The Impact of Corporate Digital Transformation on Green Total Factor Productivity—The Role of Environmental Regulation
企業のデジタルトランスフォーメーションがグリーン全要素生産性に与える影響—環境規制の役割 (AI 翻訳)
Qiong Zhang, Zhihong Mao
🤖 gxceed AI 要約
日本語
2011年から2020年の中国A株上場企業データを用い、デジタルトランスフォーメーションがグリーン全要素生産性（GTFP）を促進することを実証。イノベーション能力と会計透明性の向上、資金調達摩擦の低減が経路であるが、厳しい環境規制は特にグリーン技術効率変化（GTEC）を通じてその効果を弱める。非国有・産業・高排出企業で効果が顕著。
English
Using data from Chinese A-share listed companies (2011-2020), this paper shows that corporate digital transformation improves Green Total Factor Productivity (GTFP) through enhanced innovation, accounting transparency, and reduced financing frictions. However, stricter environmental regulation attenuates these positive effects, particularly on Green Technological Efficiency Change (GTEC). The benefits are more pronounced in non-state-owned, industrial, and high-emission firms. The study provides mechanistic guidance for corporate green development.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
中国企業を対象とした実証研究だが、日本企業のDXと環境規制の相互作用を考える上で示唆に富む。日本のGX政策におけるデジタル活用や環境規制の設計に参考となる可能性がある。
In the global GX context
This paper contributes to the global literature on digitalization and green productivity, offering empirical evidence on the mediating role of innovation and financing. It highlights how environmental regulation can moderate the benefits of digital transformation, which is relevant for policymakers and firms in various countries designing green strategies.
👥 読者別の含意
🔬研究者:Provides empirical mechanisms linking digital transformation to green productivity and the moderating role of environmental regulation.
🏢実務担当者:Offers insights on leveraging digital transformation to enhance green productivity, especially for non-state-owned and high-emission firms.
🏛政策担当者:Highlights the trade-off between environmental regulation stringency and the enabling effect of digital transformation, informing policy design.
📄 Abstract（原文）
Drawing on data from Chinese A-share listed companies between 2011 and 2020, this paper explores how corporate digital transformation shapes Green Total Factor Productivity (GTFP) and its underlying components. The findings suggest that digital transformation promotes GTFP by enhancing innovation capability and accounting transparency, while simultaneously reducing financing frictions. However, stricter environmental regulation attenuates these positive effects, particularly with respect to Green Technological Efficiency Change (GTEC). Non-state-owned enterprises, industrial firms, and high-carbon emitters can more effectively leverage digital transformation to enhance their GTFP; however, the negative impact of environmental regulations is also more pronounced among these entities. The interaction between digital transformation and GTFP elevates corporate market value, with this value effect primarily stemming from improvements in GTEC. By decomposing GTFP into Green Technological Change (GTC) and GTEC, this study clarifies the operational pathways of digital transformation and environmental regulations, enriching the theoretical framework for green productivity research. It reveals the channel-specific effects of environmental regulations—namely, their primary modulation of digital transformation’s green enabling role through influencing GTEC rather than GTC—and systematically integrates multiple pathways for enhancing green productivity via digital transformation, green innovation, information transparency, and financing mechanisms. This provides mechanistic guidance for corporate green development strategies. The research highlights digital transformation’s pivotal role in advancing corporate green development, offering practical insights for policymakers and business managers in promoting sustainable development and formulating environmental policies.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.3390/su18042048first seen 2026-05-15 21:41:07
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