The Sustainable Development Effects of Collaborative Green Transformation in Enterprises: A Dual Pathway based on Policy Empowerment and Resource Reconstruction

Yan Chen; Dongfeng Zhang

doi:10.54691/qtf4x056

Authors

Yan Chen
Dongfeng Zhang

DOI:

https://doi.org/10.54691/qtf4x056

Keywords:

Digital Green Transformation Synergy; Sustainable Development Performance; Strategic Synergy Theory; Local Low-Carbon Policies.

Abstract

Against the backdrop of the “dual carbon” goals and global sustainable development, the synergistic transformation of digitalization and greenification has become a key factor for enterprises to break through development bottlenecks. This paper, based on strategic synergy theory, uses 1,659 Chinese A-share listed companies from 2011 to 2021 as a sample. It employs the entropy method and the coupling coordination degree model to measure the level of synergy in enterprises' digital and green transformation. Through a two-way fixed effects model, it empirically tests the influence mechanism and the moderating effect of local low-carbon policies. The findings reveal: (1) The essence of corporate digital-green transformation synergy lies in the dynamic adaptation and resource complementarity between digitalization capabilities and green capabilities, forming a mutually reinforcing strategic synergy relationship; (2) Corporate digital-green transformation synergy significantly enhances economic performance and environmental and social responsibility performance, with optimized resource allocation efficiency serving as the key pathway; (3) There is a positive relationship between the intensity of local low-carbon policies and the promotion of sustainable development through enterprise digital-green transformation coordination. This study enriches the theoretical framework of enterprise “dual transformation” coordination and provides references for government policy formulation and enterprise sustainable development.

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