字化转型受到明显抑制。这种抑制作用主要是通过减少技术创新、增加环保投入和强化融资约束产生的。本研究还发现，增加政府在数字基础设施方面的投资、提高市场化程度以及增强高管的研发背景，都有可能降低 GCP 对 DT 的负面影响。我们的研究结果有助于更好地应对气候挑战，并为加速发展贸易提供了有价值的参考。

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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New industrial policy and corporate digital transformation: Empowering or impairing? Emerging evidence from green credit policy

The Green Credit Policy (GCP) is a vital governmental practice promoting green development through financial support. This study employs a Difference-in-Differences method to investigate the impact of GCP on the digital transformation of firms (DT) using data from Chinese A-share listed companies spanning 2007 to 2022. Results reveal that the DT is significantly inhibited after the government implements GCP. This inhibitory effect is mainly produced by reducing technological innovation, increasing environmental protection investment, and strengthening financing constraints. This study also identifies that increased government investment in digital infrastructure, increased marketization, and enhanced R&D backgrounds of executives can potentially diminish the negative impact of GCP on DT. Our findings contribute to a better response to the climate challenge and provide valuable references for accelerating DT.

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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.