Research on the Impact of Industrial Enterprise Digitization on Green Innovation——Based on the Moderating Effect of R&D Externality
To clarify how R&D externality affect the role of digitization in green innovation,A-share indus-trial listed companies in China from 2012 to 2022 were used as an example to explore the impact of enter-prise digitization on green innovation and the moderating effect of R&D externality.The heterogeneity of enterprise lifecycle theory and government subsidies was also examined.The empirical results show that industrial enterprise digitization significantly promotes green innovation,and the conclusion is robust after alleviating endogenous problems.The R&D externality weakens the promotion effect of digitization on green innovation,and the conclusion remains unchanged after robustness tests.The results of heterogenei-ty analysis show that the impact of industry R&D externality on mature industrial enterprises is more sig-nificant,and government subsidies effectively alleviate the negative impact of industry R&D externality.
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