Tao Zhou , Ziling Huang , Junkang Huang , Junshan Duan , Gang Liu
{"title":"风险投资干预与智能赋能:企业绿色创新的驱动因素","authors":"Tao Zhou , Ziling Huang , Junkang Huang , Junshan Duan , Gang Liu","doi":"10.1016/j.irfa.2025.104272","DOIUrl":null,"url":null,"abstract":"<div><div>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.</div></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":"104 ","pages":"Article 104272"},"PeriodicalIF":7.5000,"publicationDate":"2025-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Venture capital intervention and intelligent empowerment: Drivers of corporate green innovation\",\"authors\":\"Tao Zhou , Ziling Huang , Junkang Huang , Junshan Duan , Gang Liu\",\"doi\":\"10.1016/j.irfa.2025.104272\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>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.</div></div>\",\"PeriodicalId\":48226,\"journal\":{\"name\":\"International Review of Financial Analysis\",\"volume\":\"104 \",\"pages\":\"Article 104272\"},\"PeriodicalIF\":7.5000,\"publicationDate\":\"2025-04-22\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Financial Analysis\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S105752192500359X\",\"RegionNum\":1,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Financial Analysis","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S105752192500359X","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Venture capital intervention and intelligent empowerment: Drivers of corporate green innovation
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.
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.