The value of corporate digital transformation: evidence from bond pricing
China Finance Review International,
Год журнала:
2024,
Номер
unknown
Опубликована: Ноя. 22, 2024
Purpose
The
main
purpose
of
this
study
is
to
examine
the
effect
corporate
digital
transformation
on
bond
credit
spreads.
Additionally,
it
also
explores
two
potential
channels,
information
asymmetry
and
default
risk,
through
which
can
influence
Design/methodology/approach
We
use
issuance
data
Chinese
listed
companies
over
period
2008–2020.
Corporate
these
measured
with
textual
analysis
management
discussion
part
annual
reports.
employ
a
panel
regression
model
estimate
Findings
find
robust
evidence
that
higher
experience
lower
further
observe
spread
reduction
for
firms
are
smaller,
non-state-owned,
have
ratings
less
analyst
coverage.
reduces
spreads
by
reducing
between
investors
enhanced
mechanisms
lowering
risk
strengthening
operating
efficiency.
Originality/value
To
best
our
knowledge,
first
attempt
understand
impact
Our
findings
help
firms’
worthiness
access
capital.
Язык: Английский
The Criticality of the Digital Economy in Environmental Sustainability: Fresh Insights from a Wavelet-Based Quantile-on-Quantile Approach
Sustainability,
Год журнала:
2025,
Номер
17(2), С. 622 - 622
Опубликована: Янв. 15, 2025
Achieving
environmental
sustainability
has
become
an
urgent
priority
in
the
era
of
rapid
digital
economic
expansion,
which
presents
both
opportunities
and
challenges
for
sustainable
development.
This
study
investigates
impact
economy
(DIE)
on
(ENS)
through
dual
dimensions
industrialization
(DII)
industrial
digitalization
(IND),
employing
wavelet-based
quantile-on-quantile
regression
method
to
capture
quantile
dependencies
temporal
variations.
The
results
reveal
that
DIE
positively
impacts
ENS
long
term,
while
its
short-term
effects
are
mixed,
with
positive
at
lower
higher
quantiles
but
negative
mid-range
[0.35–0.45]
[0.65–0.7].
Specifically,
DII
exerts
a
predominantly
effect
due
costs
infrastructure
turns
term
as
matures,
especially
[0.85–0.95].
IND,
conversely,
consistently
short-
long-term
scenarios,
highlighting
role
enhancing
efficiency
reducing
emissions.
These
emphasize
need
targeted
policies,
including
prioritizing
digitalization,
developing
green
infrastructure,
adopting
phased
development
strategies
maximize
benefits.
Язык: Английский
The panel threshold analysis of digitalization on manufacturing industry’s green total factor productivity
Scientific Reports,
Год журнала:
2025,
Номер
15(1)
Опубликована: Фев. 5, 2025
Green
and
sustainable
development
of
manufacturing
industry
has
become
the
developing
trend,
green
total
factor
productivity
is
an
important
indicator
for
measuring
growth
industry.
The
rapid
digitalization
provides
new
opportunities
improvement
industry's
(IGTFP).
However,
there
exists
two
different
perspectives
"digital
promotion
effect"
inhibition
presently,
which
causes
paradox".
That
is,
may
have
a
non-linear
effect
on
IGTFP.
Therefore,
this
study
focuses
level
aims
to
test
threshold
impact
Furthermore,
tries
explore
boundary
conditions
applicability
driving
sub-industries
from
perspective
heterogeneous
technological
innovation
abilities
in
industries.
empirical
based
panel
data
29
industries
China
2012–2019.
results
show
that:
(1)
Digitalization
significant
IGTFP,
research
are
still
robust
according
changing
variable
algorithm
carrying
Winsorize
test.
(2)
Industry
(ITI)
plays
role
process
(3)
Heterogeneity
analysis
shows
that
mechanism
varies
depending
differentiated
intensity
pollution
degree.
policymakers
should
formulate
strategies.
Язык: Английский
Evaluating the energy-saving and efficiency-enhancing potential of data factor marketization: Empirical evidence from 270 cities in China
Journal of Environmental Management,
Год журнала:
2025,
Номер
378, С. 124686 - 124686
Опубликована: Март 5, 2025
Язык: Английский
The impact of the national big data comprehensive pilot zone on digital economy development: evidence from China
Information Technology for Development,
Год журнала:
2025,
Номер
unknown, С. 1 - 21
Опубликована: Март 9, 2025
Язык: Английский
Research on the carbon emissions reduction effects of China’s digital economy: moderating role of the national big data comprehensive pilot zone policy
Frontiers in Environmental Science,
Год журнала:
2025,
Номер
13
Опубликована: Апрель 1, 2025
The
rapid
expansion
of
the
digital
economy
presents
substantial
opportunities
for
achieving
“dual
carbon”
objectives
in
China
and
globally.
Understanding
how
contributes
to
carbon
emission
reduction
is
essential
promoting
high-quality
economic
growth.
This
study
examines
mechanisms
through
which
affects
emissions,
with
a
focus
on
“production
side”
social
reproduction
process.
Using
panel
data
from
30
provincial-level
regions
between
2012
2022,
this
employs
dual
fixed-effects
model
mediation
effect
analyze
impact
emissions.
It
explores
three
key
channels–scale
effects,
structural
technological
effects.
Additionally,
moderating
applied
assess
role
National
Big
Data
Comprehensive
Pilot
Zone
(NBDCPZ)
policy
enhancing
effects
economy.
findings
indicate
that:
(1)
plays
significant
reducing
its
being
more
pronounced
eastern
areas
abundant
energy
resources
higher
levels
development.
(2)
On
production
side,
progress
upgrading
mediate
whereas
scale
increases
However,
combined
outweighs
negative
expansion.
(3)
analysis
reveals
that
NBDCPZ
amplifies
economy,
further
strengthening
prohibitive
influence
As
nations
increasingly
prioritize
sustainable
development,
provides
valuable
insights
into
by
reduction.
highlight
need
region-specific
policies
leverage
transformation
achieve
neutrality
goals.
Язык: Английский
The role of the digital economy on the coordinated development of green agriculture and food security: evidence from China
Frontiers in Sustainable Food Systems,
Год журнала:
2024,
Номер
8
Опубликована: Ноя. 6, 2024
Promoting
the
coordinated
development
of
green
agriculture
and
food
security
is
important
for
global
sustainable
development,
digital
economy
a
potential
path
to
realizing
this
goal.
Using
panel
data
30
provinces
(municipalities
directly
under
central
government
autonomous
regions)
in
China
from
2014
2021,
study
applies
entropy
weight
method
coupling
coordination
degree
model
measure
security.
Moreover,
constructs
fixed-effects
spatial
spillover
effect
models
determine
on
We
find
positive
trend
between
China,
with
no
evident
polarization
phenomenon.
The
can
effectively
promote
security,
has
effects.
Our
findings
expand
research
related
economy,
contribute
promotion
agricultural
Язык: Английский
Data-driven solutions: Uncovering the hidden potential of big data technologies in in building low-carbon cities
Computers & Industrial Engineering,
Год журнала:
2024,
Номер
197, С. 110543 - 110543
Опубликована: Сен. 6, 2024
Язык: Английский
Unveiling the impact of synergy between digitalization and greening on urban employment in China
Scientific Reports,
Год журнала:
2024,
Номер
14(1)
Опубликована: Ноя. 13, 2024
Digitalization
and
greening
are
two
major
characteristics
of
economic
social
development,
promoting
the
deep
synergy
these
factors
has
significant
practical
relevance
for
employment.
However,
question
whether
between
digitalization
promotes
or
hinders
employment
not
been
answered
in
literature.
Therefore,
a
synergistic
framework
was
first
constructed
urban
based
on
green
pulling
digital
empowerment
mechanism.
By
using
data
from
281
cities
China
2011
to
2021,
effects
its
underlying
mechanisms
were
explored
this
study.
The
findings
revealed
that
(1)
development
can
indeed
promote
employment,
result
remains
valid
after
numerous
robustness
tests
performed.
(2)
Mechanism
analysis
enhance
by
regional
innovation
entrepreneurship
increasing
human
capital
investment.
(3)
Heterogeneity
showed
there
more
significantly
positive
effect
tertiary
industry,
eastern
central
regions,
among
governments
with
greater
preference
innovation.
(4)
Further
research
shown
prominent
spatial
spillover
it
matrix
is
replaced.
These
results
offer
policy
references
fully
unleashing
employment-creating
thereby
achieving
high-quality
development.
Язык: Английский