Impact of Green Technology Innovation on Environmental Performance of Agricultural Listed Companies:Based on the Dual Mediation Mechanism of Corporate Social Responsibility and Digital Transformation
National promotion of green agricultural development and the"dual carbon"goals put forward higher requirements in green innovation,social responsibility,digital transformation,and environmental performance for agricultural enterprises.Based on stakeholder theory,control theory,and technological innovation theory,selecting dynamic panel data from 69 Chinese agricultural listed companies from 2013 to 2022,a multiple linear regression model is used to empirically analyze the impact of green technology innovation on corporate environmental performance and its mediating effect.The benchmark regression results indicate that green technology innovation significantly improves corporate environmental performance.After replacing the explanatory and dependent variables,the robustness test results are still significant.Heterogeneity analysis shows that green technology innovation has a significant positive impact on the environmental performance of private enterprises,high social responsibility enterprises,and high media attention enterprises,but has no significant impact on state-owned enterprises,low social responsibility enterprises,and low media attention enterprises.From the perspective of intermediary effects,green technology innovation affects corporate environmental performance through two paths:corporate social responsibility and digital transformation.After adding instrumental variables to the system GMM(generalized method of moments)model for endogeneity treatment,the conclusion still holds.The research conclusion indicates that enterprises should improve their level of green technology innovation,actively assume social responsibility,and accelerate digital transformation to promote the"incremental improvement"of environmental performance,promote the green and low-carbon development of agricultural listed companies in China,play the leading role of agricultural listed companies in promoting agricultural green development,and achieve the goals of"carbon neutrality"and"carbon peak".
green technology innovationcorporate social responsibilitycorporate environmental performancedigital transformationdouble intermediary