How Digital Innovation Has Empowered High Quality Development of Environmental Protection Enterprises
The environmental protection industry is a key force to promote green development.Deeply exploring the upgrading mechanisms of micro-subjects within environmental protection enterprises is of great significance for achieving high-quality development of these enterprises,and ensuring the smooth implementation of national green development strategies.Based on this,this paper took A-share listed environmental protection enterprises in Shanghai and Shenzhen from 2012 to 2021 as samples,and explored how digital innovation has empowered the high-quality development of environmental protection enterprises.The research showed that digital innovation enhanced total factor productivity through the elements of digital transformation,including organizational structure transformation,process transformation and business model transformation,thereby empowering the high-quality development of environmental protection enterprises.Furthermore,only scaled-up support from green finance could significantly strengthen the impact of digital innovation on the high-quality development of environmental protection enterprises,while the improvement of enterprise dynamic capabilities would lead to a diminishing marginal effect of digital innovation's influence.
environmental protection enterprisesdigital innovationhigh-quality developmentorganizational structure transformationproduction process transformationbusiness model transformationgreen financeenterprise dynamic capability
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