Green innovation(GI) has become crucial for the high-quality development of enterprises. With the impact of digital technology on the real economy, digital transformation(DT) has risen to a significant national development strategy. The process of DT implies introducing advanced productivity, which can empower enterprises to transform the development mode to realize GI. However, this process depends to a certain extent on the impact of enterprise agility and ESG information disclosure. Based on the theory of organizational information processing, DT can help enterprises respond to changes in the external environment promptly to promote GI by improving the information processing capability and effectively realizing the agility response of enterprises at the industrial, production, and sales ends. In addition, DT also exists in the interactive communication between enterprises and society. Accroding to the signaling theory, high-quality ESG information disclosure can play a "signaling effect" in conveying a positive enterprise image to society, and it is easy for enterprises to obtain external support and create conditions for GI. Green innovation (GI) is crucial for high-quality enterprise development, while digital transformation (DT) has become a key national strategy, driving advanced productivity. DT enhances enterprise agility and information processing capabilities, facilitating GI through efficient responses across industry, production, and sales. Additionally, DT fosters interactive communication between enterprises and society. High-quality ESG (Environmental, Social, Governance) disclosure acts as a positive signal, attracting external support for GI. Meanwhile, there are multiple interactions between the GI process of enterprises and the government. In recent years, local governments have been paying more and more attention to new quality productive forces. Local governments' focus on new quality productive forces supports industrial upgrading and provides a favorable environment for GI. However, further research is needed to explore the mechanisms of enterprise agility, ESG disclosure, and government attention within the DT-GI framework.
Using the data of Chinese listed enterprises from 2015 to 2023, this paper introduces the mediating variables of agility responsiveness and ESG disclosure and the moderating variable of local government's attention to new quality productive forces and empirically explores how
DT empowers GI of enterprises from the perspective of new quality productive forces. The results show that DT has a positive and significant impact on GI; agility responsiveness and ESG disclosure play a mediating role between DT and GI; local government's attention to new qualitative productivity positively moderates the relationship among DT, ESG disclosure and GI, and at the same time strengthens the mediating role of ESG disclosure between DT and GI. Further analysis reveals that the local government's concern on new quality productive forces can positively moderate the relationship between agility responsiveness and GI, and strengthen the mediating role of agility responsiveness in the relationship between DT and GI only when the degree of enterprise capital redundancy is high.
This paper makes several significant contributions to the literature on digital transformation (DT) and green innovation (GI). Firstly, it shifts the focus from the economic impacts of DT to its role in driving green development and green innovation dividends under the framework of new quality productive forces. This approach bridges gaps in current research and offers new empirical evidence on value creation through green-oriented digital transformation. Secondly, the study reveals the dual mediating roles of agility responsiveness and ESG disclosure quality between DT and enterprise GI. Unlike previous research that examined resource input, information sharing, and governance, this paper explores the theoretical mechanisms underlying these relationships, expanding the understanding of how DT empowers GI. Thirdly, it examines the moderating role of local governments' attention to new quality productive forces in influencing the GI process through DT. This research clarifies the contextual boundaries of DT's impact on GI and aligns with China's emphasis on developing new quality productive forces. It provides new empirical insights into how local government focus can shape enterprises' DT and GI, contributing to both theoretical and practical advancements in the field.
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