The Causal Impact of Data Elements on Corporate Green Transformation: Evidence from China

The positive impact of data elements on enterprise operation has been confirmed by many scholars, but few studies have paid attention to the effect of data elements on corporate green transformation, especially in the context of global climate change. In this study, we employ panel data from Chinese...

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Main Authors: Shaopeng Zhang, Wenxi Han, Xiangyu Wu
Format: Article
Language:English
Published: MDPI AG 2025-06-01
Series:Systems
Subjects:
Online Access:https://www.mdpi.com/2079-8954/13/7/515
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author Shaopeng Zhang
Wenxi Han
Xiangyu Wu
author_facet Shaopeng Zhang
Wenxi Han
Xiangyu Wu
author_sort Shaopeng Zhang
collection DOAJ
description The positive impact of data elements on enterprise operation has been confirmed by many scholars, but few studies have paid attention to the effect of data elements on corporate green transformation, especially in the context of global climate change. In this study, we employ panel data from Chinese listing firms to identify the casual impact of data elements on corporate green transformation, using the staggered difference-in-differences method. We show that: (a) Data elements exert a significant positive influence on corporate green transformation. This finding holds up in a series of robustness checks; (b) The promoting effect of data elements on green transformation is mediated by alleviating financing constraints and elevating executive green attention; (c) Green governance resilience and green management innovation can strengthen the positive relationship between data elements and green transformation; and (d) The promoting effect is more pronounced in enterprises with larger boards of directors, those located in the eastern regions, and those characterized by higher carbon emission intensities. Overall, we not only provide empirical evidence of optimizing regional data-factor allocation and promoting green technological innovation but also offer theoretical guidance for refining the pathways of corporate green transformation.
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spelling doaj-art-13fa0de9a7614d92ac597ccb1faa0c092025-08-20T03:32:18ZengMDPI AGSystems2079-89542025-06-0113751510.3390/systems13070515The Causal Impact of Data Elements on Corporate Green Transformation: Evidence from ChinaShaopeng Zhang0Wenxi Han1Xiangyu Wu2School of Economics and Management, Northeast Forestry University, Harbin 150040, ChinaSchool of Economics and Management, Northeast Forestry University, Harbin 150040, ChinaSchool of Economics and Management, Northeast Forestry University, Harbin 150040, ChinaThe positive impact of data elements on enterprise operation has been confirmed by many scholars, but few studies have paid attention to the effect of data elements on corporate green transformation, especially in the context of global climate change. In this study, we employ panel data from Chinese listing firms to identify the casual impact of data elements on corporate green transformation, using the staggered difference-in-differences method. We show that: (a) Data elements exert a significant positive influence on corporate green transformation. This finding holds up in a series of robustness checks; (b) The promoting effect of data elements on green transformation is mediated by alleviating financing constraints and elevating executive green attention; (c) Green governance resilience and green management innovation can strengthen the positive relationship between data elements and green transformation; and (d) The promoting effect is more pronounced in enterprises with larger boards of directors, those located in the eastern regions, and those characterized by higher carbon emission intensities. Overall, we not only provide empirical evidence of optimizing regional data-factor allocation and promoting green technological innovation but also offer theoretical guidance for refining the pathways of corporate green transformation.https://www.mdpi.com/2079-8954/13/7/515data elementsgreen transformationnational big data comprehensive pilot zonestaggered difference-in-differences method
spellingShingle Shaopeng Zhang
Wenxi Han
Xiangyu Wu
The Causal Impact of Data Elements on Corporate Green Transformation: Evidence from China
Systems
data elements
green transformation
national big data comprehensive pilot zone
staggered difference-in-differences method
title The Causal Impact of Data Elements on Corporate Green Transformation: Evidence from China
title_full The Causal Impact of Data Elements on Corporate Green Transformation: Evidence from China
title_fullStr The Causal Impact of Data Elements on Corporate Green Transformation: Evidence from China
title_full_unstemmed The Causal Impact of Data Elements on Corporate Green Transformation: Evidence from China
title_short The Causal Impact of Data Elements on Corporate Green Transformation: Evidence from China
title_sort causal impact of data elements on corporate green transformation evidence from china
topic data elements
green transformation
national big data comprehensive pilot zone
staggered difference-in-differences method
url https://www.mdpi.com/2079-8954/13/7/515
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AT shaopengzhang causalimpactofdataelementsoncorporategreentransformationevidencefromchina
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