{"id":"https://openalex.org/W7225003931","doi":"https://doi.org/10.1007/s43621-026-05143-z","title":"Corporate digital transformation improves carbon performance through green innovation and total factor productivity under varying financial conditions","display_name":"Corporate digital transformation improves carbon performance through green innovation and total factor productivity under varying financial conditions","publication_year":2026,"publication_date":"2026-10-31","ids":{"openalex":"https://openalex.org/W7225003931","doi":"https://doi.org/10.1007/s43621-026-05143-z"},"language":"en","primary_location":{"id":"doi:10.1007/s43621-026-05143-z","doi":"https://doi.org/10.1007/s43621-026-05143-z","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s43621-026-05143-z","pdf_url":null,"source":{"id":"https://openalex.org/S4210179043","display_name":"Discover Sustainability","issn_l":"2662-9984","issn":["2662-9984"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","jufo-1","norway-1","poland-20","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Discover Sustainability","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1007/s43621-026-05143-z","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5160242115","display_name":"Zhiyun Lyu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I885383172","display_name":"National University of Malaysia","ror":"https://ror.org/00bw8d226","country_code":"MY","type":"education","lineage":["https://openalex.org/I885383172"]}],"countries":["MY"],"is_corresponding":true,"raw_author_name":"Zhiyun Lyu","raw_affiliation_strings":["UKM-Graduate School of Business, Universiti Kebangsaan Malaysia, 43600 UKM, Bangi, Selangor, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"UKM-Graduate School of Business, Universiti Kebangsaan Malaysia, 43600 UKM, Bangi, Selangor, Malaysia","institution_ids":["https://openalex.org/I885383172"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5071958643","display_name":"Nur Laili Ab Ghani","orcid":"https://orcid.org/0000-0002-9527-7664","observed_orcids":["https://orcid.org/0000-0002-9527-7664"]},"institutions":[{"id":"https://openalex.org/I885383172","display_name":"National University of Malaysia","ror":"https://ror.org/00bw8d226","country_code":"MY","type":"education","lineage":["https://openalex.org/I885383172"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Nur Laili Ab Ghani","raw_affiliation_strings":["UKM-Graduate School of Business, Universiti Kebangsaan Malaysia, 43600 UKM, Bangi, Selangor, Malaysia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"UKM-Graduate School of Business, Universiti Kebangsaan Malaysia, 43600 UKM, Bangi, Selangor, Malaysia","institution_ids":["https://openalex.org/I885383172"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5160242115"],"corresponding_institution_ids":["https://openalex.org/I885383172"],"apc_list":{"value":1390,"currency":"USD","value_usd":1390},"apc_paid":{"value":1390,"currency":"USD","value_usd":1390},"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.8712828,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12958","display_name":"Digital Economy and Transformation","score":0.8330000042915344,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12958","display_name":"Digital Economy and Transformation","score":0.8330000042915344,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10880","display_name":"Environmental Sustainability in Business","score":0.0560000017285347,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10438","display_name":"Energy, Environment, Economic Growth","score":0.052799999713897705,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/business-digitalization","display_name":"enterprise digital transformation","score":0.9909999966621399},{"id":"https://openalex.org/keywords/carbon-performance","display_name":"carbon performance","score":0.9829999804496765},{"id":"https://openalex.org/keywords/green-innovation","display_name":"green innovation","score":0.9819999933242798},{"id":"https://openalex.org/keywords/total-factor-productivity","display_name":"total factor productivity","score":1.0},{"id":"https://openalex.org/keywords/financial-situation","display_name":"financial conditions","score":0.9089999794960022},{"id":"https://openalex.org/keywords/green-credit","display_name":"green credit","score":0.8500000238418579},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.9980000257492065},{"id":"https://openalex.org/keywords/low-carbon-transition","display_name":"low-carbon transition","score":0.9229999780654907},{"id":"https://openalex.org/keywords/green-finance","display_name":"green finance","score":0.8100000023841858},{"id":"https://openalex.org/keywords/state-owned-enterprises","display_name":"state-owned enterprises","score":0.7860000133514404},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.6489999890327454},{"id":"https://openalex.org/keywords/pollution-intensity","display_name":"pollution intensity","score":0.7300000190734863},{"id":"https://openalex.org/keywords/chinese-listed-companies","display_name":"Chinese listed companies","score":0.8320000171661377}],"concepts":[{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.7260000109672546},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.6202999949455261},{"id":"https://openalex.org/C120009192","wikidata":"https://www.wikidata.org/wiki/Q1936153","display_name":"Total factor productivity","level":3,"score":0.6158000230789185},{"id":"https://openalex.org/C63479239","wikidata":"https://www.wikidata.org/wiki/Q7353546","display_name":"Robustness (evolution)","level":3,"score":0.5611000061035156},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5325000286102295},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4480000138282776},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.43560001254081726},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.39399999380111694},{"id":"https://openalex.org/C93225998","wikidata":"https://www.wikidata.org/wiki/Q1941972","display_name":"Moderation","level":2,"score":0.3700999915599823},{"id":"https://openalex.org/C2993150066","wikidata":"https://www.wikidata.org/wiki/Q2491831","display_name":"Green innovation","level":2,"score":0.3582000136375427},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.3488999903202057},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.33719998598098755},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3361999988555908},{"id":"https://openalex.org/C2777463520","wikidata":"https://www.wikidata.org/wiki/Q3077481","display_name":"Porter hypothesis","level":3,"score":0.3353999853134155},{"id":"https://openalex.org/C47737302","wikidata":"https://www.wikidata.org/wiki/Q167336","display_name":"Greenhouse gas","level":2,"score":0.3077999949455261},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.29319998621940613},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.28929999470710754},{"id":"https://openalex.org/C132651083","wikidata":"https://www.wikidata.org/wiki/Q7942","display_name":"Climate change","level":2,"score":0.2696000039577484},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.2680000066757202},{"id":"https://openalex.org/C126082660","wikidata":"https://www.wikidata.org/wiki/Q4252370","display_name":"Digital transformation","level":2,"score":0.2676999866962433},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.26179999113082886},{"id":"https://openalex.org/C151406439","wikidata":"https://www.wikidata.org/wiki/Q186588","display_name":"Time series","level":2,"score":0.2603999972343445},{"id":"https://openalex.org/C48824518","wikidata":"https://www.wikidata.org/wiki/Q396340","display_name":"Agricultural economics","level":1,"score":0.2587999999523163},{"id":"https://openalex.org/C2779200991","wikidata":"https://www.wikidata.org/wiki/Q20681009","display_name":"Carbon price","level":3,"score":0.2574000060558319},{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.25209999084472656},{"id":"https://openalex.org/C2909468537","wikidata":"https://www.wikidata.org/wiki/Q58734","display_name":"Environmental pollution","level":2,"score":0.2513999938964844}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1007/s43621-026-05143-z","doi":"https://doi.org/10.1007/s43621-026-05143-z","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s43621-026-05143-z","pdf_url":null,"source":{"id":"https://openalex.org/S4210179043","display_name":"Discover Sustainability","issn_l":"2662-9984","issn":["2662-9984"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","jufo-1","norway-1","poland-20","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Discover Sustainability","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1007/s43621-026-05143-z","doi":"https://doi.org/10.1007/s43621-026-05143-z","is_oa":true,"landing_page_url":"https://doi.org/10.1007/s43621-026-05143-z","pdf_url":null,"source":{"id":"https://openalex.org/S4210179043","display_name":"Discover Sustainability","issn_l":"2662-9984","issn":["2662-9984"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","jufo-1","norway-1","poland-20","vabb-shw"],"host_organization":"https://openalex.org/P4310319965","host_organization_name":"Springer Nature","host_organization_lineage":["https://openalex.org/P4310319965"],"host_organization_lineage_names":["Springer Nature"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Discover Sustainability","raw_type":"journal-article"},"sustainable_development_goals":[{"score":1.0,"display_name":"Climate action","id":"https://metadata.un.org/sdg/13"},{"score":0.8970999717712402,"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9"},{"score":0.48510000109672546,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W4386525536","https://openalex.org/W4402526723","https://openalex.org/W7128465966","https://openalex.org/W4392510223","https://openalex.org/W4414057190","https://openalex.org/W7203586203","https://openalex.org/W4391569657","https://openalex.org/W4417314367","https://openalex.org/W4410995311","https://openalex.org/W7169780621"],"abstract_inverted_index":{"Against":[0],"the":[1,110,116,132],"background":[2],"of":[3,81,119],"low-carbon":[4,184],"transition":[5],"and":[6,25,45,53,68,84,99,140,151,159,173,182],"increasing":[7],"climate":[8],"governance":[9],"pressure,":[10],"digital":[11,178],"transformation":[12],"(DT)":[13],"has":[14,65],"become":[15],"an":[16],"important":[17],"way":[18],"for":[19,176],"firms":[20,36],"to":[21,39],"improve":[22],"environmental":[23],"performance":[24,51],"support":[26],"green":[27,96,112,180],"development.":[28],"Using":[29],"panel":[30],"data":[31],"from":[32,37],"Chinese":[33],"A-share":[34],"listed":[35],"2012":[38],"2023,":[40],"this":[41,58,163],"study":[42,164],"examines":[43],"whether":[44],"how":[46,54,169],"corporate":[47,183],"DT":[48,64,91,120,170],"improves":[49,92,171],"carbon":[50],"(CP)":[52],"financial":[55,160],"conditions":[56],"shape":[57],"effect.":[59],"The":[60],"results":[61],"show":[62],"that":[63,90,109,131],"a":[66,79],"positive":[67,117],"statistically":[69],"significant":[70],"effect":[71,118,133],"on":[72,121,168],"CP.":[73],"This":[74],"finding":[75],"remains":[76,145],"robust":[77],"after":[78],"series":[80],"robustness":[82],"checks":[83],"endogeneity":[85],"tests.":[86],"Mechanism":[87],"analysis":[88,106,129],"indicates":[89],"CP":[93,172],"by":[94],"promoting":[95],"innovation":[97],"(GI)":[98],"enhancing":[100],"total":[101],"factor":[102],"productivity":[103],"(TFP).":[104],"Moderation":[105],"further":[107],"shows":[108],"firm-level":[111,166],"credit":[113],"ratio":[114],"strengthens":[115],"CP,":[122],"whereas":[123],"financing":[124],"constraints":[125],"weaken":[126],"it.":[127],"Heterogeneity":[128],"reveals":[130],"is":[134],"more":[135],"evident":[136],"among":[137],"non-state-owned":[138],"enterprises":[139],"large":[141],"firms,":[142],"while":[143],"it":[144],"broadly":[146],"observed":[147],"across":[148],"different":[149],"sectors":[150],"pollution":[152],"intensities.":[153],"By":[154],"jointly":[155],"examining":[156],"transmission":[157],"mechanisms":[158],"boundary":[161],"conditions,":[162],"provides":[165],"evidence":[167],"offers":[174],"implications":[175],"coordinating":[177],"upgrading,":[179],"finance,":[181],"transition.":[185]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2026-11-01T00:00:00"}