The Impact of Digital Transformation on Green Technological Innovation of Listed Enterprises in China——Evidence Based on Python Text Analysis
Digital transformation is an important means to promote the green technological innovation of enterprises and realize the green and low-carbon development of China's economy.This paper takes China's A-share listed companies from 2012 to 2021 as the research object,and uses Python software to crawl the"digitalization"keywords in the annual reports of listed companies to quantify the degree of digital transformation of enterprises.By constructing models of fixed effect,mediating effect and moderating effect,the paper discusses the impact of digital transformation on enterprises'green technological innovation and its mechanism in depth.The research results show that digital transformation has significantly promoted the green technological innovation of enterprises,and this conclusion is still valid after a series of rigorous robust tests.The mechanism analysis shows that digital transformation indirectly promotes the green technological innovation of enterprises by increasing the investment of innovation funds and innovation manpower.In addition,the regulatory effect test shows that government subsidies have played a positive regulatory role in promoting green technological inno-vation of enterprises in the process of digital transformation.Further heterogeneity analysis shows that digital transformation is condu-cive to the green technology innovation of enterprises in Beijing-Tianjin-Hebei and Chengdu-Chongqing urban agglomeration.
digital transformationgreen technological innovationtext analysis
NETL
NSTL
万方数据
