异质型碳规制对企业数字化转型的影响
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国家社会科学基金重点项目(24AZD074)


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    摘要:

    推动数字化绿色化协同发展,以绿色化带动数字化是实现经济高质量发展的重要推力。基于此,利用2006—2023年A股上市公司数据,将“低碳城市”和“碳排放权交易”试点政策分别作为命令控制型碳规制政策和市场激励型碳规制政策的外生冲击,采用DID模型探讨异质型碳规制政策对企业数字化转型的影响。研究发现:两类碳规制政策均能促进企业数字化转型,且命令控制型碳规制的促进作用小于市场激励型碳规制政策。探究其机制发现:命令控制型碳规制政策主要通过环境行政处罚,而市场激励型碳规制政策主要通过缓解融资约束来促进企业数字化转型;绿色技术创新和人力资本在两类碳规制政策促进数字化转型中均起到中介作用;董监高的金融背景、海外背景和绿色背景具有正向调节作用。此外,异质型碳规制政策对企业数字化转型的影响会因企业地理位置、行业类型的不同而表现出异质性特征。相关研究为加速企业数字化转型与绿色协同发展提供理论支撑与政策启示。

    Abstract:

    Promoting the coordinated development of digitalization and greenization, with greenization driving digitalization, serves as a crucial driver for achieving high-quality economic growth. This study utilizes data from A-share listed companies from 2006 to 2023, treating the “low-carbon city” and “carbon emission rights trading” pilot policies as exogenous shocks to command-control carbon regulation policies and market-incentive carbon regulation policies, respectively. Using a DID model, it examines the impact of heterogeneous carbon regulation policies on corporate digital transformation. Findings reveal that both types of carbon regulation policies can facilitate corporate digital transformation, with the promoting effect of command-control policies being weaker than that of market-incentive policies. Mechanism analysis indicates that command-control policies primarily drive digital transformation through environmental administrative penalties, while market-incentive policies achieve this by alleviating financing constraints. Green technology innovation and human capital both act as mediating factors in the promotion of digital transformation by both types of carbon regulation policies. Additionally, the financial background, overseas background, and green background of the board of directors, supervisors, and senior executives exert positive moderating effects. Moreover, the impact of heterogeneous carbon regulation policies on corporate digital transformation exhibits heterogeneity based on geographic location and industry type. This research provides theoretical support and policy insights for accelerating corporate digital transformation and green synergistic development.

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张自然,海梅红,宋萍萍.异质型碳规制对企业数字化转型的影响[J].南京审计大学学报,2026,23(1):69-79

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  • 在线发布日期: 2026-01-31
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