Based on the theory of new structural economics, this research aims to explore the dynamic correlation among high-quality development, environmental regulation structures, and property rights structures in China’s construction industry. A panel vector autoregressive model (PVAR) is employed to conduct an empirical study of 30 provinces from 2008 to 2022. To further explore regional heterogeneity, K-means clustering is utilized to categorize the country into three types of regions. The results indicate that strict environmental regulation structures have a beneficial effect on the high-quality growth of the construction sector, which is most pronounced in Region III with a lower degree of construction development. Conversely, state-owned ownership structures are an impediment, and their influence is the greatest in Region I with a higher degree of construction development. Additionally, environmental regulation structures and property rights structures demonstrate a certain interactional effect. The dynamic correlation between these indicators varies in distinct regions. Various regions in China should combine their development characteristics and advantages to reasonably adjust environmental regulation structures and property rights structures. This research provides a direction for structural adjustments for the high-quality development of the construction industry.
Against the backdrop of increasing global environmental pollution and energy consumption, green innovation is necessary to achieve green transformation. As an industry with a huge demand for resources and energy consumption, the construction industry shoulders the mission of the times to promote green innovation to enhance the ability of sustainable development. Digital technology provides new opportunities for green innovation in the construction industry. However, the impacts and mechanisms of digital transformation driving green innovation have not been thoroughly studied. In this paper, 121 listed companies in China’s construction industry are selected as a sample from 2011 to 2021, and a total of 1331 annual observations are obtained, and the impact and mechanism of digital transformation on construction enterprises’ green innovation are empirically analyzed by establishing regression models. The study indicates that digital transformation can facilitate green innovation in construction companies by enhancing corporate risk-taking and improving corporate governance. Compared with non-state-owned enterprises, state-owned enterprises have more endogenous incentives for green transformation based on multiple pressures, which to some extent weakens the driving role of digital transformation. The driving effect of enterprises’ digital transformation is more significant when the intensity of regional environmental regulation is high. This paper examines how the digitization of construction enterprises can lead to new greening ideas from the perspective of green innovation. It provides an important theoretical basis and decision-making reference to support the construction industry in its digital transformation and realize the goal of “dual carbon”.
China’s dual-carbon goals require the construction industry to overcome persistent constraints on efficiency, financing, and low-carbon transition, yet how digital inclusive finance and green finance jointly foster new quality productive forces in this sector remains underexplored. Drawing on the socio-technical deep transition framework, this study uses panel data from 30 provincial-level regions of China over 2011–2022 and applies panel vector autoregression, fixed-effects, moderating-effect, panel-threshold, and spatial Durbin models to examine dynamic effects, conditioning mechanisms, threshold effects, and spatial spillovers. Digital inclusive finance exerts a stable positive effect on new quality productive forces in the construction industry, whereas green finance is regionally heterogeneous in the short term but turns promotive over the long term. Coordinated development of the two significantly enhances new quality productive forces, and this effect is stronger in regions with higher economic development and stronger financial regulation; capital misallocation weakens it, while regional innovation capacity strengthens it. Human capital generates a threshold effect, and the coordinated development produces spatial spillovers across neighboring regions. These findings advance a finance-enabled understanding of new quality productive forces in the construction industry and underscore the importance of coordinated financial governance for sustainable industrial transformation and regional development.