Green Technology Innovation, Intelligent Transformation and Manufacturing Companies' Environmental Performance: Empirical Research Based on Threshold Effect

Abstract

Abstract: Green technology innovation and intelligent transformation play an important role in breaking resource and environmental constraints and realizing economic and social development. This paper selects data from manufacturing companies A-share listed in the Stock Exchange of Shanghai and Shenzhen from 2011 to 2019 as samples, constructs a two-way fixed effect model to analyze the impact of green technology innovation on the environmental performance of manufacturing companies, and adopts panel threshold model to explore the mechanism of how green technology innovation influences the environmental performance of manufacturing companies, which are at different stage of intelligent transformation. The empirical findings show that:(1) green technology innovation promotes the environmental performance of manufacturing companies; (2) there is a "threshold effect" brought by intelligent transformation. Intelligent transformation positively regulates the effect of green technology innovation on the environmental performance of manufacturing enterprises, and its regulating effect is increasing marginally; (3) when considering heterogeneity, the impact of green technology innovation on environmental performance and the threshold effect of intelligent transformation of manufacturing companies in the eastern region are stronger than those in the central and western regions. Additionally, the impact of green technology innovation of state-owned enterprises on the environmental performance of manufacturing enterprises and the threshold effect of intelligent transformation are weaker than those of non-state-owned enterprises. These findings are conducive to providing theoretical reference for promoting green technology innovation, intelligent transformation of Chinese manufacturing enterprises and improving the environmental performance.

Key words: green technology innovation, intelligent transformation, manufacturing companies' environmental performance, threshold effect

Li Wanhong, Li Na. Green Technology Innovation, Intelligent Transformation and Manufacturing Companies' Environmental Performance: Empirical Research Based on Threshold Effect[J]. Management Review, 2023, 35(11): 90-101.

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