Work

The Impact of Market Uncertainty on ESG Performance: Digital Transformation as a Moderator in Chinese Technology Firms

Year: 2025

Type: article

Abstract: This study examines the relationship between stock market uncertainty and environmental, social, and governance (ESG) performance among Chinese technology firms, with digital transformation serving as a moderating variable. Using panel data from 5,680 firm-year observations between 2015 and 2022, we find that market uncertainty negatively affects ESG performance. However, firms with higher levels of digital transformation demonstrate greater resilience to uncertainty, mitigating its negative impact on ESG initiatives. The findings contribute to the literature on ESG determinants in emerging markets and provide practical implications for corporate strategy during periods of heightened market uncertainty.

Source: Accounting Marketing and Organization

DOI: 10.71204/pnk0d988

Author: Jun Cui

Institution: Woosong University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: hybrid

OpenAlex ID: W4410158120

FWCI:

Cites: 7

Cited by:

Related to: 10