TY - JOUR
T1 - Impact of digital transformation on performance of environment, social, and governance
T2 - Empirical evidence from China
AU - Wang, Quan Jing
AU - Wang, Hai Jie
AU - Feng, Gen Fu
AU - Chang, Chun Ping
N1 - Publisher Copyright:
© 2023 John Wiley & Sons Ltd.
PY - 2023/10
Y1 - 2023/10
N2 - This research empirically investigates the static and dynamic impacts of firms' digital transformation on environmental, social, and governance (ESG) performance by employing data of listed Chinese companies from 2011 to 2020 via estimations of propensity score matching and difference in differences. First, we find that digital transformation does some good to improve firms' ESG, which is confirmed after conducting several robustness tests. Second, digital transformation benefits the three aspects of ESG (environmental performance, social responsibility, and governance), and its impact is dynamic, promote ESG two years after the digital reform. Third, the impact of digital transformation on ESG is not constant among different firms. Specifically, digital transformation's impact on ESG is stronger among firms located in western or central regions of China and to those in polluting and competitive industries, as well as among non-stated-owned enterprises.
AB - This research empirically investigates the static and dynamic impacts of firms' digital transformation on environmental, social, and governance (ESG) performance by employing data of listed Chinese companies from 2011 to 2020 via estimations of propensity score matching and difference in differences. First, we find that digital transformation does some good to improve firms' ESG, which is confirmed after conducting several robustness tests. Second, digital transformation benefits the three aspects of ESG (environmental performance, social responsibility, and governance), and its impact is dynamic, promote ESG two years after the digital reform. Third, the impact of digital transformation on ESG is not constant among different firms. Specifically, digital transformation's impact on ESG is stronger among firms located in western or central regions of China and to those in polluting and competitive industries, as well as among non-stated-owned enterprises.
KW - ESG
KW - digital transformation
KW - environmental performance
KW - heterogeneity
UR - https://www.scopus.com/pages/publications/85164667285
U2 - 10.1111/beer.12573
DO - 10.1111/beer.12573
M3 - 文章
AN - SCOPUS:85164667285
SN - 2694-6416
VL - 32
SP - 1373
EP - 1388
JO - Business Ethics, the Environment and Responsibility
JF - Business Ethics, the Environment and Responsibility
IS - 4
ER -