Research on the Nonlinear Effect of Digital Transformation Rate on Enterprise ESG Performance

Yuying Cui; Zihui Wang

doi:10.6981/FEM.202503_6(3).0022

Authors

Yuying Cui
Zihui Wang

DOI:

https://doi.org/10.6981/FEM.202503_6(3).0022

Keywords:

Digital Transformation Rate; ESG; Green Innovation; Inverted U-shaped.

Abstract

ESG is a key factor driving enterprise sustainability and a core indicator of long-term business value and social responsibility. In the digital economy, it is meaningful to discuss the relationship between the rate of digital transformation and enterprise ESG performance. This paper takes A-share listed companies in Shanghai and Shenzhen from 2010 to 2023 as samples, and adopts an empirical research method, and finds that the relationship between the rate of digital transformation and the ESG performance of enterprises is “inverted U-shape”. The study also points out that green innovation is a mechanism that has a more salient effect on non-state-owned companies, high-tech firms and enterprises in the eastern region.

Downloads

Download data is not yet available.

References

[1] Li Linghan,Li Lei. Digital transformation, green technology innovation and corporate ESG performance [J]. Statistics and Decision Making, 2024, 40 (17): 161-166.

[2] Li S.H.,Xu B.C.. Entity Breakout: ESG Performance and Corporate Industrial Investment [J]. Modern Economic Discussion, 2024, (10): 76-90.

[3] Liu Xuexin,Cao Chengzi. Theoretical Logic and Practical Path of ESG Enabling New Quality Productivity [J]. Economic and Management Research, 2024, 45 (11): 3-13.

[4] KARIMI J, WALTER Z. The role of dynamic capabilities in responding to digital disruption:a factor-based study of the newspaper industry[J]. Journal of management information systems,2015, 32(1):39-81.

[5] Ancarani A, Di Mauro C, Mascali F. Backshoring strategy and the adoption of Industry 4.0: Evidence from Europe[J]. Journal of World Business, 2019, 54(4): 360-371.

[6] Zhu Changning,Li Hongwei. Research on the Impact Mechanism of Digital Transformation on the High Quality Development of Enterprises-Evidence from Chinese A-share Listed Manufacturing Enterprises [J]. Economic Issues, 2024, (09): 78-86+110.

[7] WANG Yiqi, LEI Ting, DONG Haojuan. Digital technology innovation and corporate ESG performance - based on patent text and machine learning [J/OL]. Research and Development Management, 1-16[2025-02-25].

[8] LI Xin, YU Dianfan, WANG Chao. Digital Disclosure: “Many Words but Not Many Actions” or “Doing What You Say”? --A study based on the text of annual reports of listed companies [J]. Financial Research, 2024, 50 (11): 19-33.

[9] WANG Yinghuan,GUO Yongzhen. Corporate digital transformation and ESG performance - Empirical evidence based on Chinese listed companies[J]. Financial Research,2023,49(09):94-108.

[10] GUO Huiting,NI Zhihui,QIU Rui. A study on the impact of digital transformation rate on enterprise total factor productivity: a perspective based on new quality productivity [J]. Research Management, 2024, 45 (12): 49-58.

[11] WU Fei,HU Huizhi,LIN Huiyan,et al. Corporate digital transformation and capital market performance - Empirical evidence from stock liquidity[J]. Management World, 2021,37(7):130-144.

[12] LIN Wei-Peng,FENG Bao-Yi. Curve effects and statistical tests in the field of management [J]. Nankai Management Review, 2022, 25 (01): 155-166.

[13] WANG Yu,AN Haonan,YANG Guanhua. Digital transformation and enterprise new quality productivity enhancement-An empirical study based on Chinese listed enterprises [J/OL]. Science and Technology Progress and Countermeasures, 1-11[2025-02-25].

[14] Zhang Yongshen,Li Xiaobo,Xing Mingqiang. Enterprise digital transformation and audit pricing [J]. Auditing Research, 2021, (03): 62-71.

[15] LI Chunxia,WANG Xiao,WANG Zhiwei. The Impact of Digital Transformation on Corporate Green Innovation - Based on the Perspective of Capital Governance Efficacy Enhancement [J]. Industrial Technology and Economics, 2024, 43 (07): 22-32.

[16] Jun Hu,Yangqiu Ren. Talent incentives, firms' innovation performance and innovation structure distortion--a quasi-natural experiment based on urban talent acquisition [J]. Management Review, 2024, 36 (04): 100-114.