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Pathways to green development: Investigating the impact and mechanisms of digital government construction on
Yilin Zhao1, Juan Shang1, Guanqing Shi2
1School of Economics and Management, Xidian University, Xi'an, 710126, China.
Abstract:
Digital Government Construction (DGC) is embedded with sustainable development goals, guiding enterprises to accelerate digital as well as green development. Based on the productivity theory and limited attention theory, this study selects the samples of A-share listed companies from 2014 to 2021. Taking regional big data administration reforms as the quasi-natural experiment, the impact of DGC on the corporate green competitiveness (CGC) has been examined by using the multi-period difference-in-differences approach (DID). Research has found that DGC can significantly enhance CGC, and this can be achieved through improving digital human capital (DHC), alleviating financing constraints (FC), and enhancing the green technological innovation capabilities (GTI). Investor attention (IA) at the external governance level acts as a positive moderator between DGC and CGC. Heterogeneity analyses indicate that the effect of DGC is better in samples of non-state-owned enterprises, those with low internet supervision, and those with high CGC. The key policy implication is that the enabling role of digital technology in DGC should be fully leveraged. This will foster a joint green community between DGC and enterprises while utilizing the benefits of digital governance and non-regulatory supervision.
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