The Impact of Digital Transformation on Green Innovation -- ESG-based Intermediation

This paper analyzes the relationship between digital transformation and green innovation based on the data of A-share listed companies from 2019-2023. It is found that (1) digital transformation enhances the development of green innovation, which still holds after the robustness test. (2) Digital transformation promotes the development of green innovation by enhancing the level of corporate ESG index and then promoting the development of corporate green innovation. (3) Digital transformation has a more significant impact on green innovation in SOEs than in non-SOEs. The purpose of this paper is to provide references and lessons for enhancing enterprises' attention to digital transformation and promoting enterprises' green innovation development.