The impact of industrial internet platform on green innovation: Evidence from a quasi-natural experiment

Industrial internet is an effective means to realize the green development of manufacturing industry. Whether the industrial Internet platform can improve the green innovation performance of enterprises is a very significant issue. Based on the Internet platform empowerment theory, this paper takes the industrial internet pilot demonstration project released annually by the Ministry of Industry and Information Technology in 2018–2021 as a quasi-natural experiment. By selecting the data of listed companies from 2011 to 2021 as research samples, this paper explores the impact of industrial Internet platforms on enterprises' green innovation performance. The findings indicate that the industrial internet platform dramatically improves enterprises’ green innovation performance. And we also find that the impact of industrial internet platforms has greatly boosted the green innovation performance the enterprises with medium-and large-scale and situated in the first tier and new first tier cities.