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Business & Management Studies


TECHNOLOGY-ENABLED BUSINESS MODEL INNOVATION AND CARBON EMISSION REDUCTION:
EVIDENCE FROM A PLACE-BASED POLICY IN CHINA

Posted by Staff on July 19, 2024
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Accounting & Finance


DYNAMIC MARKET RISK OF GREEN STOCKS ACROSS REGIONS: WHERE DOES THE DEVIL LIE?

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This study suggests that companies should be encouraged to adopt
technology-enabled business model innovations to promote low-carbon development.

Authors

Hongshan Ai, School of Economics and Trade, Hunan University, 109 Shijiachong
Rd., Yuelu District, Changsha, China.

Sachin Kumar Mangla, Professor, Jindal Global Business School, O.P. Jindal
Global University, Sonipat, Haryana, India.

Malin Song, Collaborative Innovation Center for Ecological Economics and
Management, Anhui University of Finance and Economics, 962 Caoshan Rd, Longzihu
District, Bengbu, 233030, China.

Xiaoqing Tan, School of Economics and Trade, Hunan University, 109 Shijiachong
Rd., Yuelu District, Changsha, China.

Shangfeng Zhang, School of Statistics and Mathematics, Zhejiang Gongshang
University, 18 Xuezheng Road, Qiantang District, Hangzhou, 310018, China.

Summary

Technology-enabled business model innovations (BMIs) are gaining increasing
attention. However, the effects of technology-enabled BMIs on sustainable
development have not been fully investigated. Using the implementation of the
National Big Data Comprehensive Pilot Zone (NBDCPZ) policy as a
quasi-experiment, this paper analyzes the impact of technology-enabled BMIs on
the carbon emissions in China.

Our results indicate that the NBDCPZ policy significantly increases
technology-enabled BMIs and reduces carbon emissions. These results remain
consistent after conducting a series of robustness tests. Furthermore, we find
that the reduction in carbon emissions is greater in western and northeastern
cities or cities with stricter environmental regulations, ample higher education
resources, or less reliance on natural resources.

An analysis of the mechanisms indicates that the NBDCPZ policy improves energy
structure and efficiency, further reducing carbon emissions. This study suggests
that companies should be encouraged to adopt technology-enabled BMIs to promote
low-carbon development.

Published in: Technovation

To read the full article, please click here.

STAFF

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Accounting & Finance


DYNAMIC MARKET RISK OF GREEN STOCKS ACROSS REGIONS: WHERE DOES THE DEVIL LIE?

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