Keywords
ESG performance, digital transformation, financing constraints, analysts' attention
Abstract
Based on the realistic background of “dual carbon” target, this paper takes A-share manufacturing listed companies from 2015 to 2020 as research samples to explore the impact of digital transformation on enterprise ESG performance and its mechanism. The research results show that the digital transformation has a significant enabling effect on ESG responsibility, which can significantly improve the ESG performance of enterprises, and is more significant in state-owned holding enterprises and enterprises with less managerial ownership. The results of the influencing mechanism show that digital transformation improves the ESG performance of enterprises by alleviating financing constraints and expanding analysts’ attention. Further, the conclusions are still valid after replacing indicators, Sobel and Bootstrap test, changing models and endogeneity test. The research conclusion not only provides a new research perspective for driving enterprises to actively fulfill ESG responsibilities, but also provides strong empirical evidence for enterprises to promote digital transformation.
DOI
10.16315/j.stm.2022.04.007
Recommended Citation
HAO, Yu-ting and ZHANG, Yong-hong
(2022)
"Research on the influence of digital transformation on enterprise ESG performance under the “double carbon” goal,"
Journal of Science and Technology Management: Vol. 24:
Iss.
4, Article 8.
DOI: 10.16315/j.stm.2022.04.007
Available at:
https://jstm.researchcommons.org/journal/vol24/iss4/8
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
