Academic Journal of Business & Management, 2025, 7(1); doi: 10.25236/AJBM.2025.070108.
Lihui Liu, Qiong Huang, Yuhua Kang, Yajie Li
Department of Economics and Trade, Foshan University, Foshan, Guangdong, China
This paper examines the correlation between digital economy development and green technology innovation, aiming to clarify the influence of digital economy development on green technology innovation. Based on the data of China's digital economy development and enterprise green technology innovation from 2012 to 2022, a fixed effect model is established to assess the influence of digital economy development level on enterprise green technology innovation. The findings indicate that the level of the digital economy exerts a significant positive impact on enterprise green technology innovation, with macro-level digital economy development enhancing micro-level enterprise green technology innovation. Additionally, R&D investment serves as a positive mediating factor in the relationship between the digital economy and enterprise green innovation. Compared with the western region, the digital economy in the eastern region exerts the most significant influence on green technology innovation. Consequently, the subsequent recommendations are proposed to enhance the development of digital economic infrastructure and refine the allocation of R&D expenditure.
Digital economy; Green technology innovation; R&D investment
Lihui Liu, Qiong Huang, Yuhua Kang, Yajie Li. Research on the Impact of Digital Economy on Green Technology Innovation of Chinese Enterprises. Academic Journal of Business & Management (2025) Vol. 7, Issue 1: 60-67. https://doi.org/10.25236/AJBM.2025.070108.
[1] Zhang L, Wang M Z. Comparison of digital economy strength and development characteristics of G20 countries [J]. Policy Loud and Clear, 2019(7):43-46.
[2] Walt Crawford. The digital economy: Promise and peril in the age of networked intelligence[I]. The Journal of Academic Librarianship, 1996.
[3] Dong X S, Wang J M, Xiao X. How the digital economy affects the technological innovation of manufacturing firms--Based on the perspective of "digital divide"[J]. The Economist, 2022, (11):62-73.
[4] Cao W, Zhao W, Si Y J. Research on the impact effect of digital economy on low carbon development--an analysis of the regulating effect and threshold effect based on green technology innovation [J]. Soft Science, 2023, 37(09):47-54.
[5] Xie Y Z, Li B. The impact of digital economy on green technology innovation of advanced manufacturing industry and its path - An examination based on a sample of A-share listed companies in Shanghai and Shenzhen from 2011 to 2022[J]. Journal of Hunan Agricultural University (Social Science Edition), 2024, 25(05):96-105.
[6] Hui N, Ma W, Liu X X. The Impact of Internet Development on China's Regional Innovative Capacity and Regional Differences Research [J]. Journal of Beijing University of Technology (Social Sciences Edition), 2021, 21(02):51-70.
[7] Wan J Y, Zhou Q, Xiao Y. Digital Finance, Financing Constraints and Corporate Innovation[J]. Economic Review, 2020, (1):71-83.
[8] Zhang L N, Hu B B, Wang S G. Research on the evolution mechanism and characteristics of digital economy[J]. Science Research, 2021(03):406-414.
[9] Paul M, James W. Digital Futures—An Agenda for a Sustainable Digital Economy[J]. Corporate Environmental Strategy, 2001.
[10] Wang H, Wang S Q, Miao Z, Li X C. Heterogeneous Threshold Efiect of R&D Investment on Green Innovation Efficiency - An Empirical Study Based on Chinese High-Tech Industries[J], Research Management, 2016, 37(02):63-71.
[11] Zhu, C M. Liquidity creation, managerial capacity and bank risk taking[J]. Accounting Newsletter, 2023, (12):60-63.
[12] Song J, Chen L H, Ye T. Managerial Competence and Enterprise Digital Transformation: Enabling Innovation under the Expectation Gap [J]. Modern Finance and Economics (Journal of Tianjin University of Finance and Economics), 2023, 43(04):23-39.