Did supply chain digitization contribute to corporate green energy innovation? The mediating role of asset receivable management and policy spillovers

Abstract

In the context of supply chain digitization and green development in full swing, it is crucial to clarify the impact of the former on green energy innovation. Using exogenous shocks deriving from supply chain innovation and application pilot events, this study examines the impact of supply chain digitization on green energy innovation based on the data of Chinese listed companies from 2012 to 2021. The findings show that supply chain digitization significantly enhances corporate green energy innovation and that receivable asset management is a path mechanism for supply chain digitization to drive green energy innovation. Moreover, there is a significant positive intra-city spillover. Supply chain digitization contributes significantly to corporate green energy innovation in state-controlled manufacturing firms with effective internal controls in the eastern region. This study has important policy implications for promoting green energy innovation and accelerating the development of modern supply chain systems.