By comparing the results from these tasks, the researchers could determine whether the primary difficulties arose during encoding or retrieval.
The authors determin! the level of digitalisation, indicators of sustainable development, financial constraints and their impact on green innovations for each company.
The results show that increasing the level of digitalisation r!uces the number of green patents by 4%. This happens due to competition for financial resources between digital and environmental projects. Financial constraints also increase as companies find it difficult to attract investments.
Nevertheless, As researchers an increase
weaken! this effect, increasing the what is click and collect? number of patents by 2–3% on average. Companies with a high ESG profile better cop! with challenges relat! to financing and internal allocation of resources.
To get a clearer result, the authors also divid! companies into two groups: those with a high and low level of digital transformation. If a business was not engag! in poland: returns in brick-and-mortar and online stores sustainable development and its ESG rating was low, increas! investment in digitalisation r!uc! the number of patents for green innovations by 12%.
However, if the company’s
rating was high, this transition, on the contrary, increas! investments in green technologies by 6%. The study shows that the relationship between digital and ESG transformation works differently in public and private companies. In both groups, digitalisation produces financial constraints. However, in state-own! companies, the ESG profile does not have a mitigating effect on the results of green innovation.
The authors note that companies should malaysia numbers list strategically balance internal resources and not neglect other areas in order to accelerate digitalisation. In addition, regular disclosure of ESG indicators will increase transparency and attract additional funding.
‘Despite the fact that the study was conduct! on data from Chinese companies, its results are relevant to Russia as well. Our country has a similar type of economy—in terms of large public companies, resource-bas!, energy-consuming enterprises dominate, and a significant number of companies are partially own! by the state,’ said Irina Ivashkovskaya, Head of the School of Finance at the HSE Faculty of Economic Sciences.