The path to sustainable development: exploring the impact of digitization on industrial enterprises' green transformation in China

Due to the growing momentum of the digital economy and green growth, experts have begun to extensively study the relationship between digitization and the green transformation of industrial enterprises to promote sustainable development goals. Hence, this study empirically discusses the intrinsic mechanisms of digitalization on industrial enterprises’ green transformation by employing a two-way fixed effects model from the perspectives of financing constraints and corporate social responsibility using Chinese A-share listed industrial enterprises from 2011 to 2020. The results illustrate that digitalization is essential in facilitating industrial enterprises’ green transformation. This impact is significant in state-owned enterprises (SOEs) and manufacturing enterprises, whereas non-SOEs, mining, and energy-producing industries play a limited role. Manifestly, digitalization can leverage industrial enterprises’ green transformation by inhibiting financing constraints and increasing corporate social responsibility. These findings provide a theoretical and empirical foundation for comprehending the mechanism of digitalization and green transformation of industrial enterprises.Graphical abstract is mandatory for publication in this journal. Please provide the graphical abstract.File attached Please confirm if the author names are presented accurately and in the correct sequence (given name, family name). Author 3 Given name: [Md. Emran] Last name [Hossain]. Also, kindly confirm the details in the metadata are correct.Confirmed Please drop the affiliation 4. The author is no longer affiliated with this institution.