碳韧性、数字化转型与高碳排放企业成长绩效

Carbon Resilience, Digital Transformation and the Growth Performance of High Carbon Emitting Enterprise

摘要:

双碳目标背景下,实现低碳发展是我国高碳排放企业高质量成长的必经之路。本文引入碳韧性的新概念,认为碳韧性作为企业应对双碳目标冲击的一种特殊动态能力,能够帮助高碳排放企业实现成长。同时,数字化转型是碳韧性影响高碳排放企业成长的重要机制。基于动态能力理论,实证分析碳韧性对高碳排放企业成长绩效的非线性影响及作用机制,并进一步探究数字化转型阶段异质性对高碳排放企业的影响。结果表明:碳韧性对高碳排放企业成长绩效存在“U”型影响,即随着碳韧性水平的提升,碳韧性对高碳排放企业成长绩效的影响呈现出先降低后升高的非线性变化趋势;数字化转型在碳韧性与高碳排放企业成长绩效中发挥中介作用。进一步研究发现,数字化转型阶段处于单点夯实深耕和全面集成重构的高碳排放企“U”型关系更为显著。研究结论深化了碳韧性与高碳排放企业成长绩效之间关系的理解,为高碳排放企业实现成长提供重要参考,也为引导高碳排放企业有效提升数字化转型成效提供新思路。

Abstract:

In the context of the dual carbon goals, achieving low-carbon development is a necessary path for high carbon emitting nterprises to achieve high-quality growth in China. Carbon resilience was introduced as a new concept. It is argued that carbon resilience, as a special dynamic capability for enterprises to cope with the impact of the “dual carbon” goals, can help high carbon emitting enterprises achieve growth. Digital transformation is identified as a vital mechanism through which carbon resilience affects the growth of high carbon emitting enterprises. Based on the dynamic capabilities theory, the nonlinear impact of carbon resilience on the growth performance of high carbon emitting enterprises and its mechanism of action were empirically analyzed. The impact of the heterogeneity of digital transformation stages on high carbon emitting enterprises is further explored. The results show that carbon resilience has a “U-shaped” impact on the growth performance of high carbon emitting enterprises. As the level of carbon resilience increases, its impact on the growth performance of high carbon emitting enterprises first decreases and then increases in a nonlinear manner. The digital transformation strategy plays a mediating role between carbon resilience and the growth performance of high carbon emitting enterprises. Further research finds that for high carbon emitting enterprises in the digital transformation stages of single-point deepening and comprehensive integration and reconstruction, the “ U-shaped ” relationship is more pronounced. The conclusions deepen the understanding of the relationship between carbon resilience and the growth performance of high carbon emitting enterprises. They provide important references for the growth of high carbon emitting enterprises and offer new ideas for guiding these enterprises to effectively enhance the effectiveness of their digital transformation.