Skip to main content

ORIGINAL RESEARCH article

Front. Environ. Sci.
Sec. Environmental Economics and Management
Volume 13 - 2025 | doi: 10.3389/fenvs.2025.1485881
This article is part of the Research Topic Climate Risk and Green and Low-Carbon Transformation: Economic Impact and Policy Response View all 13 articles

Digital Transformation, Green Technology Innovation and Corporate Value

Provisionally accepted
Lijuan Zhang Lijuan Zhang 1*Zirui Song Zirui Song 2
  • 1 Leshan Vocational and Technical College, Leshan, China
  • 2 University of Western Australia, Perth, Western Australia, Australia

The final, formatted version of the article will be published soon.

    One of the key factors influencing corporate sustainable development is green technology innovation (GTI). Our study intends to explore how digital transformation impacts corporate value through GTI. We use panel data from A-share publicly listed firms in China spanning from 2012 to 2022 as our sample. We employ textual analysis to extract keywords correlated to digital transformation from the annual reports, and construct an indicator to evaluate the digital transformation of corporates. Our findings show that digital transformation significantly enhances enterprise value by improving green technology innovation. Furthermore, the market competition and green credit moderate the mediated relationship between digital transformation and corporate value.Additionally, heterogeneity tests indicate that digital transformation has a more significant influence on value enhancement for heavily polluting corporates, non-hightech corporates, and smaller corporates. This research offers important recommendations for practitioners on advancing sustainable business practices and provides policy recommendations for environmental protection and green development.

    Keywords: digital transformation, Green technology innovation, corporate value, sustainable development, Market competition, green credit

    Received: 25 Aug 2024; Accepted: 13 Jan 2025.

    Copyright: © 2025 Zhang and Song. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

    * Correspondence: Lijuan Zhang, Leshan Vocational and Technical College, Leshan, China

    Disclaimer: All claims expressed in this article are solely those of the authors and do not necessarily represent those of their affiliated organizations, or those of the publisher, the editors and the reviewers. Any product that may be evaluated in this article or claim that may be made by its manufacturer is not guaranteed or endorsed by the publisher.