Electricity Infrastructure and Corporate Digital Transformation: Evidence from the Power Transmission of the Three Gorges Project in China
電力インフラと企業のデジタル変革：中国三峡プロジェクトの送電からの証拠 (AI 翻訳)
Weifeng Zhao, Jiahui Wang, Siyuan Deng, Aobo Pi
🤖 gxceed AI 要約
日本語
三峡プロジェクトの送電を自然実験として、中国の製造業上場企業データを用いて電力インフラの改善が企業のデジタル変革を促進することを実証。融資制約の緩和と研究開発投資の増加がメカニズムである。異質性分析では、非STAR市場企業、労働集約型企業、国有企業などで効果が顕著。
English
This study uses the cross-regional power transmission of the Three Gorges Project as a quasi-natural experiment to examine the impact of electricity infrastructure on corporate digital transformation in China. Using a multi-period difference-in-differences model on A-share manufacturing firms from 2000-2023, it finds that improved electricity infrastructure significantly enhances digital transformation, with alleviation of financing constraints and increased R&D investment as mediating mechanisms. Heterogeneity analysis shows stronger effects for non-STAR Market, labor-intensive, asset-intensive, state-owned enterprises, and regions with lower marketization.
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
中国の電力インフラと企業のデジタル変革の関係を実証的に示す。日本のGX文脈では、エネルギーインフラ整備が企業の脱炭素化やDXに与える影響を考える際の参考となるが、中国固有の制度を反映している点に注意が必要。
In the global GX context
This paper provides empirical evidence on the link between energy infrastructure and corporate digital transformation, relevant for understanding how infrastructure investment supports sustainable digitalization. While focused on China, the findings offer insights for global discussions on energy policy and digital economy integration.
👥 読者別の含意
🔬研究者:Offers causal evidence on energy infrastructure's role in digital transformation, with mechanisms and heterogeneity.
🏢実務担当者:Can inform corporate strategy on leveraging energy infrastructure for digital upgrades, though primarily China-focused.
🏛政策担当者:Provides policy implications for coordinating energy security and digital economy, relevant for infrastructure planning.
📄 Abstract（原文）
Electricity infrastructure is widely regarded as a fundamental prerequisite for supporting sustainable industrial development and driving corporate digital transformation under energy constraints. Taking the quasi-natural experiment of changes in electricity supply resulting from the cross-regional power transmission of the Three Gorges Project, and using data from China’s A-share listed manufacturing companies over the period 2000 to 2023, this paper constructs a multi-period difference-in-differences model to investigate whether improvements in electricity infrastructure promote corporate digital transformation and to examine their potential role in supporting sustainable economic development. The empirical results indicate that improvements in electricity infrastructure significantly enhance the level of corporate digital transformation. In the mechanism analysis, the alleviation of financing constraints and the increase in R&D investment play important mediating roles in the process through which electricity infrastructure affects corporate digital transformation. Further heterogeneity analysis reveals that the above effects are more pronounced in non-STAR Market enterprises, labor-intensive enterprises, asset-intensive enterprises, state-owned enterprises, and regions characterized by relatively lower levels of marketization. This study reveals the intrinsic relationship between electricity infrastructure and corporate digital transformation at the micro level, provides empirical evidence for understanding how energy infrastructure supports sustainable digital transformation and enhances long-term economic resilience, and offers policy implications for promoting the coordinated development of energy security and the digital economy.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.3390/su18094238first seen 2026-05-15 21:26:30
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