Environmental regulation policy and enterprise digital transformation: evidence from low-carbon city policies in China
Low-carbon city policies (LCCP) are crucial environmental regulatory frameworks driving China’s transition toward a low-carbon economy. This study investigated the impact of LCCP on enterprise digital transformation (EDT). This study employed a staggered difference-in-differences model for Chinese listed companies from 2007 to 2021. It also used a cross-sectional model for further analysis. We found that the implementation of LCCP can promote EDT. This impact was more pronounced among enterprises with greater media attention in high-energy-consumption industries and well-developed economic areas. This study has practical implications for the LCCP, as it evaluates the consequences of macro-level LCCP on micro-level corporate economic consequences. It provides an important reference for developing countries to implement LCCP and promote green industry upgrading. This study broadens the impact of the LCCP, providing valuable insights into substantiating carbon neutrality goals and fostering the influencing factors of EDT.
Gang Zhao, Jianhao Zhang, Wanyi Chen
International Journal of Emerging Markets, Vol. ahead-of-print, No. ahead-of-print, pp.-
Low-carbon city policies (LCCP) are crucial environmental regulatory frameworks driving China’s transition toward a low-carbon economy. This study investigated the impact of LCCP on enterprise digital transformation (EDT).
This study employed a staggered difference-in-differences model for Chinese listed companies from 2007 to 2021. It also used a cross-sectional model for further analysis.
We found that the implementation of LCCP can promote EDT. This impact was more pronounced among enterprises with greater media attention in high-energy-consumption industries and well-developed economic areas.
This study has practical implications for the LCCP, as it evaluates the consequences of macro-level LCCP on micro-level corporate economic consequences. It provides an important reference for developing countries to implement LCCP and promote green industry upgrading.
This study broadens the impact of the LCCP, providing valuable insights into substantiating carbon neutrality goals and fostering the influencing factors of EDT.
