数字化绿色化协同发展与企业创新韧性
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Synergistic Development of Digital and Green Transformation and Its Impact on Enterprise Innovation Resilience
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    摘要:

    根据战略三脚架理论,企业数字化绿色化协同转型发展(双化协同)能够通过优化企业的资源基础增强企业创新韧性,该作用的发挥受行业特性和区域制度的影响。采用沪深A股上市公司2015—2024年的面板数据分析发现:双化协同显著增强了企业创新韧性,且相比数字化转型和绿色化转型的单独作用产生了乘数效应;双化协同通过吸引耐心资本和提升吸收能力完善企业的资源基础,进而增强企业的创新韧性;行业竞争加剧会强化双化协同对企业创新韧性的增强效应,而知识产权保护强度提高会弱化双化协同对企业创新韧性的增强作用;双化协同显著增强了融资约束较弱企业、进行独立创新企业、国际化企业、成长期及成熟期企业的创新韧性,但对融资约束较强企业、开展合作创新企业、非国际化企业、衰退期企业创新韧性的影响不显著。因此,在积极推进双化协同的同时,政府应培育和壮大耐心资本投资并优化市场生态,企业应持续提升吸收能力,以充分发挥双化协同增强企业创新韧性的积极作用。

    Abstract:

    In an era of intensifying economic uncertainty and increasingly frequent external shocks, maintaining innovation capability, achieving rapid recovery, and even pursuing dynamic transcendence-cultivating innovation resilience—has become a key determinant of sustainable competition and high-quality development for enterprises. At the same time, the synergistic development of digital and green transformation (hereinafter referred to as dual-transformation synergy), which couples and amplifies the effects of digital transformation and green transformation, provides a new strategic pathway for enterprises to cope with uncertainty and enhance innovation resilience. However, existing research mostly explores the independent value of digital or green transformation from a single perspective or focuses on their interaction. Research on the potential value of their synergy remains notably insufficient, with empirical evidence being particularly scarce. In view of this, drawing on the “industry-resource-institution” framework of strategic tripod theory, this paper integrates dual-transformation synergy and enterprise innovation resilience into a unified research framework. Using panel data from Shanghai and Shenzhen A-share listed companies from 2015 to 2024, it systematically examines the impact, mechanisms, and boundary conditions of dual-transformation synergy on enterprise innovation resilience. The research finds that: First, dual-transformation synergy significantly enhances enterprise innovation resilience and exhibits a stronger “multiplier effect” than digital or green transformation alone. This conclusion remains robust after a series of endogeneity and robustness tests. Second, dual-transformation synergy empowers innovation resilience mainly through two mediating pathways: attracting patient capital and enhancing absorptive capacity. Third, industry competition positively strengthens the promoting effect of dual-transformation synergy on innovation resilience, whereas intellectual property protection weakens this positive effect. Fourth, dual-transformation synergy significantly enhances innovation resilience in enterprises with low financing constraints, those pursuing independent innovation, those implementing internationalization strategies, and those in the growth and maturity stages. However, the effect is not significant in enterprises with high financing constraints, those pursuing collaborative innovation, those without internationalization strategies, and those in the decline stage. Compared with existing studies, the marginal contributions of this paper are mainly reflected in three aspects. First, it establishes the theoretical link between dual-transformation synergy and enterprise innovation resilience and confirms the “multiplier effect” advantage of dual-transformation synergy over single transformation pathways, thereby expanding the research boundaries of both fields. Second, based on strategic tripod theory, it identifies two key mediating pathways (patient capital and absorptive capacity) and the moderating roles of industry competition and intellectual property protection, thereby opening the “black box” of how dual-transformation synergy affects enterprise innovation resilience. Third, by testing the heterogeneous effects of dual-transformation synergy across different contexts, it provides practical guidance for enterprises to promote dual-transformation synergy and cultivate innovation resilience according to their specific characteristics. It also offers a reference for governments to optimize market competition environments, improve intellectual property protection systems that balance knowledge flow and innovation incentives, and unlock the dividends of synergistic transformation.

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吴定玉,杨百强,张治觉.数字化绿色化协同发展与企业创新韧性[J].西部论坛,2026,36(3):143-158

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  • 在线发布日期: 2026-07-25