Research On Enterprise Digital Transformation,accounting Information Transparency And Green Innovation Performance

Green innovation is not only the key to building a new competitive advantage for manufacturing enterprises,but also an important guarantee for China to achieve the "double carbon" goal with high quality and efficiency.However,under the constraint of limited resources,the green innovation process of manufacturing enterprises is slow,and how to improve green innovation performance has become a real dilemma for manufacturing enterprises.With the booming development of the digital economy,digital transformation has been embedded in all aspects of enterprises’ R&D,production and services,realising changes in enterprises’ production and operation mode and development model,providing favourable factor supply and environmental support for the improvement of enterprises’ green innovation performance,making digital transformation an effective strategy to solve the dilemma of green innovation in manufacturing enterprises.Against this background,it is of great practical significance to integrate digital transformation and green innovation performance into the same research framework,and explore the relationship and potential influence mechanism between the two through empirical testing,in order to promote the improvement of green innovation performance of enterprises and the high-quality development of China’s economy.To this end,based on signalling theory,legitimacy theory and resource-based theory,this paper theoretically and empirically examines the impact of digital transformation on green innovation performance and the mediating role of accounting information transparency in the relationship between the two,taking Chinese manufacturing enterprises listed in Shanghai and Shenzhen A-shares from 2015-2021 as the research object.At the same time,considering that even if the strategic decision of green innovation is driven from an internal perspective,it still needs to be based on the external environment,environmental uncertainty is introduced into the research framework to explore the possible moderating effect of environmental uncertainty in the strategic decision process of green innovation.In addition,considering the possible asymmetric effects of firms’ digital transformation,the direction in which firms’ digital transformation affects green innovation performance and the regions and firm agents that play a role are further explored by distinguishing between types of green patents,firm life cycles and regional degrees of commercialisation.The results of the study show that: first,digital transformation of enterprises can significantly contribute to the improvement of green innovation performance of enterprises,and this contribution is increasingly strong and has a certain degree of sustainability;second,according to the type of patents,green innovation performance is divided into substantive green innovation performance and strategic green innovation performance,and it is found that digital transformation of enterprises can not only improve strategic green innovation performance,but also have a more obvious effect on substantive green innovation performance.Third,digital transformation of enterprises promotes green innovation performance by improving accounting information transparency,and accounting information transparency plays a partial mediating role between digital transformation and green innovation performance;Fourth,environmental uncertainty has a negative moderating effect between digital transformation of enterprises and green innovation performance,and under low environmental uncertainty,digital transformation of enterprises promotes green innovation performance more.The contribution of digital transformation to green innovation performance is stronger under low environmental uncertainty;Fifth,digital transformation has a stronger effect on firms’ green innovation performance in mature firms and in regions with low levels of marketization.The marginal contributions of this paper are: First,based on the signalling theory,it reveals the intrinsic mechanism of firms’ digital transformation to green innovation performance from the perspective of accounting information transparency,further opens the theoretical black box between firms’ digital transformation and green innovation performance,and provides new empirical evidence for firms’ digital transformation to promote green innovation performance.Second,from the perspective of environmental uncertainty,we analyse the situational conditions affecting the relationship between corporate digital transformation and green innovation performance,test the moderating effect of environmental uncertainty on the relationship between corporate digital transformation and green innovation performance,and enrich the effect boundary of the relationship between corporate digital transformation and green innovation performance.