Blockchain Information Disclosure and Trade Credit

Luo, Yonggen; Duan, Junshan; Li, Antai; Shao, Jingting

doi:10.1080/1540496x.2023.2203809

Cited by 2 publications

(1 citation statement)

References 36 publications

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“…Drawing upon the theory of information asymmetry, the digital economy has mitigated the information gap between firms and market stakeholders [ 49 ], facilitating expedited and seamless flow of market information. Market participants can more conveniently query, obtain, and share market information, improving the transparency and fairness of market information [ 50 ], thereby promoting the improvement of marketization level.…”

Section: Metrological Inspectionmentioning

confidence: 99%

Can digital economy foster synergistic increases in green innovation and corporate value? Evidence from China

Song,

Wang,

Dong

2024

PLoS ONE

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The rapid evolution of the digital economy has significantly accelerated progress towards achieving green and sustainable processes, particularly in the field of green production. While existing research has delved into the effects of the digital economy on Green Innovation (GI) and the consequences of digital transformation on Corporate Value (CV), there remains a notable gap in the literature regarding the potential for synergistic enhancements in firms’ GI&CV through the ongoing digital revolution. This study utilizes an evolutionary game model and employs system dynamics methods to simulate the dynamic evolution trajectory of the influence of the digital economy on the synergy between GI&CV. Subsequently, it empirically assesses the interconnected synergies between GI&CV using a dataset comprising information from Chinese listed firms spanning from 2011 to 2020, examining the impact of the digital economy on these synergies. Moreover, the study delves into the analysis of the transmission mechanism and conducts an extended investigation to further explore this phenomenon. The findings of this paper including: (1) The digital economy acts as a driving force behind the synergistic enhancement of firm GI&CV. Moreover, this effect is further augmented by governmental environmental regulation and green subsidy policies. (2) Drawing upon the information asymmetry theory and the resource-based theory, the regional marketization level and firms’ digital transformation play intermediary roles. (3) The heterogeneity test indicate that firms situated in eastern regions and those classified as non-heavily polluted benefitted to a greater extent. This study sheds light on the incentive implications of digital economy for the synergistic upgrading of GI&CV, thereby extending the breadth of study on the consequences of digital economy. Moreover, it offers actionable suggestions for enterprises to leverage digital economy development towards achieving a synergistic improvement of GI&CV.

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Section: Metrological Inspectionmentioning

confidence: 99%

Can digital economy foster synergistic increases in green innovation and corporate value? Evidence from China

Song,

Wang,

Dong

2024

PLoS ONE

View full text Add to dashboard Cite

show abstract

Potential contributions of digital finance to alleviating the ‘low-end lock-in’ dilemma for green innovation in enterprises

2024

Environ. Res. Commun.

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As climate change risks intensify worldwide, green technological innovation by enterprises has become a crucial factor affecting the balance between economic development and ecological governance. This paper utilizes data from Chinese A-share listed companies in heavily polluting industries from 2011 to 2021 to investigate the impact and mechanism of the knowledge spillover effect of enterprise digital finance development on the phenomenon of "low-end lock-in" in green innovation. The study finds that digital finance development significantly promotes green innovation in enterprises, with a more pronounced enhancement in high-end green innovation output, thereby mitigating the phenomenon of "low-end lock-in" in green innovation. Mechanism analysis reveals that the development of digital finance in enterprises facilitates high-end green innovation by alleviating financing constraints and enhancing internal control levels through internal and external governance structures. Heterogeneity tests indicate that the promotion effect of digital finance development on high-end green innovation is more pronounced in samples of state-owned enterprises, large and medium-sized enterprises, and enterprises in central and eastern regions. This paper constructs an index of digital finance development for enterprises through text analysis, providing theoretical support for micro-enterprise research on digital finance development and empirical support for the impact of financial development trends on theories of enterprise green innovation.

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Blockchain Information Disclosure and Trade Credit

Cited by 2 publications

References 36 publications

Can digital economy foster synergistic increases in green innovation and corporate value? Evidence from China

Can digital economy foster synergistic increases in green innovation and corporate value? Evidence from China

Potential contributions of digital finance to alleviating the ‘low-end lock-in’ dilemma for green innovation in enterprises

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