How Does Digital Transformation Affect the Green Development of Manufacturing Industry?Empirical Evidence from A-Share Listed Companies
The coordination of digitalization and green development is an important path to achieving high-quality development.Based on the data from A-share listed manufacturing companies from 2007 to 2022,this article examines the impact of digital transformation on the green development of the manufactur-ing industry using the difference-in-differences(DID)method.It further analyzes the mechanisms and het-erogeneous characteristics of this effect.The results show that digital transformation can promote the green development of the manufacturing industry,and this con-clusion holds even under various robustness tests.Mechanism testing results indicate that digital transformation enhances the green development of the manufac-turing industry through three pathways:technological progress,improvement of human capital,and enhanced internal control levels.Additionally,in the central and western regions,the third-tier digital economy develop-ment and companies with poor ESG performance,the promoting effect of digital transfor-mation on green development is more significant.
digital transformationgreen developmentdifference-in-differences modelmanufacturing enterprises
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