A Study on the Impact of Digital Transformation on Corporate ESG Performance: The Mediating Role of Green Innovation

Sustainability, Год журнала: 2023, Номер 15(8), С. 6568 - 6568

Опубликована: Апрель 12, 2023

Corporate performance in ESG has received increased attention; however, the discussion on how digital development will affect corporate practice of needs to be deepened. This paper discusses impact transformation using multiple linear regressions with STATA 17.0 for 2707 companies listed China A-shares period 2010–2021. Based principal–agent theory, resource-based theory and signaling study finds that can improve performance. From an external perspective, contribution diminishes when environmental uncertainty increases; from internal positive effect is more significant larger-scale enterprises. In addition, further enhance by promoting green innovation, i.e., innovation a mediating role relationship between two factors. The findings introduce new thinking factors influence performance, advance relevant research provide important references managers government departments who are concerned about make appropriate decisions.

Язык: Английский

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Green Finance Policy and ESG Performance: Evidence from Chinese Manufacturing Firms

Sustainability, Год журнала: 2023, Номер 15(8), С. 6781 - 6781

Опубликована: Апрель 17, 2023

While the literature has examined key role of green finance policy on firms’ innovation and environmental performance, little attention been paid to environmental, social, governance (ESG) which is increasingly important stakeholders. Exploiting heterogeneity in exposure pilot zones China 2017 as a quasi-natural experiment, this paper employs difference-in-differences model explore effect ESG performance. Based data listed manufacturing firms during 2013–2020, our results indicate that could promote Moreover, overall positive driven mainly by pillar. Utilizing subsample estimation triple differences method, we further find higher performance with less financial constraints, economically more developed zones, state-owned enterprises (SOEs). Mechanism analysis indicates promotes even if it worsens constraints. Our study contributes research both impacts relationship between constraints well structure.

Язык: Английский

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Government environmental protection expenditure and national ESG performance: Global evidence

Innovation and Green Development, Год журнала: 2023, Номер 3(2), С. 100117 - 100117

Опубликована: Ноя. 27, 2023

Drawing on comprehensive indicator data of national ESG performance across 27 countries from 2006 to 2020, this study employs a panel Tobit model examine the impact government environmental protection spending performance. The results demonstrate that has significant and positive effect Moreover, analysis heterogeneity indicates allocation funds towards not only bolsters ecological societal nation, but also elevates its governance standards. Additionally, mechanism highlights augmenting leads an upsurge in green innovation, which turn This offers crucial insights into factors drive performance, specifically through lens protection. It provides valuable guidance policy makers how optimize such enhance

Язык: Английский

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Impact of Innovation-Oriented Human Resource on Small and Medium Enterprises’ Performance

Sustainability, Год журнала: 2023, Номер 15(7), С. 6273 - 6273

Опубликована: Апрель 6, 2023

This research paper aims to examine the impact of innovative HRM practices, including employee participation, performance appraisal, reward and compensation, recruitment selection, redeployment–retraining on firm performance. For this purpose, four different models are utilized department practices small medium enterprises (SMEs) in a country. The dependent variable, performance, is proxified by variables such as labor productivity, product innovation, process marketing innovation. empirical analysis, primary data collected using questionnaire. Estimation conducted ordinary least squares (OLS) logit regression techniques. estimated results indicate that most have statistically significant terms product, process, innovations. These imply SMEs country may observe benefits devoting greater attention achieve their future growth potential.

Язык: Английский

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Intelligent manufacturing policy, ESG performance, and total factor productivity: Evidence from China

PLoS ONE, Год журнала: 2025, Номер 20(2), С. e0311369 - e0311369

Опубликована: Фев. 3, 2025

Under the global wave of intelligence, intelligent manufacturing has become a crucial means transforming and upgrading China’s industry. Accurate evaluation implementation effects industry policies is an urgent issue. This study uses introduction “Made in China 2025” policy as quasi-natural experiment employs difference-in-differences method to investigate impact on firms’ total factor productivity (TFP) its mechanisms. These results indicate that implementing significantly enhances TFP. Mechanism analysis reveals can improve ESG performance by enhancing green technology innovation capabilities, increasing capital market attention, reducing internal control costs, thereby Heterogeneity finds have more pronounced effect promoting TFP large-scale enterprises, labor-intensive firms with higher technical employee levels, companies highly competitive industries, enterprises regions levels digital infrastructure development lower economic compared their counterparts. provides evidence how drive high-quality sustainable offers insights for future formulation implementation.

Язык: Английский

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The role of digitalization and ESG on financial performance: An empirical analysis on the Energy and Utilities sectors

PLoS ONE, Год журнала: 2025, Номер 20(2), С. e0314078 - e0314078

Опубликована: Фев. 27, 2025

In recent years authorities and regulators around the world are showing great interest in concept of sustainability. Sustainable practices a growing phenomenon there is increasing research on correlation between Environmental, Social Governance (ESG) corporate financial performance (FP). parallel with focus ESG, digitalization has gained pivotal role business environment. The paper wants to investigate relationship ESG factors performance. Moreover, it tries understand how influences that relationship. We use panel data regression using pooled ordinary least squares, fixed effects or squares dummy variables. covered by our study consists sample listed companies belonging Energy Utilities sectors observed from year 2019 2021. particular, set includes indicators closely related profitability, sustainability an indicator as proxy digitalization. results provide interesting insights can moderate profitability goals within environment, especially exists profit. suggest integration organizations positively affects FP because strong proposition enables businesses grow both existing new markets. findings further support need invest since they show substantial gain efficiency, which eventually boost revenues. minimization social cost and, more generally, well-being. contribute literature studying moderating investments digital technologies context sustainability, whether not accelerate impact profitability.

Язык: Английский

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How Can We Improve the ESG Performance of Manufacturing Enterprises?—The Carbon Resilience Perspective

Sustainability, Год журнала: 2025, Номер 17(6), С. 2350 - 2350

Опубликована: Март 7, 2025

In the context of low-carbon transformation, manufacturing enterprises are facing great pressures, and they need to improve their capability in order successfully respond these changes achieve sustainable development. Based on concept organizational resilience, this paper proposed carbon representing ability an organization keep stable, adapt, evolve transformation tried explore role resilience enterprises’ environment, social, governance performance (ESG performance) conditional roles coercive pressure, normative mimetic pressure between companies. Empirical research selected data Chinese A-share-listed companies 2012 2021 as samples. Using regression analysis method, theoretical model was verified. The results show that can promote ESG performance. Moreover, relationship performance, whereas inhibits relationship. This study provides managerial implications for government, society, enterprises, especially laying out a realistic approach improving from perspective resilience.

Язык: Английский

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Can green credit policies improve corporate ESG performance?

Sustainable Development, Год журнала: 2023, Номер 32(3), С. 2678 - 2699

Опубликована: Ноя. 3, 2023

Abstract Green credit policy, as an environmental regulation instrument in the financial sector, is gradually having impact on corporate performance environmental, social, and governance (ESG). Based implementation of Credit Guidelines this paper investigates green policies ESG from 2011 to 2019 using double‐difference propensity score matching method (PSM‐DID) Heckman two‐stage method, a sample A‐share listed companies. It was found that effectively improved firms credit‐restricted industries relative non‐green industries. further mainly due increased focus executives, while incremental effect strengthened by quality quantity technology innovation. Finally, heterogeneity analysis reveals boosting policy enterprises more prominent with analyst attention, less financially developed regions private ones. How leverage dividend enhance enterprises, refine, improve help enterprises' sustainable development are most direct implications paper.

Язык: Английский

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Unlocking Dividend Potential Through the Power of Sustainable Disclosures: Moderating Role of Financial Constraints

Business Strategy and the Environment, Год журнала: 2025, Номер unknown

Опубликована: Янв. 20, 2025

ABSTRACT Based on signalling and stakeholder theory, this research empirically explores the relationship between sustainability disclosure by firms their dividend payouts in emerging economies. Various measures such as likelihood of paying dividends, stability disbursed, payout ratio yield are employed to test hypotheses. Panel dataset covering from 16 economies spanning 2015 2022 is analysed using Logit model, Tobit model Random Effect model. The findings demonstrate a favourable ESG scores firms. Higher associated with greater higher payments, ensuring these payments delivering implied shareholder returns through yield. These effects more pronounced for under financial constraints. Importantly, results remain robust across various sensitivity analyses involving alternative measures, estimation methods instrumental variable regression. hold implications investors, managers policymakers, offering valuable insights companies structure initiatives. By examining integrating corporate finance sustainability, study introduces novel nonfinancial driver payouts, thus marking pioneering contribution ESG‐dividend literature nations.

Язык: Английский

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How do smart city pilots affect the ESG performance of manufacturing firms? evidence from China

Frontiers in Environmental Science, Год журнала: 2024, Номер 11

Опубликована: Янв. 8, 2024

Introduction: The existing literature extensively covers factors influencing environmental, social, and governance (ESG) performance. However, there’s a lack of studies exploring the relationship between smart cities ESG This gap is surprising, particularly considering significant role that governments in developing countries play leading city initiatives. Methods: As impact pilot (SCP) policies, initiated by governments, on performance manufacturing firms lacks verification, our study leverages SCP as quasi-experiment to examine effects development this Data was collected from 2,229 listed China 2009 2020. Results: Our findings indicate substantial increase among due implementation. Heterogeneity analysis reveals positive influence primarily advantageous for non-state-owned enterprises. Geographically, significantly enhances corporate eastern central China, with more muted observed western region. Two key mechanisms driving enhancement are promotion green innovation investment improvement internal control quality. Discussion: paper provides valuable insights policymakers business leaders other emerging economies. It guides them fortifying performance, thereby facilitating sustainable growth.

Язык: Английский

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