Marketization of Data Elements,Digital Transformation,and Green Innovation of Firms
As the core production factor in the digital economy era,data elements are a new engine for promoting firm's green innovation and development.Based on the data of A-share listed firms in Shanghai and Shenzhen Stock Exchange from 2013 to 2021,this paper uses the DID model and the mediating effect model to explore how data element marketiza-tion influences firm's green innovation through digital transformation.The results show that data elements marketization can promote firm's green innovation,and digital transformation plays a mediating role between the two.Heterogeneous a-nalysis shows that the mediating effect of digital transformation is mainly reflected in group with higher level of digital in-frastructure and in group with higher level of dynamic capability.Further research has found that the mediating effect of underlying technologies between data element marketization and firm's green innovation is higher than that of practical applications.The mediating effect of digital transformation between marketization of data elements and radical green inno-vation is higher than that between data elements marketization and incremental green innovation.
data elements marketizationdigital transformationgreen innovationmediating effect
NETL
NSTL
万方数据
