How Does Digitalization and Intelligence Improve Green Innovation——The Multiple Chain Mediating Effect of Social Responsibility and Governance Structure
With the development of digital economy,digital industrialization has changed from quantitative expansion to high-quality development.Digital and intelligence transformation of traditional industry is important to achieve the peak of carbon,which can change innovation mode and improve green innovation.Based on the panel data of China'sA-share listed non-financial enterprises from 2009 to 2019,this paper searches for digital and intelligent keywords from an-nual report of enterprise through data mining method.We also use propensity score matching method and difference in difference model to study the effects of digitization and intelligence on green innovation,and analyze the multi-chain-mediating effect of social responsibility and governance structure with regard to the heterogeneity of different regions and different ownership structures.This article obtains the followed conclusions.First,digitalization and intelligence of firm promotes green innovation.Second,digitalization and intelligence promotes executive compensation incentive,education of directors and supervisors,and ages of directors and supervisors,which can also increase green innovation by improving social responsibility.Third,the positive effects of digitalization and intelligence of private-owned enterprises on green in-novation are larger than that of state-owned enterprises.Moreover,the multi-chain-mediating effect of social responsi-bility and governance structure of private-owned enterprises on green innovation is significant,which is insignificant for state-owned enterprises.Fourth,the effects of digitalization and intelligence on green innovation in the eastern region are greater than that in the central region,which is the smallest in the western region.
social responsibilitygreen innovationgovernance structuremediation effectPSM-DID
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