Study on the Impact of Enterprise Digital Transformation on Green Innovation Performance The Mediating Role Based on Financing Constraints

As digital technology advances rapidly, digital transformation has emerged as a crucial strategy for enterprises to bolster their competitiveness and pursue green development. Nevertheless, enterprises frequently encounter hurdles such as financing constraints during this transformation, which can hinder the enhancement of green innovation performance. This paper intends to explore the influence of corporate digital transformation on green innovation performance, emphasizing the mediating role of financing constraints in this relationship. This research reveals that digital transformation notably enhances a company's innovative capabilities and market competitiveness, with green innovation performance serving as a pivotal indicator of sustainable development.Funding constraints play an intermediate role between digital transformation and green innovation performance, but it is a role often overlooked in existing studies.By easing financing constraints, digital transformation provides greater financial backing for green innovation projects, fostering green development and improving green innovation performance. These findings not only contribute to the theoretical understanding of the connection between digital transformation and green innovation performance but also offer practical insights for governments formulating policies and enterprises implementing digital transformation strategies.