The impact of smart manufacturing demonstration projects on green innovation of Chinese firms: Based on random forest methods

Employing the data of Chinese A-share listed firms from 2010 to 2020 and random forest approaches, this paper investigates whether and how smart manufacturing demonstration projects influence green innovation of firms. The main results are as follows. First, smart manufacturing demonstration projects contribute to promoting firms' green innovation. Additionally, information processing capability improvement, innovation efficiency enhancement, public attention increasement, and signal effect are the main channels that improve firms' green innovation. Finally, the positive effect of smart manufacturing demonstration projects on firms' green innovation is pronounced for capital-intensive firms, and firms in western and eastern regions.