Interlocking director networks and corporate digital transformation: evidence from China DOI
Jinghan Zhang, Hang Zhou, Xinrui Zhang

et al.

International Journal of Emerging Markets, Journal Year: 2024, Volume and Issue: unknown

Published: Dec. 24, 2024

Purpose This study investigates the role of interlocking director networks (IDN) in driving corporate digital transformation (CDT) and explores moderating agency costs, diversification financial distress. Design/methodology/approach The analysis uses data from Chinese A-share listed companies on Shanghai Shenzhen stock exchanges 2006 to 2021. A two-way fixed-effects model is employed assess impact IDNs CDT. Findings results indicate that positively affect Furthermore, this effect enhanced by costs distress, while acts as a negative moderator. Originality/value Informal institutions such play significant governance China’s relational society. focuses influence informal transformation, expanding understanding economic consequences enriching literature factors influencing transformation.

Language: Английский

The mechanism of supply chain efficiency in enterprise digital transformation and total factor productivity DOI
Yuqiang Teng, Min Du, Boqiang Lin

et al.

International Review of Financial Analysis, Journal Year: 2024, Volume and Issue: unknown, P. 103583 - 103583

Published: Sept. 1, 2024

Language: Английский

Citations

17

Digital transformation, green technology innovation and corporate value DOI Creative Commons
Lijuan Zhang, Zirui Song

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: Feb. 5, 2025

One of the key factors influencing corporate sustainable development is green technology innovation (GTI). Our study intends to explore how digital transformation impacts value through GTI. We use panel data from A-share publicly listed firms in China spanning 2012 2022 as our sample. employ textual analysis extract keywords correlated annual reports, and construct an indicator evaluate corporates. findings show that significantly enhances enterprise by improving innovation. Furthermore, market competition credit moderate mediated relationship between value. Additionally, heterogeneity tests indicate has a more significant influence on enhancement for heavily polluting corporates, non-high-tech smaller This research offers important recommendations practitioners advancing business practices provides policy environmental protection development.

Language: Английский

Citations

1

Exploring the Role of Digital Economy in Enhanced Green Productivity in China’s Manufacturing Sector: Fresh Evidence for Achieving Sustainable Development Goals DOI Open Access
Fengyu Zhao, Ziqing Xu, Xiaowen Xie

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(10), P. 4314 - 4314

Published: May 20, 2024

Confronted with challenges such as escalating demand, expanding energy consumption, and emissions, China’s manufacturing sector stands at a pivotal juncture on its path towards sustainable development. Against the backdrop of new wave technological revolution industrial transformation, exploring how digital economy can foster growth in green total factor productivity (GTFP), particularly amidst diversification, holds significant importance for realizing development objectives. This study employs system generalized method moments (System GMM), encompassing 30 provinces China, to delve deeply into notable dynamic correlation between index GTFP. The findings reveal that advancement significantly influences GTFP, underscoring direct enduring impact productivity. Key mechanisms through which promotes are identified, including resource optimization, innovation, data-driven decision making, transformation environmentally behaviors. By bridging gaps existing literature, this integrates economic environmental perspectives, emphasizing necessity formulating innovation policies aligned It provides richer insights role enhancing accentuating potential technologies driving transformation. With holistic approach, combines efficiency sustainability, offering crucial guidance policymakers industry stakeholders crafting strategies.

Language: Английский

Citations

4

How does media attention affect corporate credit asset allocation efficiency? DOI

Peng Cao,

Huang Rong

Finance research letters, Journal Year: 2025, Volume and Issue: unknown, P. 106856 - 106856

Published: Jan. 1, 2025

Language: Английский

Citations

0

Differential effects of digital transformation on the profitability and marketability of manufacturing firms DOI
X.H. Zhang,

Longsheng Yin,

Feng Wang

et al.

Marketing Intelligence & Planning, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 14, 2025

Purpose Despite the growing importance of digital transformation, few studies have investigated its precise effects on firm efficiency. This research explores differential transformation profitability and marketability manufacturing firms. Design/methodology/approach We analyze relationship between efficiency using a dataset Chinese-listed firms from 2011 to 2023. Findings The results indicate that improves has U-shaped with profitability. Moreover, industry competition amplifies positive effect but attenuates In contrast, media coverage Originality/value While existing conclusion about is inconsistent, this enriches literature provides insights for improving in terms both marketability.

Language: Английский

Citations

0

Does the National Big Data Comprehensive Experimental Zone Pilot Policy Effectively Promote the ESG Performance of Firms? Evidence From Listed Firms in China DOI Open Access
Jun Li, Ying Wang,

Shizhi Liang

et al.

Managerial and Decision Economics, Journal Year: 2025, Volume and Issue: unknown

Published: March 3, 2025

ABSTRACT Enhancing firms' ESG performance has become an important issue for promoting sustainable economic development. Nowadays, the application of big data technology may have a significant impact on performance, but research in this area remains relatively insufficient. Based quasi‐natural experiment national comprehensive experimental zone pilot policy (NBDCEZs) China, study employs panel from 1383 Chinese nonfinancial listed firms 2009 to 2022. We utilize difference‐in‐differences (DID) method explore development performance. The results indicate that implementation NBDCEZs positive effect enhancing mechanism analysis suggests effectively improves by strengthening information disclosure quality and alleviating financing constraints. Additionally, heterogeneity finds effects are more pronounced state‐owned firms, with higher financial risk, regions lower levels informatization. This provides insights policymakers business decision‐makers era digital economy.

Language: Английский

Citations

0

The Impact of Enterprise Digital Transformation on ESG Performance: Evidence from China DOI Open Access
Hong Zhang, Jiehua Liu,

Jiang He

et al.

Managerial and Decision Economics, Journal Year: 2025, Volume and Issue: unknown

Published: March 6, 2025

ABSTRACT Beyond improving financial performance, enterprise digital transformation (EDT) also contributes to social and environmental well‐being. This study aims investigate the impact mechanism of EDT on environmental, social, governance (ESG) performance applies fixed‐effects model regress panel data Chinese listed companies from 2009 2022. We find that promotes ESG by optimizing internal controls information disclosure quality, with blockchain contributing more prominently. positive effect is significant among enterprises are state‐owned, larger, polluting. Further analysis shows improves leads value increase financing constraint alleviation. Our findings guide governments actively promote EDT, facilitate green low‐carbon transitions, incentivize practices.

Language: Английский

Citations

0

The impact of digital transformation on the efficiency of corporate resource allocation: Internal mechanisms and external environment DOI
Li Jiang, Bin Li, Min Zhang

et al.

Technological Forecasting and Social Change, Journal Year: 2025, Volume and Issue: 215, P. 124107 - 124107

Published: March 23, 2025

Language: Английский

Citations

0

The Impact of ESG Performance on Green Technology Innovation: A Moderating Effect Based on Digital Transformation DOI Open Access
Xu Chen,

Yu He

Sustainability, Journal Year: 2025, Volume and Issue: 17(7), P. 3170 - 3170

Published: April 3, 2025

Corporate environmental, social, and governance (ESG) performance has emerged as a critical focus of societal academic interest. This study employs an empirical analysis utilizing sample Chinese A-share listed companies to investigate the relationship between ESG green technology innovation. The results demonstrate that significantly enhances innovation, with digital transformation acting moderating variable in this relationship. Furthermore, reveals corporate social responsibility internal mechanisms exert more substantial influence on innovation compared other dimensions. Notably, impact is pronounced among firms non-polluting industries those operating regions characterized by higher levels marketization.

Language: Английский

Citations

0

Spatial–temporal evolution, drivers, and pathways of the synergistic effects of digital transformation on pollution and carbon reduction in heavily polluting enterprises DOI Creative Commons

Wei Mai,

Lixin Xiong,

Bo Liu

et al.

Scientific Reports, Journal Year: 2025, Volume and Issue: 15(1)

Published: April 8, 2025

Abstract Under the “dual carbon” goals, heavily polluting enterprises face dual pressures to reduce both pollution and carbon emissions, necessitating urgent exploration of effective pathways for coordinated emission reductions. This study investigates potential digital transformation in achieve synergistic First, entropy method is employed measure enterprise digitalization pollutant levels, spatial–temporal evolution characteristics regional reductions are analyzed. Subsequently, using panel data from Yangtze River Economic Belt, examines impact on reduction, its underlying mechanisms, moderating effects environmental policies these relationships. Robustness tests confirm synergy between emissions. The findings reveal that contributes reduction emissions enterprises, primarily through two pathways: integration internal innovation resources collaborative engagement external networks. Furthermore, air control low-carbon city initiatives significantly enhance digitalization. Interestingly, located downstream regions River, those with smaller operational scales, or facing strong financing constraints, demonstrate more pronounced transformation. Based conclusions, we recommend governments focus strengthening either “pollution reduction” “carbon policies, as alone can yield benefits. Additionally, tailoring local conditions maximize economic

Language: Английский

Citations

0