Driving Green Transformation in Equipment Manufacturing Enterprises: The Role of Digital Technologies

Abstract

As digital technologies are increasingly applied in the equipment manufacturing industry, they play an increasingly important role in the green transformation of business development models. Digital technologies have gradually become a key driving force behind the green transformation and development of equipment manufacturing enterprises. Using empirical data from 2013 to 2022 on publicly listed equipment manufacturing companies in China’s A-share market, this study explores the mechanisms through which digital technologies influence the green transformation of these enterprises. The empirical results show that the application of digital technologies in equipment manufacturing enterprises effectively promotes their green transformation. Mechanism tests reveal that digital technologies contribute to green transformation through channels such as fostering green innovation and optimizing the market environment. The findings provide empirical support for the green transformation of equipment manufacturing enterprises. These companies should further enhance their application of digital technologies, while the government should actively introduce relevant supportive policies to create a favorable market environment, strengthen digital infrastructure, and provide extensive support for the application of digital technologies, thereby promoting the coordinated advancement of digital and green transformations in enterprises.