Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Growth, technology, and the green transition Location: Lab 1 Session Chair: Larissa de Lima Almeida, Leiden University | |
| Presentation 1 | |
The Impact of Twin Transition on Firms’ Business Performance: Empirical Evidence from Korean Manufacturing Firms 1: George Mason University, United States; 2: KDI School of Public Policy and Management, Korea, Republic of (South Korea) The objective of this study is to empirically examine the impact of the joint adoption of eco-innovation and digital technologies—so-called “twin” transition—on firms’ sales performance in the Korean manufacturing sector. The analysis, which uses data from the Korea Innovation Survey 2022 and employs propensity score matching techniques, shows significant positive effects on sales for firms that adopt both eco-innovation and digital technology compared to nonadopters. Specifically, the average treatment effect on the treated firms was estimated to range between 38% and 46%. We also found that significant sales increase for firms that combined eco-innovation with big data, cloud computing, or 5G telecommunications. These findings highlight the strategic importance of firms that integrate eco-innovation with such technologies that can enhance their business performance. This research underscores the need for policies and incentives that support sustainable growth and competitive advantage by promoting the joint adoption of eco-innovations and emerging digital technologies. | |
