Transmission Channels of Digital Empowerment on Listed Firms’ Green Innovation Performance

As the digital economy continues to advance, the ways in which corporate green innovation is shaped by digital transformation are still poorly understood. Adopting a green technological innovation perspective, the degree of corporate digital transformation is measured in this paper via a textual analysis method and constructs a sample of Shanghai and Shenzhen’s A-share listed enterprises over the period 2011–2022, methodically investigating the underlying logic and transmission pathways through which corporate green innovation is influenced by digital transformation. The results indicate that corporate green innovation is significantly and favorably impacted by digital transformation, this conclusion is supported by several robustness checks. Mechanism tests reveal that corporate green innovation is driven by digital transformation through three distinct channels: enhancing organizational resilience, improving the quality of carbon information disclosure, and easing financial restrictions. Furthermore, the above promotional impacts are most particularly noticeable among high-tech companies, firms in non-heavily-polluting industries, and companies that located in eastern and western China.