How R&D investment promotes green technology innovation in the context of digitalization?-An empirical analysis based on provincial panel data

Green technology innovation is an important driving force and source to promote my country’s high-quality development,and it is the core path to achieve sustainable development.This paper uses my country’s provincial panel data from 2016 to 2019 to study the impact mechanism of R&D investment on green technology innovation,and introduces the level of digitization,using the panel threshold model to discuss its role in the impact mechanism of R&D investment on green technology innovation.The study found that when the level of digitalization in a region is low,increasing R&D investment does not necessarily improve the ability of green technology innovation;when the level of digitalization is relatively high,R&D investment has a positive role in promoting green technology innovation.Therefore,it is necessary to improve policies to encourage enterprises to increase investment in research and development;at the same time,it is necessary to promote the coordinated development of digital foundation,digital investment,digital literacy,digital economy and digital application,and promote the deep integration of digitalization and green technology innovation.

Study on the efficiency and regional disparity of green technology innovation in China's industrial companies

This paper first constructed a system to evaluate the innovation efficiency of industrial companies within China's Mainland.Then,a principal component analysis(PCA) was performed to these indicators for dimensionality reduction,so as to figure out the technology innovation efficiency in these two phases,respectively.Finally,the overall efficiency of industrial companies in different regions was estimated and factorized via data envelopment analysis(DEA).The results showed that:(1)the efficiency of green technology innovation of industrial companies in China was relatively low as a whole,which mainly resulted from pure technical efficiency(PTE).Further,this huge gap continues to expand in these regions.And both PTE and scale efficiency(SE) in central and western regions leave much to be expected.(2)In the first phase of green technology development,when environmental factors were concerned,the efficiency was much lower than that without environmental considerations.Besides,the central and western regions were facing increasingly severe environmental problems,and there was a wide disparity in technology development efficiency among eastern,central,and western regions.(3)In the second phase of green technology commercialization,there were still more rooms for improvement in raising the efficiency of green technology innovation,and the efficiency in eastern,central,and western regions was ranked from highest to lowest.(4)Liaoning,Hebei,Heilongjiang,Xinjiang,Shanxi,Inner Mongolia,Yunnan,and Qinghai should focus on improving their technology;Jilin,Jiangxi,Anhui,and Guangxi should make their efforts to reduce resource redundancy;whereas Ningxia and Gansu should try to solve the above two issues.

Calculation of the influence of Green Technology Innovation to Eco-Industrial Management in China

The function of Green Technology Innovation （GTI） in the Eco-Industrial Management （ELM） appears more and more important, but the research on how much this function plays is scarce. The influence of Green Technology Innovation to the Eco-Industrial Management has gradually received the academic and the industrial attention. In this article an empirical research was attempted to inspect whether such influence exists and to what value. The study attempts to empirically explore the influencing degree of GTI on EIM in China based on the double logarithmic regression equation.

Tripartite evolutionary game and simulation study on enterprise green technology innovation

By constructing the evolutionary game model among the government,enterprises and consumers,the paper analyzes the condition that the profit and loss relationship of the game subjects and their behavior strategies reach the stable state in the green technology innovation system,and uses MATLAB to conduct data simulation analysis.The results show that the government,enterprises and consumers have path-dependent behavior choices.The larger the government incentive coefficient and subsidy coefficient is not the better,but the larger the subsidy and subsidy coefficient will hinder the green technology innovation.Government punitive measures will promote green technology innovation,but high innovation subsidies will restrain the government’s environmental regulation.Therefore,the government should further improve environmental regulation policies,increase enterprises’enthusiasm for green technology innovation and consumers’acceptance of green products,and promote the development of green technology innovation.

Digital Transformation, Market Competition, and Corporate Green Technology Innovation

This paper selects China's A-share listed companies from 2012 to 2021 as the research sample and explores the impact of digital transformation on corporate green technology innovation and the moderating role of corporate competitive position in this relationship.The research findings are as follows:Digital transformation plays a significant role in promoting corporate green technology innovation.The improvement of corporate competitive position weakens the promoting effect of digital transformation on corporate green technology innovation.The moderating effect of the corporate competition position is more pronounced in the enterprises of the eastern and western regions,as well as in the listed companies in the manufacturing industry.The promoting effect of digital transformation on utility model patent innovation is dramatically attenuated when the corporate competitive position is strengthened.However,the weakening effect on invention patent innovation is not statistically significant.

Digital Transformation and Green Technology Innovation in Manufacturing Enterprises: A Study Based on Big Data Text Mining

Digital transformation serves as a new driving force and engine for enterprise innovation.Meanwhile,the national strategy of carbon peaking and carbon neutrality has set new goals and requirements for the green development of the Chinese manufacturing industry.From the three-dimensional perspective of"strategy-resource-institution,"this paper explores the impact and mechanism of digital transformation on green technology innovation of Chinese manufacturing enterprises and the heterogeneous impact of the institutional logic of ownership structure.Using a sample of 1,016 A-share listed manufacturing companies on the Shanghai and Shenzhen Stock Exchanges from 2011 to 2019 and based on big data text mining and a negative binomial regression model,this study finds that:(1)Digital strategy significantly enhances green technology innovation capability of enterprises;(2)digital resource investment partially mediates the effect of digital strategy on the enhancement of green technology innovation capability;and(3)the ownership structure of enterprises plays a moderating role in the mediating relationship mentioned above.Specifically,compared to state-owned enterprises(SOEs),non-state-owned enterprises(NsOEs)show no significant difference in the stages where digital strategy promotes green technology innovation and guides digital resource investment.However,they demonstrate higher efficiency in transforming digital resource investment into green technology innovation.The robustness test indicates that the significant effect of digital strategy and resource investment on green technology innovation in enterprises remains valid in the medium term,with a continuous enabling effect.There is no significant difference between SOEs and NsOEs in the medium and long term in promoting green technology innovation through digital transformation.Further,introducing keyword text networks to explore the structural impact of digital strategy,this study finds that digital product and manufacturing strategy are adequate strategic dimensions to enhance green technology innovation capability,and digital financial strategy and digital marketing strategy have no direct promoting effect on green technology innovation of enterprises.From the perspectives of strategies,resources,and institutions,the research findings elucidate the process mechanisms of digital acceleration in the green transformation of manufacturing and the heterogeneous effect of ownership structure and provide critical theoretical insights into the role mechanisms and contextual factors of digitalization on green innovation in manufacturing enterprises.Moreover,this study offers scientific decision-making support for incentivizing the manufacturing industry to seize the opportunities of industrial digitalization and accelerate carbon peaking and carbon neutrality.

Managers'Digital Literacy and Corporate Green Technology Innovation

This paper incorporates individual digital literacy into corporate management practice to explore the relationship between managers'digital literacy and the performance of corporate green technology innovation.The results show that managers'digital literacy can contribute to corporate green technology innovation.Specifically,a greater degree of digital literacy among the top management team is associated with better performance in corporate green technology innovation.Even if the management does not have an educational background in core digital technologies,their work experience related to core digital technologies such as computers and information technology can help promote corporate green technology innovation in the later stage.There is the heterogeneity in the managers'digital literacy role in promoting corporate green technology innovation,which is more significant in the sample of regions with low levels of the digital economy development,sufficient media attention,and non-heavily polluting enterprises.Digital transformation plays a mediating role between managers'digital literacy and corporate green technology innovation.Through further research,we find that the improvement of managers'digital literacy can contribute to the enhancement of corporate value in the future.The conclusions enrich the research horizon of upper echelons theory,explore the value and differentiated effect of digital human capital in the new era,and provide empirical evidence at the micro level that digital technologies promote the green and sustainable development of the economy.

Green Technology Innovation under China's New Development Concept:The Effects of Policy-Push and Demand-Pull on Renewable Energy Innovation

Green technology innovation meets the dual expectation of innovative development and green development perspectives.Under the canonical demand-pull and policy-push theories,a long-term mechanism for green technology innovation could be formed through upstream policy push and downstream demand-pull.Leveraging China's regional carbon emission trading scheme pilots as a quasi-natural experiment,this paper examines the policy-push and demand-pull effects on innovation in renewable energy patents.The data pertain to the city-level renewable energy patents from 2000 to 2020.Based upon the triple difference-in-difference method,results suggest that both policy-push and demandpull factors exert positive effects on innovation.This paper further explores the practical and theoretical implications of green technology innovation under the new development perspective.

Are the Green TBTs a Stimulus or a Trap for Enterprises’Green Technology Development?

Green trade barriers are often seen as a catalyst that promotes exporting countries to develop green technologies.However,by distinguishing the green technology behavior of enterprises into green technology transformation and green technology innovation,this paper finds that although green trade barriers can encourage enterprises in exporting countries to increase investment in green technology transformation in order to obtain rapid market access,they crowd out the resources of green technology innovation of enterprises.In other words,green trade barriers will strengthen enterprises’dependence on the introduction of green technologies,weaken their innovation capabilities,and increase the risk of being locked in the middle of the global industrial chain,creating a trap effect.Using the data of enterprises in the heavily polluting industry of A-shares from 2009 to 2021,this paper confirms the existence of the trap effect.In addition,this paper finds that due to the infl uence of short-sightedness of managers,alleviating corporate financing constraints can enhance the promotion effect of green trade barriers on the green technological transformation of enterprises,but cannot reduce its inhibiting effect on green technology innovation.The study also finds that even if the time window is extended to the medium and long term,green trade barriers cannot have a significant positive impact on enterprises’green technology innovation.Therefore,the government should not overestimate the role of green trade barriers in encouraging green development and green technology innovation,nor should it rely too much on loose financing policies.In contrast,government should formulate targeted industrial policies to help enterprises overcome green trade barriers through technological innovation.

Reduction effect of carbon emission and optimisation path of green finance

Under the background of"dual-carbon",green finance is an important way to promote carbon emission reduction and realize the development of a low-carbon economy.Using provincial panel data from 2000 to 2020,this paper constructs a basic regression model to study the"carbon reduction"effect,mechanism of action,and heterogeneity of green finance.The study finds that:the development of green finance significantly inhibits carbon emissions and has an obvious"carbon reduction"effect;green technology innovation has a mediating effect on the carbon emission reduction effect of green finance;in regions with a high level of economic development or a high degree of marketization,the"carbon reduction"effect of green finance is significant.

Analysis of Green Technology Upgrading Strategy Based on Collaborative Incentive of Environmental Policy and Green Finance

With the continuous development of economy, the bottleneck problem of environmental resources has become increasingly prominent. Enterprise environmental governance technology innovation incentive has become an important issue for the development of government, society and enterprises. Under the control of enterprise's expected economic target, this paper discusses the synergistic incentive effect of environmental policy and green finance on enterprise's environmental governance technology innovation decision by using nonlinear programming model. The results show that when the funds for environmental governance technological innovation are insufficient, there is an optimal decision space to use green financial loans to implement technological innovation and upgrade, and then achieve the expected economic goals;Under a given level of environmental governance technology, environmental policies affect whether enterprises can make decisions on technological innovation and upgrading of environmental governance;Green financial mechanism will not. However, when the enterprise makes the decision of environmental governance technology upgrading, it will affect the enterprise's decision on green financial loan amount. The results of the study have guiding significance for the formulation of environmental policy and green financial policy, as well as the decision-making of enterprise environmental governance technology innovation and upgrading.

An Exploration into Green-Tech Innovations Based on “Four Modernizations”

The world today is facing a new round of scientific, technological and industrial revolution, and all countries are seeking new development models that have a major role in driving and leading the economy and society. China is also addressing the imbalance between economic development and ecological environmental protection through innovation development of green technology and continuously strives for high-quality economic development. Exploring the integrated development mode of green technology innovation has great theoretical significance and practical value for enhancing the competitiveness of enterprises, promoting the transformation and transfer of green technologies, spurring the development of green “One Belt and One Road”, and driving the economic development and reform in quality, efficiency, and forces. This article sorts out the core elements and influencing factors of constructing a green technology innovation and integration development model, expounds the innovation ecological framework that supports the development of green industries from the four dimensions of industrialization, marketization, informatization, and internationalization, and builds an intermediary that promotes integrated development. The functional architecture proposes an informatization infrastructure that promotes the industrial ecology, and designs a model for the integration and development of international green technology innovation, is of momentous theoretical significance and practical value to improve the quality of the global green development.

Technological innovation,market proximity,and China's industrial green development

Due to environmental damage and natural resource scarcity,the promotion of industrial green development to spur the industrial economy is of concern to many countries.We construct a theoretical framework of technological innovation,market proximity,and industrial green development and subsequently test it empirically.First,the results reveal that technological innovation is beneficial to industrial green development;technological innovation has a positive impact on industrial green development in adjacent regions through technology spillover,but human capital spillover has the opposite effect;the international market can effectively promote industrial green development,but the domestic market does the opposite.Second,the interaction between technology spillover,human capital spillover,and domestic and international markets is beneficial to industrial green development.However,the interaction between domestic and international markets imposes an inhibitive effect on industrial green development.Based on the findings,we make recommendations to improve the level of industrial green development.

Influence of technological innovation on regional green development efficiency in China(2004-2017):An empirical analysis based on the spatial Durbin model

Under the background of green development,the function direction of technological innovation to green development efficiency,which includes economy,resources and environment,needs to be observed by demonstration.In this paper,the green development efficiency of 30 provinces(cities and districts)in China from 2004 to 2017 is measured and its intertemporal changes,regional differences of green development efficiency are analyzed by using the super efficiency SBM model,further through theoretical analysis and empirical study,the influence of technological innovation on regional green development efficiency and its impact mechanism are investigated.The influence mechanisms of the technological innovation on green development efficiency are clarified and empirically tested by spatial econometric models from the perspectives of the growth sources and quantitative analysis.The results show that during the observation period,the green development efficiency in China exhibits a U-shaped variation,but there are huge regional differences with the obvious polarization in Eastern and Midwestern regions,and that technological innovation has some effect in promoting the regional green development efficiency,but not significant enough,which are heterogeneous according to the time periods and regions.

Corporate Digital Transformation and Green Technoiogy Innovation: Evidence from China's Listed Companies in the Manufacturing Industry

Digital transformation has brought new vitality into enterprises'innovative development.Traditional manufacturing industries have leveraged digitalization to drive technological advancements,thereby promoting corporate green technology innovation and achieving the goal of coordinated transformation toward digital and green development.This paper employs annual data of China's A-share listed manufacturing companies from 2007 to 2020 to examine the impact of digital transformation on corporate green technology innovation and the underlying mechanism of this impact.The results indicate that digital transformation significantly enhances corporate green technology innovation,and this enhancing effect is even more significant in state-owned enterprises and high-tech enterprises.The mechanism test reveals that enhancing digital transformation can not only improve enterprises'information transparency and strengthen positive market expectations,but also encourage enterprises to increase R&D investment,ultimately enhancing the level of their green technology innovation.The empirical findings of this paper can provide valuable insights for government departments to formulate strategies that can promote green innovation in the manufacturing industry,drive high-quality development,and contribute to the achievement of carbon peaking and carbon neutrality targets.

Research on the Impact of Digital Finance on Energy Efficiency in China

Digital finance and green technology innovation(GTI)serve as powerful engines for promoting energy efficiency(EE)and economic development.This paper explores the mechanism by which digital finance impacts EE based on panel data from 30 provinces in China spanning from 2011 to 2019.The results demonstrate that digital finance can significantly enhance EE,with a particularly pronounced effect in the eastern region.Through mechanistic analysis,it is evident that GTI serves as the transmission pathway through which digital finance influences EE,accounting for 45.3%of the effect.The policy implication of this study suggests that China should expedite the digitization of financial markets to further harness the development of digital finance,particularly in pursuit of its technological innovation and green,lowcarbon environmental protection effects.

ESG表现如何赋能企业绿色技术创新?--来自中国上市公司的微观证据

经济新发展阶段下ESG是可持续导向下企业运营的重要理念。在绿色发展导向下,如何将企业环境、社会与公司治理(ESG)等多重责任嵌入到企业创新体系之中,驱动传统创新向绿色创新与绿色发展转型,成为了学界关注的焦点议题。本文以2011年—2019年中国沪深A股上市公司为研究样本,考察了上市公司ESG表现对企业绿色技术创新的影响及其内在作用机制。研究结果表明:(1)企业ESG表现驱动了企业绿色技术创新,对企业绿色技术创新具有显著的促进效应,在考虑内生性问题后研究结论依然稳健;区分ESG表现各类维度,企业环境责任、社会责任与公司治理表现对企业绿色技术创新均产生显著的促进效应。(2)内在机制检验结果表明,ESG表现主要通过强化企业环保投入、缓解企业融资约束以及提高企业内部控制质量以促进企业绿色技术创新。(3)调节机制检验结果表明,外部环境规制(环保补助与排污收费)与内部高管激励(薪酬激励与股权激励)在ESG表现与企业绿色技术创新之间产生显著的正向调节效应,即在ESG表现驱动企业绿色技术创新过程中,外部环境规制与内部高管激励制度具有外部的资源补偿效应、合法性倒逼效应以及内部激励效应。(4)异质性分析结果表明,ESG表现对企业绿色技术创新的驱动效应在国有企业、通过国际ISO14001环境认证企业与制造业企业中更为明显。而且经济效应检验结果表明,ESG表现驱动企业绿色技术创新有助于企业改善经济绩效。本研究为绿色发展导向下强化企业ESG理念,基于可持续导向与企业社会责任融入企业创新体系驱动企业绿色转型发展,最终实现企业与社会环境的共生融合发展提供政策启示。

膏体充填:金属矿绿色开采的变革性技术

膏体充填具有安全、环保、经济、高效的显著优势,是近年来金属矿绿色开采的重要变革性技术。本文对近40年来中国膏体充填的发展历程、主要科技成就、基础理论与关键技术装备进行了分析与总结,并重点阐述了膏体充填对采矿工艺变革的推动作用。最后,提出了无人化膏体充填、基于膏体充填的全废综合利用这两大重要发展趋势。

颠覆性技术多元化投入的利益分配及激励机制

我国颠覆性创新多元化投入机制的平台支撑体系建设亟待完善,因此需深入研究适用于颠覆性技术多元化投入的利益分配以及政府补贴机制。其中,公平的利益分配和合理化的激励机制是促使颠覆性技术多元投入有效性的关键因素。因此,针对颠覆性技术多元化投入利益分配以及激励机制设计等问题,采取合作-非合作博弈分析颠覆性技术多元投入的各个参与主体行为,引入风险因子探讨不同主体主导下的情况,并进一步研究政府补贴对各主体投入积极性的影响,进而以明晰多元化投入的激励机制方案选择。研究发现:在颠覆性创新多元化投入的过程中会存在创新投入积极性不足的情况,这是由于各主体出于自身利益最大化考虑;由政府牵头时,整个颠覆性技术投入合作较由其他主体主导下的合作收益高;在政府主导下采取政府补贴形式,可以有效激励其他各个颠覆性创新投入主体的积极性。为此,促进颠覆性创新的投入多元化,政府要构建多元化投入机制,设计合理的利益分配机制与激励机制,并在参与合作时设定恰当的成本补贴额度。

ESG评级是否促进了企业绿色技术创新——来自中国上市公司的微观证据

绿色技术创新是实现碳达峰和碳中和目标的关键驱动力,企业如何利用好ESG提升绿色技术创新水平是当前热门话题。基于商道融绿首次公布上市公司ESG评级事件的准自然实验,以2010—2020年沪深A股上市公司为样本,采用多期双重差分法实证检验ESG评级对企业绿色技术创新的影响。研究结论如下:整体上看,ESG评级事件能显著提升企业绿色技术创新数量和质量,且该结论在平行趋势检验、动态性检验、内生性讨论以及一系列稳健性分析后仍然成立。同时,ESG评级分值越高,企业绿色技术创新水平也越高,但随着ESG评级分值不确定性程度的提高,其对企业绿色技术创新水平的提升作用也有所削弱。通过异质性探究发现,ESG评级更能诱发污染行业和处于成长期、衰退期的企业绿色技术创新水平;位于环境规制较强和市场化程度较高地区的企业,ESG评级对企业绿色技术创新水平影响的边际效应更大。从机制分析结果来看,ESG评级通过降低代理成本、缓解融资约束以及提高管理层环保意识三条途径提升企业绿色技术创新水平。本文拓展了ESG评级经济后果的相关研究,在理论上为第三方评级机构在促进企业绿色技术创新方面的作用提供了新的视角,在实践上为上市公司主动进行ESG评级、投资者利用ESG评级进行决策、政府部门完善ESG评级体系提供了经验依据。