Digital Technology Investment Rhythm, Interentrainment and Green Innovation Performance

Abstract

Abstract: Existing researches of digital technology investment mainly focus on the perspective of "quantity", while ignoring the "temporal" perspective of digital technology investment process. Based on the "Rhythm View" and "Entrainment View" of corporate strategy, this study uses the panel data of listed companies in the heavy polluting industries from 2013 to 2020 to study the mechanism of how the rhythm of digital technology investment influences green innovation performance, and addresses the research gap in the temporal dimension of digital technology investment. The results show that:(1) there is an inverted U-shape relationship between technician investment rhythm and green innovation performance, and CEO's environmental cognition can enhance the relationship; (2) there is a U-shape relationship between digital asset investment rhythm and green innovation performance, and pressure-sensitive institutional ownership can enhance the relationship; (3) there is a U-shape relationship between the interentrainment of technician investment rhythm and digital asset investment rhythm and green innovation performance, and political connection can enhance this relationship. In the process of leveraging digital technology to drive green innovation, firms should pay attention to the rhythm of digital asset investment and technician investment, as well as the interentrainment between them.

Key words: digital technology investment, rhythm, entrainment, green innovation performance

Sun Zhongjuan, Li Huaqian, Liu Xuexin. Digital Technology Investment Rhythm, Interentrainment and Green Innovation Performance[J]. Management Review, 2025, 37(5): 94-107.

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