Digital Technology Innovation and Corporate Environmental Responsibility: A Resource Acquisition Perspective
DOI:
https://doi.org/10.54097/8rc31g23Keywords:
Digital technology; environmental responsibility; resources; green development.Abstract
Using annual panel data of A-share listed companies in Shanghai and Shenzhen from 2011 to 2024, this paper examines the impact of digital technology innovation on corporate environmental responsibility. The results show that, first, corporate digital technology innovation significantly improves firms’ actual performance in environmental responsibility. Specifically, it both reduces symbolic environmental disclosure and promotes substantive environmental responsibility performance. Second, the mediation analysis indicates that digital technology innovation has a significant resource effect: firms can improve their environmental responsibility performance by acquiring more digital resources, knowledge resources, and credit resources. Third, the positive effect of corporate digital technology innovation on environmental responsibility is more pronounced among firms with higher levels of slack resources and firms subject to stronger environmental regulation. Fourth, further analysis shows that digital technology innovation can guide firms to undertake environmental responsibility from both the breadth and depth of application, exerting a positive influence in the process.
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