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The impact of digital transformation on the total factor productivity of heavily polluting enterprises
In the digital economy, the relationship between digital transformation and a company's total factor productivity has profound implications for high-quality business development. Heavy polluters are given more environmental responsibility because of their high pollution and emission characteris...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Nature Publishing Group UK
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10115859/ https://www.ncbi.nlm.nih.gov/pubmed/37076699 http://dx.doi.org/10.1038/s41598-023-33553-w |
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author | Su, Jinqi Wei, Yinying Wang, Shubin Liu, Qilei |
author_facet | Su, Jinqi Wei, Yinying Wang, Shubin Liu, Qilei |
author_sort | Su, Jinqi |
collection | PubMed |
description | In the digital economy, the relationship between digital transformation and a company's total factor productivity has profound implications for high-quality business development. Heavy polluters are given more environmental responsibility because of their high pollution and emission characteristics. This paper analyses the theoretical framework for the impact of digital transformation on the total factor productivity of heavily polluting firms. Using a sample of Shanghai and Shenzhen A-share heavy polluters from 2010 to 2020, we explore how the digital transformation of heavy polluters affects the total factor productivity of firms. The study found that the digital transformation of heavily polluting companies can effectively improve total factor productivity, internally by increasing their level of green technology innovation and externally by increasing their willingness and capacity for corporate social responsibility. At the same time, digital transformation can improve total factor productivity by reducing cost stickiness, revealing the "black box" in which digital transformation affects the total factor productivity of an enterprise. It was further found that the digital transformation of companies with high levels of environmental investment, large enterprises, those in non-manufacturing industries, and heavy polluters of a state-owned nature had a more significant impact on total factor productivity. The findings of the study provide empirical evidence for the digital transformation of heavily polluting companies to improve productivity and the green transformation of the economy for companies under the low carbon goal. |
format | Online Article Text |
id | pubmed-10115859 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Nature Publishing Group UK |
record_format | MEDLINE/PubMed |
spelling | pubmed-101158592023-04-21 The impact of digital transformation on the total factor productivity of heavily polluting enterprises Su, Jinqi Wei, Yinying Wang, Shubin Liu, Qilei Sci Rep Article In the digital economy, the relationship between digital transformation and a company's total factor productivity has profound implications for high-quality business development. Heavy polluters are given more environmental responsibility because of their high pollution and emission characteristics. This paper analyses the theoretical framework for the impact of digital transformation on the total factor productivity of heavily polluting firms. Using a sample of Shanghai and Shenzhen A-share heavy polluters from 2010 to 2020, we explore how the digital transformation of heavy polluters affects the total factor productivity of firms. The study found that the digital transformation of heavily polluting companies can effectively improve total factor productivity, internally by increasing their level of green technology innovation and externally by increasing their willingness and capacity for corporate social responsibility. At the same time, digital transformation can improve total factor productivity by reducing cost stickiness, revealing the "black box" in which digital transformation affects the total factor productivity of an enterprise. It was further found that the digital transformation of companies with high levels of environmental investment, large enterprises, those in non-manufacturing industries, and heavy polluters of a state-owned nature had a more significant impact on total factor productivity. The findings of the study provide empirical evidence for the digital transformation of heavily polluting companies to improve productivity and the green transformation of the economy for companies under the low carbon goal. Nature Publishing Group UK 2023-04-19 /pmc/articles/PMC10115859/ /pubmed/37076699 http://dx.doi.org/10.1038/s41598-023-33553-w Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) . |
spellingShingle | Article Su, Jinqi Wei, Yinying Wang, Shubin Liu, Qilei The impact of digital transformation on the total factor productivity of heavily polluting enterprises |
title | The impact of digital transformation on the total factor productivity of heavily polluting enterprises |
title_full | The impact of digital transformation on the total factor productivity of heavily polluting enterprises |
title_fullStr | The impact of digital transformation on the total factor productivity of heavily polluting enterprises |
title_full_unstemmed | The impact of digital transformation on the total factor productivity of heavily polluting enterprises |
title_short | The impact of digital transformation on the total factor productivity of heavily polluting enterprises |
title_sort | impact of digital transformation on the total factor productivity of heavily polluting enterprises |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10115859/ https://www.ncbi.nlm.nih.gov/pubmed/37076699 http://dx.doi.org/10.1038/s41598-023-33553-w |
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