|
|
|
| Research on the Influence and Mechanism of the National E-commerce Demonstration City on Green Technological Innovation of Enterprises |
| Jin Huan,Yu Lihong,Wei Jiali |
| (School of Business, East China University of Science and Technology, Shanghai 200237, China) |
|
|
|
|
Abstract Green technology innovation is considered to be one of the effective ways to transform the economic development mode and achieve sustainable development. Regarding how to realize green technology innovation, existing studies mainly focus on environmental regulation, leaving the green development of enterprises from the perspective of internet and commerce rarely untouched. Nowadays, the digital economy is becoming a leading force driving innovation and transformation. Digital technologies represented by big data and artificial intelligence have changed innovation factors and reduced cost of enterprises transactions. Therefore, this study aims to deeply investigate the influence and underlying mechanism of the development of Internet and e-commerce on enterprise green technology innovation.#br#The information impact brought by the construction of national e-commerce demonstration cities provides a unique research perspective and opportunity for the above research. In order to give full play to the role of e-commerce in optimizing resource allocation, reducing energy consumption, and developing green economy, the government has carried out the pilot construction of e-commerce demonstration cities in 70 cities across China. In this paper, we take the construction of e-commerce demonstration cities as an exogenous policy shock, select the panel data of Chinese A-share listed companies in Shanghai and Shenzhen from 2009 to 2019, and construct a difference-in-differences model to empirically test the impact and mechanism of urban e-commerce development on green technological innovation of micro enterprises.#br#It is found that the construction of national e-commerce demonstration cities significantly improves the green technology innovation of enterprises in the pilot areas, and the conclusion still holds after a series of robustness tests. However, in the long run, the innovation-driving effect of the policy shows a diminishing marginal contribution. Heterogeneity analysis shows that the pilot policy significantly promotes green technology innovation of enterprises in non-resource-based cities and areas with higher informatization, and has insignificant effects on resource-based cities and areas with low informatization. Meanwhile, the application of e-commerce has a greater impact on private enterprises' green technology innovation compared to state-owned enterprises. The mechanism test found that the e-commerce mainly promotes enterprises' green technological innovation by reducing their external transaction costs and internal control costs. In addition, compared with the manufacturing industry, the saving effect of commerce on transaction costs in the service industry is more obvious, and the saving effect on external transaction costs is greater than that on internal control costs.#br#This paper has marginal contributions in the following aspects. Firstly, in terms of research content, taking the construction of national e-commerce demonstration cities as an exogenous policy shock, which not only can avoid the endogeneity problems caused by measurement errors and reverse causality, but also can expand the existing relevant research perspectives. Secondly, in terms of theoretical framework, this paper integrates transaction cost theory, bilateral market theory, and research results in the field of enterprise green technology innovation, which not only enriches the theoretical analysis of informatization and transaction cost, but also provides a new way of green technology innovation research. Thirdly, we further subdivide the total transaction cost into internal control cost and external market transaction cost, and separately explores the strength and direction of the transaction cost of different types of enterprises in influencing the process of green technological innovation, which provides useful policy insights for the in-depth promotion of pilot policy of e-commerce demonstration cities.#br#There are two aspects waiting for further improvement. On the one hand, there may be bias in the selection of listed companies as the research sample. Although the matching method is used in the robustness test to minimize the interference of selection bias, there are still many differences between listed companies and non-listed companies, both in terms of total number and scale, and further analysis and verification can be considered in the future using a more abundant large sample database. On the other hand, this paper only considers the impact of e-commerce development on enterprises' green technological innovation, without examining in depth whether enterprises can realize their transformation and upgrading after improving their green innovation capability, especially the green transformation and upgrading of polluting enterprises, which is the key to achieve green economic development at this stage. Therefore, in the future, the impact of Internet and commerce development on the green transformation and upgrading of manufacturing enterprises can be further examined, as well as whether they can improve the green innovation ability of heavily polluting enterprises or promote their green transformation.#br#
|
|
Received: 30 June 2021
|
|
|
|
|
|
| [1] 刘乃全,邓敏,曹希广. 城市的电商化转型推动了绿色高质量发展吗？基于国家电子商务示范城市建设的准自然实验[J]. 财经研究,2021,47(4):49-63.[2] YI L,THOMAS H R. E-business and sustainable development[J]. International Journal of Environment and Sustainable Development,2006,5(3):262-274.[3] 董直庆,王辉. 环境规制的“本地—邻地”绿色技术进步效应[J]. 中国工业经济,2019，36(1):100-118.[4] 张娟,耿弘,徐功文,等. 环境规制对绿色技术创新的影响研究[J]. 中国人口·资源与环境,2019,29(1):168-176.[5] 齐绍洲,林屾,崔静波. 环境权益交易市场能否诱发绿色创新?基于我国上市公司绿色专利数据的证据[J]. 经济研究,2018,53(12):129-143.[6] 熊广勤,石大千,李美娜. 低碳城市试点对企业绿色技术创新的影响[J]. 科研管理,2020,41(12):93-102.[7] 卢福财,刘林英,徐远彬. 互联网发展对工业绿色全要素生产率的影响研究[J]. 江西社会科学,2021,41(1):39-50,254-255.[8] RICCI L A,TRIONFETTI F. Productivity,networks,and export performance:evidence from a cross-country firm dataset[J]. Review of International Economics,2012,20(3):552-562.[9] YADAV N. The role ofInternet use on international trade:evidence from Asian and sub-Saharan African enterprises[J]. Global Economy Journal,2014,14(2):189-214.[10] 孙浦阳,张靖佳,姜小雨. 电子商务、搜寻成本与消费价格变化[J]. 经济研究,2017,52(7):139-154.[11] COASE R H. Thenature of the firm[J]. Economica,1937,4(16):386-405.[12] 崔晓明,姚凯,胡君辰. 交易成本、网络价值与平台创新:基于38个平台实践案例的质性分析[J]. 研究与发展管理,2014,26(3):22-31.[13] 周开国,卢允之,杨海生. 融资约束、创新能力与企业协同创新[J]. 经济研究,2017,52(7):94-108.[14] EDLER J,FAGERBERG J. Innovation policy:what,why,and how[J]. Oxford Review of Economic Policy,2017,33(1):2-23.[15] MUKHERJEE A,SINGH M,ALDOKAS A. Do corporate taxes hinder innovation[J]. Journal of Financial Economics,2017,124(1):195-221.[16] 黎文靖,郑曼妮. 实质性创新还是策略性创新?宏观产业政策对微观企业创新的影响[J]. 经济研究,2016,51(4):60-73.[17] 罗超平, 胡猛. 互联网对制造企业创新的影响机制及实证研究[J].科技进步与对策, 2022,39（3）：96-106.[18] HAINMUELLER J.Entropy balancing for causal effects:a multivariate reweighting method to produce balanced samples in observational studies[J].Political Analysis,2012,20(1):25-46. [19] 郭家堂,骆品亮. 互联网对中国全要素生产率有促进作用吗[J]. 管理世界,2016，33(10):34-49.[20] 袁航,朱承亮. 智慧城市是否加速了城市创新[J]. 中国软科学,2020(12):75-83. |
|
|
|
