THE EFFECT OF CARBON TRADING ON CORPORATE DIGITAL TRANSFORMATION
カーボン取引が企業のデジタル変革に与える影響 (AI 翻訳)
Guanqiuyue Chen, Edmund Loi, Ka Ip Chan
🤖 gxceed AI 要約
日本語
中国の炭素排出権取引パイロット政策が企業のデジタル変革に与える影響を、2009～2020年の上海・深センA株上場企業データを用いたDID分析で検証。AI、ビッグデータ、クラウド、ブロックチェーン、デジタル技術応用の5次元で評価した結果、政策はデジタル変革を有意に促進し、特に国有企業や中小企業で効果が大きいことを確認。
English
This study examines the impact of China's carbon emission trading pilot policy on corporate digital transformation using a multi-period DID approach. Analyzing data from 2009-2020, the authors find that market-based environmental regulation significantly promotes digital transformation, measured across AI, big data, cloud computing, blockchain, and digital technology applications. The effect is stronger for state-owned and SMEs, but not significant for large enterprises.
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
中国の炭素取引政策とデジタル変革の関係を実証。日本ではカーボンプライシング導入議論が進む中、規制が企業のDX促進に寄与する可能性を示唆。ただし、中国特有の制度背景に留意が必要。
In the global GX context
This paper provides empirical evidence on how carbon trading can drive digital transformation, relevant to global discussions on market-based climate policies. It offers insights for countries implementing similar carbon pricing mechanisms, highlighting differential effects by ownership and firm size.
👥 読者別の含意
🔬研究者:Provides an empirical link between carbon pricing and digital transformation, using a robust DID design with Chinese firm data.
🏢実務担当者:Suggests that carbon trading policies can stimulate digital transformation, especially for state-owned and small-to-medium firms.
🏛政策担当者:Highlights the potential of market-based instruments like carbon trading to promote digitalization alongside decarbonization.
📄 Abstract（原文）
Abstract This study examines the impact of market-based environmental regulation on corporate digital transformation, using China’s carbon emission trading pilot policy as a representative initiative. Analyzing data from Shanghai and Shenzhen A-share listed companies between 2009 and 2020 through a multi-period difference-in-differences (DID) approach with two-way fixed effects, we investigate the underlying mechanisms. By developing a comprehensive evaluation framework encompassing five technological dimensions—artificial intelligence, big data, cloud computing, blockchain, and digital technology applications—we find that market-based environmental regulation significantly promotes corporate digital transformation, demonstrating a robust positive causal relationship. To ensure reliability, our findings withstand a series of robustness checks, including parallel trend tests, placebo tests, PSM-DID estimations, and variable replacement tests. Heterogeneity analysis reveals substantial variations in policy effects: the promoting effect on state-owned enterprises is approximately twice as strong as that on non-state-owned enterprises. Furthermore, while the policy significantly enhances digital transformation among small and medium-sized enterprises, its impact on large enterprises remains statistically insignificant. This research highlights the crucial role of market-based environmental regulation in driving corporate digital advancement, providing empirical evidence for policymakers to refine environmental regulation systems and implement differentiated strategies for corporate green transformation. It also offers practical insights for enterprises of varying ownership structures and sizes in pursuing digital transformation within sustainable development frameworks.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.2478/eoik-2026-0003first seen 2026-06-23 06:12:26
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