数字化转型披露迎合行为对企业绿色创新的影响

刘毛桃; 方徐兵

doi:10.19571/j.cnki.1000-2995.2026.05.009

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科研管理 ›› 2026, Vol. 47 ›› Issue (5) : 84-94. DOI: 10.19571/j.cnki.1000-2995.2026.05.009 CSTR: 32148.14.kygl.2026.05.009

数字化转型披露迎合行为对企业绿色创新的影响

刘毛桃 ¹ ,
方徐兵 ²

作者信息 +

The impact of digital transformation disclosure catering behavior on corporate green innovation

Liu Maotao ¹ ,
Fang Xubing ²

Author information +

文章历史 +

摘要

数字化转型是推动企业可持续发展的关键举措,但在缺乏统一信息披露标准和有效监管的情况下,企业管理层可能会为迎合资本市场和数字经济政策而操纵其数字化转型信息披露。本文以2011—2021年A股非金融类上市公司数据为研究样本,采用固定效应模型考察数字化转型披露迎合行为对数字化转型的绿色创新效应的影响。研究发现,数字化转型显著促进了企业绿色创新,数字化转型披露迎合行为会削弱数字化转型对企业绿色创新的促进作用。这种削弱作用在行业竞争程度较高、环境规制强度较低和非高新技术企业中更为明显。机制检验发现,数字化转型披露迎合行为通过削弱数字化转型对企业内部治理能力、外部市场关注的促进作用,从而造成数字化转型的绿色创新效应损失。本研究不仅为甄别企业数字化转型信息披露的真实性提供理论依据,也为完善企业文本信息披露体系和促进绿色创新实现可持续发展提供政策启示。

Abstract

Digital transformation is a key initiative for promoting sustainable development in enterprises. However, without unified information disclosure standards and effective regulation, corporate management may manipulate their digital transformation information disclosure to cater to the capital market and digital economy policies. Using the data from Chinese A-share listed companies from 2011 to 2021, this study used the fixed effect model to examine the impact of digital transformation disclosure catering behavior on the green innovation effect of digital transformation. We found that digital transformation significantly promotes corporate green innovation. However, the catering behavior of digital transformation disclosure weakens this promoting effect. The weakening effect is more pronounced in industries with high competition, low environmental regulation intensity, and non-high-tech enterprises. The mechanism analysis showed that digital transformation disclosure catering behavior reduces the green innovation effect of digital transformation by weakening its enhancement of internal governance capabilities and external market attention. This study has not only provided a theoretical basis for identifying the authenticity of corporate digital transformation information disclosure, but also offered policy implications for improving the corporate text information disclosure system and promoting green innovation to achieve sustainable development.

导出引用

刘毛桃, 方徐兵. 数字化转型披露迎合行为对企业绿色创新的影响[J]. 科研管理. 2026, 47(5): 84-94 https://doi.org/10.19571/j.cnki.1000-2995.2026.05.009

Liu Maotao, Fang Xubing. The impact of digital transformation disclosure catering behavior on corporate green innovation[J]. Science Research Management. 2026, 47(5): 84-94 https://doi.org/10.19571/j.cnki.1000-2995.2026.05.009

中图分类号： F832.51

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