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Digital Transformation and Corporate Social Performance: How Do Board Independence and Institutional Ownership Matter?

Year: 2022

Type: article

Abstract: This study addresses a gap in the literature on corporate governance and corporate social responsibility (CSR) by investigating whether and how board independence and institutional ownership moderate the relationship between digital transformation and corporate social performance (CSP). We find that digital transformation increases CSP using a panel dataset of Chinese publicly listed firms between 2014 and 2018. Moreover, we show that this positive impact is more pronounced when firms have higher proportions of independent directors on the board and institutional owners. These findings contribute to a better understanding of CSR dynamics, supporting the formulation and implementation of efficient CSR strategies in the digital era.

Source: Frontiers in Psychology

DOI: 10.3389/fpsyg.2022.915583

Authors: Shuang Meng, Huiwen Su, Jiajie Yu

Institutions: Central University of Finance and Economics, Renmin University of China, Beijing Normal University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: gold

Estimated APC paid: $2,950

Funders: Ministry of Education of the People's Republic of China, Fundamental Research Funds for the Central Universities, Humanities and Social Science Fund of Ministry of Education of China