Liu Jianmin, Meng Xuan, Xia Qin
School of Economics and Management, Nanchang University, China.
School of Finance, Nankai University, China.
Heliyon. 2024 May 10;10(10):e30784. doi: 10.1016/j.heliyon.2024.e30784. eCollection 2024 May 30.
We use a sample of Chinese firms from 2006 to 2020 to investigate the effect of information infrastructure on the quality of green innovation. Findings show that information infrastructure significantly improves corporate green innovation quality, and information infrastructure improves the pricing efficiency, improves valuation levels, accelerates the flow of innovation resources, and induces the growth effect of corporate innovation resources. Furthermore, we find that executive salary incentives, internal control quality, and market-oriented environmental regulation have adaptive incentives for information infrastructure to improve the quality of green innovation. Our findings provide justification to promote the construction of an information infrastructure and adopt market-oriented environmental regulations to improve corporate green innovation quality.
我们使用2006年至2020年的中国企业样本，研究信息基础设施对绿色创新质量的影响。研究结果表明，信息基础设施显著提高了企业绿色创新质量，并且信息基础设施提高了定价效率，提升了估值水平，加速了创新资源流动，并引发了企业创新资源的增长效应。此外，我们发现高管薪酬激励、内部控制质量和市场化环境规制对信息基础设施提高绿色创新质量具有适应性激励作用。我们的研究结果为推动信息基础设施建设和采用市场化环境规制以提高企业绿色创新质量提供了依据。
