Marketization of Data Elements and Enterprise Green Governance Performance: A Quasi‐Natural Experiment Based on Data Trading Platforms DOI Open Access
Weilong Wang, Deheng Xiao

Managerial and Decision Economics, Год журнала: 2024, Номер unknown

Опубликована: Дек. 25, 2024

ABSTRACT Green corporate governance not only contributes to the sustainable development of enterprises but also promotes overall environmental improvement society, achieving a win–win situation for both economy and environment. With progress data factors have become key motivator green governance, promotion marketization elements (MDE) is great significance in releasing factor dividends strengthening system. It particularly important clarify correlation between enterprise performance (GGP) as necessary path Chinese enterprises. Using from listed firms Shanghai Shenzhen A‐shares 2010 2022, well creation trading platform quasi‐natural experiment building markets, this research investigates impacts MDE on GGP. We found that significantly After going through several robustness tests, conclusion holds up. The mechanism verifies GGP by enhancing firms' innovation capability, optimizing utilization, alleviating financing constraints. Through heterogeneity analysis, paper explores how human capital level, developing high‐tech firms, digital finance can further contribute promotional effect Finally, analysis economic consequences finds enhances brings about effects value This effectively identifies perspective, which offers crucial policy recommendations advancing era big data.

Язык: Английский

The side effects of local government debt: Evidence from urban investment bonds and corporate pollution in China DOI

Mengling Zhou,

Kangqi Jiang, Zhongfei Chen

и другие.

Journal of Environmental Management, Год журнала: 2023, Номер 344, С. 118739 - 118739

Опубликована: Авг. 8, 2023

Язык: Английский

Процитировано

20
Reducing asymmetric cost behaviors: Evidence from digital innovation DOI Creative Commons

Xinyi Du,

Kangqi Jiang, Xian Zheng

и другие.

Humanities and Social Sciences Communications, Год журнала: 2024, Номер 11(1)

Опубликована: Май 28, 2024

Abstract This study quantifies the impact of digital innovation on corporate performance, offering insights into sustainability innovation’s and providing guidance for firms embarking their journey. We examine effect cost stickiness using patent reports spanning from 2007 to 2022. The baseline analysis results reveal that significantly mitigates in companies. finding remains robust after addressing endogeneity concerns conducting various robustness tests. probe potential mechanisms discover reduces by enhancing quality internal controls, improving resource-adjustment efficiency, managerial over-optimism. Heterogeneity indicates a more pronounced reducing asymmetric behaviors larger firms, those beyond growth stage, regions with active procurement, well-developed taxation governance, sound judiciary infrastructures. Additionally, our expanded confirms financial benefits stickiness. A notable discovery is negative correlation between transformation within digitally innovative underscoring greater significance over mere digitization. Overall, this advances understanding how influences management strategies.

Язык: Английский

Процитировано

5
The value of corporate digital transformation: evidence from bond pricing DOI
Kangqi Jiang, Xin Xie,

Yu Xiao

и другие.

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

Процитировано

5
How does the innovation of digital and green technology integration promote corporate environmental performance DOI Creative Commons
Shan Li, Kai Xing,

Jixian Meng

и другие.

International Review of Economics & Finance, Год журнала: 2025, Номер unknown, С. 104035 - 104035

Опубликована: Март 1, 2025

Язык: Английский

Процитировано

0
Spatial–temporal evolution, drivers, and pathways of the synergistic effects of digital transformation on pollution and carbon reduction in heavily polluting enterprises DOI Creative Commons

Wei Mai,

Lixin Xiong,

Bo Liu

и другие.

Scientific Reports, Год журнала: 2025, Номер 15(1)

Опубликована: Апрель 8, 2025

Abstract Under the “dual carbon” goals, heavily polluting enterprises face dual pressures to reduce both pollution and carbon emissions, necessitating urgent exploration of effective pathways for coordinated emission reductions. This study investigates potential digital transformation in achieve synergistic First, entropy method is employed measure enterprise digitalization pollutant levels, spatial–temporal evolution characteristics regional reductions are analyzed. Subsequently, using panel data from Yangtze River Economic Belt, examines impact on reduction, its underlying mechanisms, moderating effects environmental policies these relationships. Robustness tests confirm synergy between emissions. The findings reveal that contributes reduction emissions enterprises, primarily through two pathways: integration internal innovation resources collaborative engagement external networks. Furthermore, air control low-carbon city initiatives significantly enhance digitalization. Interestingly, located downstream regions River, those with smaller operational scales, or facing strong financing constraints, demonstrate more pronounced transformation. Based conclusions, we recommend governments focus strengthening either “pollution reduction” “carbon policies, as alone can yield benefits. Additionally, tailoring local conditions maximize economic

Язык: Английский

Процитировано

0
Technology adoption and extreme stock risk: Evidence from digital tax reform in China DOI Creative Commons
Kangqi Jiang, Xiaofeng Chen, Jiayun Li

и другие.

Humanities and Social Sciences Communications, Год журнала: 2025, Номер 12(1)

Опубликована: Фев. 6, 2025

Язык: Английский

Процитировано

0
Does digitalization facilitate pollution and carbon emissions reduction synergies?: Evidence based on Chinese A-share manufacturing companies DOI
X. E. Wang, Xiang Su

Environment Development and Sustainability, Год журнала: 2025, Номер unknown

Опубликована: Фев. 26, 2025

Язык: Английский

Процитировано

0
Sustainable Growth: Unveiling the Impact of Government Attention on Corporate Environmental Performance DOI Open Access
Xian Zheng, Zizhen Huang, Kangqi Jiang

и другие.

Business Ethics the Environment & Responsibility, Год журнала: 2025, Номер unknown

Опубликована: Март 18, 2025

ABSTRACT With the ongoing development of ecological civilization and advancing state governance, governments focus increasingly on environmental issues to foster low‐carbon development. We define government attention (GEA) by aggregating analyzing textual data extracted from work reports 2008 2020, using web scraping expanding vocabulary with Word2Vec model. This study examines impact GEA corporate performance (CEP), datasets A‐share listed corporations in Shanghai Shenzhen. Our findings reveal a significant positive relationship between CEP, which remains robust after addressing endogeneity concerns conducting various sensitivity tests. Mechanistic analysis indicates that enhances CEP strengthening penalties, directing financial resources toward less polluting firms, raising managerial green awareness. Heterogeneity suggests GEA's effects are more pronounced cities extensive digital procurement. Further shows capital market responds positively GEA, enhancing stock liquidity, institutional investor holdings, long‐term returns, overall firm value. These provide critical insights for policymakers sustainable practices

Язык: Английский

Процитировано

0
Digital Transformation and Green Development Research: Microscopic Evidence from China’s Listed Construction Companies DOI Open Access
Aihua Shen, Rui Wang

Sustainability, Год журнала: 2023, Номер 15(16), С. 12481 - 12481

Опубликована: Авг. 16, 2023

The construction industry is in urgent need to transition away from its rough development and management practices. It essential embrace a sustainable path enhance core competitiveness, promote resource intensification, prioritize environmental friendliness. digital transformation uses information data as the key elements of traditional industries become more intelligent green. This ushers new opportunities for industry, marking significant turning point evolution. paper explores impact on green companies inner mechanism. Based panel listed China’s 2015 2021, two-way fixed effect, mediating moderating threshold effect models are used test relationship between them. results indicate that significantly promotes companies. Additionally, this result still holds after robustness endogeneity tests. state-owned, larger situated regions with weaker economy development. In addition, intensity regional regulations strengthens However, it has effect. been found innovation corporate human capital structure can serve mediators. general trend change, drive towards offers micro-empirical evidence empowers China.

Язык: Английский

Процитировано

10
Does Digitalization Facilitate Environmental Governance Performance? An Empirical Analysis Based on the PLS-SEM Model in China DOI Open Access

Jiajia Guo,

Xin Shen

Sustainability, Год журнала: 2024, Номер 16(7), С. 3026 - 3026

Опубликована: Апрель 5, 2024

The development of digitalization has brought about profound changes in government governance, enterprise production and residents’ daily lives. Whether inhibits environmental pollution is a question that needs to be answered urgently, as it great significance for addressing conflicts between human beings the ecological environment. Moreover, provides theoretical basis China’s green sustainable development. governance model new stage “government, enterprise, public” multifaceted governance. Therefore, this paper empirically analyzes impact on performance its mediating effect from multidimensional perspective, using inter-provincial panel data 2011 2020 sample employing structural equation modeling. It found can significantly improve performance, while mechanism analysis shows improves through improving regulation, public participation, corporate technology innovation. Heterogeneity contribution digitization varies according geographic region regional innovative capacity. Based this, policy recommendations are proposed terms construction, government, enterprises form multi-governance system among enterprises.

Язык: Английский

Процитировано

2