Year: 2024
Type: article
Abstract: The focal point of this paper is to study environmental, social, and governance (ESG) performance consequences of digital transformation for companies, as well as green technological innovation, corporate social responsibility, and internal control as mediating variables. A set of digital transformation indicators was developed utilizing data from 355 listed industrial companies in China between 2011 and 2019 and vector arithmetic. The study’s findings suggested that digital transformation has considerably raised ESG performance, with green technological innovation, corporate social responsibility, and internal control as significant mediating variables. The paper has several contributions; for example, it provides theoretical and empirical evidence for ESG improvement in Chinese firms and an essential factor associated with ESG performance, among others. The non-economic impacts of digital transformation on ESG performance are essential insights offered by this study. They also provide insight into these impacts' mechanisms, including green technology, corporate social responsibility, and internal control. Received: 9 May 2024 | Revised: 5 August 2024 | Accepted: 31 August 2024 Conflicts of Interest The authors declare that they have no conflicts of interest to this work. Data Availability Statement Data sharing is not applicable to this article as no new data were created or analyzed in this study. Author Contribution Statement Wenxin Zhang: Conceptualization, Methodology, Investigation, Resources, Data curation, Writing – original draft. Xiangyu Li: Software, Writing – review & editing.
Authors: Wenxin Zhang, Xiangyu Li
Institution: Mokpo National University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403238510