Digital Empowerment, Environmental Regulation and Green Transformation of Manufacturing Enterprises

Abstract

Abstract: The green transformation of manufacturing enterprises is an essential requirement for achieving the “dual carbon” goals and promoting the high-quality development of the national economy. Based on an explanation of the connotations of enterprises' green transformation, this study integrates digital empowerment and environmental regulation into a unified theoretical framework to explore the “driving force” mechanisms of digital empowerment in promoting enterprises' green transformation and the “direction” guidance provided by environmental regulation. The study finds that digital empowerment significantly promotes the green transformation of manufacturing enterprises. Mechanism analysis reveals that digital empowerment positively influences green transformation by improving internal control quality, enhancing information transparency, and optimizing human capital structure. Heterogeneity analysis shows that the driving effect of digital empowerment on green transformation is more pronounced in state-owned enterprises, enterprises in central and eastern regions, and those with relatively low financing constraints. Further analysis indicates that command-control and market-incentive-based environmental regulations, along with an environmental policy combination of “cost-and-expense type + subsidy-incentive type”, have a significant positive moderating effect. This research provides a theoretical foundation and practical reference for the green transformation of Chinese manufacturing enterprises under the “dual carbon” targets.

Key words: Digital Empowerment, Environmental Regulation, Green Transformation, Manufacturing, Technological Progress

摘要： 制造业企业绿色转型是实现“双碳”目标、助推国民经济高质量发展的必然要求。本研究在深入阐释企业绿色转型内涵的基础上,将数字赋能和环境规制纳入同一理论框架,探讨数字化赋能制造业企业绿色转型的“动力”机制与环境规制引导制造业企业绿色转型的“方向”作用。研究发现,数字赋能显著促进制造业企业绿色转型;机制分析表明,数字赋能主要通过提升内部控制质量、增强信息透明度以及优化人力资本结构推动企业绿色转型;异质性分析表明,在国有企业、东中部地区及融资约束较低的企业中,数字赋能对绿色转型的促进作用更显著;进一步分析发现,命令控制型和市场激励型环境规制与“成本费用型+补贴激励型”的环境政策组合具有显著的正向调节作用。研究结论为“双碳”目标下中国制造业企业绿色转型提供了理论基础和实践参考。

关键词: 数字赋能, 环境规制, 绿色转型, 制造业, 技术进步

CLC Number:

X322
F270.7

WEI Huiru, ZHANG Jie. Digital Empowerment, Environmental Regulation and Green Transformation of Manufacturing Enterprises[J]. Collected Essays on Finance and Economics, 2025, 41(12): 113-124.

魏荟茹, 张杰. 数字赋能、环境规制与制造业企业绿色转型[J]. 财经论丛, 2025, 41(12): 113-124.

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