Research on the Impact of Digitalization on Environmental Service Enterprises'Performance——Am Empirical Research Based on Annual Report Text
Under the background of"double carbon",it is of great importance to balance economic development and environmental protection.The development level of environmental service enterprises,as market players of environmental governance and ecological protection,has a direct impact on regional environmental quality.It is very important to reveal the development law of environmental service enterprises for China to promote green development strategy and realize the goal of"double carbon".Digital transformation is the key to improving service quality and competitiveness of environmental service enterprises.But in the process of practice,enterprises generally face the problems with"not wanting transformation","fearing transformation"and"being unable to transform".Therefore,it is of great practical significance to evaluate the economic effect of digital transformation scientifically and explore the mechanism of enterprise digital transformation.A review of the existing literature reveals that research on digitalization has focused on the macro level such as society and regions.Besides,there are relatively few studies from the microscopic perspective at the enterprise level.Only a few studies show that digital transformation can improve the innovation performance,production efficiency,and organizational authorization behavior of enterprises.Improving enterprise performance is the fundamental purpose of enterprise operation.However,the relationship between digitalization level and enterprise performance is still controversial and lacks the support of empirical evidence,and its internal influence mechanism is not clear.Based on this,this paper constructs a theoretical framework from three dimensions:direct impact mechanism,indirect impact mechanism and heterogeneous impact mechanism of digital transformation on enterprise perform-ance,and attempts to clarify the law of the impact of digital transformation on enterprise performance.The possible contributions of this paper are as follows:First,limited by the fact that it is difficult to measure digitali-zation at the micro level,the existing literature mostly stays on theoretical analysis and case studies.In this paper,the text analysis technology is used to construct digital transformation indicators,and the panel data model is constructed to fill the existing gap in the empirical study of environmental service enterprises'digital transformation.Second,based on the realistic background of the servitization transformation of environmental service enterprises,the patterns of the impact of digital transformation on enterprise performance under the scenario of environmental service model innovation are explored,which effectively enriches the situational research perspective of the relevant literature.Third,this paper empirically tests the economic effects of the digital transformation of environmental service enterprises,constructs a relatively systematic theoretical framework of"digital transformation—enterprise performance",which is conducive to opening the mechanism"black box"between digital transformation and enterprise performance of environmental service enterprises,and provides theoretical guidance for the digital transformation of environmental service enterprises.This paper takes Chinese listed environmental service enterprises from 2010 to 2019 as research samples,uses the text analysis technology to construct digital transformation indicators,empirically tests the economic effects of digital transformation on environmental service enterprises,explores the indirect transmission mecha-nism of digital transformation on enterprise performance,and further analyzes the heterogeneous effects under different enterprise characteristic scenarios.The study has found that:(1)From the direct effect,digital trans-formation has a significant positive impact on the economic performance of environmental service enterprises,and the driving effect lasts for a long time.(2)The indirect transmission mechanism test shows that operating efficiency directly affects enterprise performance,while digital transformation can indirectly improve enterprise performance by improving operating efficiency of environmental service enterprises.(3)From the perspective of heterogeneity of service model,the economic effect of digital transformation is significant for enterprises imple-menting new service model,while for enterprises still using traditional service model,the impact of digital trans-formation on enterprise performance is not significant.Therefore,the service model has a heterogeneous effect on the economic effect of digital transformation.(4)From the perspective of enterprise ownership,digital transfor-mation has a significant promoting effect on the performance of non-state-owned enterprises,while the impact of digital transformation on the performance of state-owned enterprises is not significant.Therefore,the enterprise ownership has a heterogeneous effect on the economic effect of digital transformation.This paper contributes to clarifying the impact effect and mechanism of digital transformation on enterprise performance,and also provides useful insights to drive digital transformation in environmental service enterprises.
digitalizationenterprise performancetext analysisenvironmental service enterprises
国家科技期刊平台
NSTL
万方数据
