Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Corporate Social Responsibility and Environmental Management, Год журнала: 2023, Номер 30(6), С. 3189 - 3202

Опубликована: Июнь 12, 2023

Abstract Digital transformation is globally pervasive, and exploring how it can shape enterprises' sustainable development significant. Using the panel data of 710 listed corporates in China from 2011 to 2020, this paper empirically investigates impact digital on corporate Environmental, Social Governance (ESG) performance with fixed effect model SYS‐GMM method. The results indicate that significantly improves ESG performance, especially environmental social performance. A looser financing constraint (FC) environment will make improvements more visible. Among low FCs, private corporates, non‐technical has a noticeable improving by easing FCs. Our research presents implications for policymakers business decision‐makers achieve alignment between digitalization sustainability.

Язык: Английский

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Digital economy, industrial structure upgrading, and residents' consumption: Empirical evidence from prefecture-level cities in China

International Review of Economics & Finance, Год журнала: 2024, Номер 92, С. 1045 - 1058

Опубликована: Фев. 21, 2024

Язык: Английский

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Firm digital transformation and corporate performance: The moderating effect of organizational capital

Finance research letters, Год журнала: 2024, Номер 61, С. 105032 - 105032

Опубликована: Янв. 26, 2024

We use textual analysis to measure corporate digital transformation by the frequency of terms in firm 10-K report. then show that this score (DGS) is associated with value. Importantly, we organizational capital, quality governance, information quality, and IPO age play non-negligible roles shaping value creation transformation. Our fresh evidence indicates firms need enhance their benefit from efforts.

Язык: Английский

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Digital transformation, external financing, and enterprise resource allocation efficiency

Managerial and Decision Economics, Год журнала: 2024, Номер 45(4), С. 2321 - 2335

Опубликована: Фев. 17, 2024

Abstract In a highly informative society, digital transformation has become new driving force to enhance enterprise competitiveness and promote high‐quality economic development. This paper examines the impact of on firms' resource allocation efficiency using sample Chinese A‐share listed companies in manufacturing industry from 2007 2019. The research findings are as follows: significantly improved efficiency. Mechanisms suggest that enhances by attracting external financing, both equity debt financing. Furthermore, contribution is more pronounced eastern region, high‐tech industries, non‐state‐owned enterprises. provides evidence for exploring effective paths improve perspective. It significant accelerating achieving cost reduction enhancement.

Язык: Английский

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How does the digital transformation of corporates affect green technology innovation? An empirical study from the perspective of asymmetric effects and structural breakpoints

Journal of Cleaner Production, Год журнала: 2023, Номер 428, С. 139245 - 139245

Опубликована: Окт. 10, 2023

Язык: Английский

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Impact of CEO overconfidence on enterprise digital transformation: Moderating effect based on digital finance

Finance research letters, Год журнала: 2023, Номер 59, С. 104688 - 104688

Опубликована: Ноя. 4, 2023

Язык: Английский

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Towards sustainability: How does the digital-real integration affect regional green development efficiency?

Economic Analysis and Policy, Год журнала: 2024, Номер 83, С. 42 - 59

Опубликована: Июнь 12, 2024

Язык: Английский

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Are digital trends driving corporate environmental, social, and governance practices? Evidence from China

Business Strategy and the Environment, Год журнала: 2024, Номер 33(6), С. 5366 - 5385

Опубликована: Апрель 3, 2024

Abstract This paper aims to explore whether the trend of digital transformation is driving companies engage in environmental, social, and governance (ESG) practices. The impact strategic on firms all‐encompassing, making it difficult capture mechanisms corporate ESG To this end, we construct a new theoretical framework that combines slack resources stakeholder theory. attributes heterogeneity practices differences ability willingness companies. Using data from Chinese listed companies, find improving performance. mechanism increases availability long‐term strengthens connection with stakeholders. However, there insufficient evidence contributes greater transparency disclosure. We also effect larger for less risk‐responsiveness international connections, but smaller political connections. Our findings affirm advantages contemporary trends offer investigate factors influencing

Язык: Английский

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Digital transformation of enterprises: Job creation or job destruction?

Technological Forecasting and Social Change, Год журнала: 2024, Номер 208, С. 123733 - 123733

Опубликована: Сен. 2, 2024

Язык: Английский

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Digital transformation of enterprises promotes green technology innovation – The regulated mediation model

Technological Forecasting and Social Change, Год журнала: 2024, Номер 209, С. 123812 - 123812

Опубликована: Окт. 31, 2024

Язык: Английский

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