Jun Zhang, Tangkun Xie, Xiaoran Kong, Bo Liu, Wenke Zhang
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Can data assets promote green innovation in enterprises?
This study found that the more data assets held by a company, the higher its level of green innovation. This result was still significant after the instrumental variable method, exogenous policy shock mitigation endogeneity and a series of robustness tests. Data assets promote green innovation by alleviating the constraints on corporate financing and increasing the efficiency of green research and development. Further analysis showed that data assets could continuously increase the level of green innovation and promote enterprises to choose to apply for green invention patents. This study provides useful insights for identifying and utilizing the value of data resources.
期刊介绍:
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
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