Are digital trends driving corporate environmental, social, and governance practices? Evidence from China

被引:11
作者
Xiao, Suyang [1 ]
Xu, Jiajun [2 ,3 ]
Li, Rui [2 ]
机构
[1] China Univ Geosci Wuhan, Sch Marxism, Wuhan, Peoples R China
[2] Wuhan Univ, Sch Econ & Management, Wuhan, Peoples R China
[3] Wuhan Univ, Sch Econ & Management, Wuhan 430072, Peoples R China
关键词
digital transformation; ESG practices; slack resources theory; stakeholder theory; sustainable development; SLACK RESOURCES; POLITICAL CONNECTIONS; STAKEHOLDER PRESSURES; FIRM PERFORMANCE; RESPONSIBILITY; DISCLOSURE; TRANSFORMATION; CAPABILITY; PRODUCT; GREEN;
D O I
10.1002/bse.3756
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper aims to explore whether the trend of digital transformation is driving companies to engage in environmental, social, and governance (ESG) practices. The impact of strategic transformation on firms is all-encompassing, making it difficult to capture the mechanisms of impact on corporate ESG practices. To this end, we construct a new theoretical framework that combines slack resources and stakeholder theory. This framework attributes the heterogeneity of ESG practices to differences in the ability and willingness of companies. Using data from Chinese listed companies, we find that the digital transformation is improving ESG performance. The mechanism is that digital transformation increases the availability of long-term slack resources and strengthens the connection with stakeholders. However, there is insufficient evidence that digital transformation contributes to greater transparency in corporate disclosure. We also find that this effect is larger for firms with less risk-responsiveness and firms with international connections, but smaller for firms with political connections. Our findings affirm the advantages of contemporary trends in corporate digital transformation for ESG practices and offer a new theoretical framework to investigate the factors influencing ESG practices.
引用
收藏
页码:5366 / 5385
页数:20
相关论文
共 107 条
[1]   IDENTIFICATION PROPERTIES OF RECENT PRODUCTION FUNCTION ESTIMATORS [J].
Ackerberg, Daniel A. ;
Caves, Kevin ;
Frazer, Garth .
ECONOMETRICA, 2015, 83 (06) :2411-2451
[2]   Nexus of circular economy and sustainable business performance in the era of digitalization [J].
Agrawal, Rohit ;
Wankhede, Vishal Ashok ;
Kumar, Anil ;
Upadhyay, Arvind ;
Garza-Reyes, Jose Arturo .
INTERNATIONAL JOURNAL OF PRODUCTIVITY AND PERFORMANCE MANAGEMENT, 2022, 71 (03) :748-774
[3]   Putting the S back in corporate social responsibility: A multilevel theory of social change in organizations [J].
Aguilera, Ruth V. ;
Rupp, Deborah E. ;
Williams, Cynthia A. ;
Ganapathi, Jyoti .
ACADEMY OF MANAGEMENT REVIEW, 2007, 32 (03) :836-863
[4]   Internal control information disclosure and corporate governance: evidence from an emerging market [J].
Agyei-Mensah, Ben Kwame .
CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2016, 16 (01) :79-95
[5]   Corporate transformation toward Industry 4.0 and financial performance: The influence of environmental, social, and governance (ESG) [J].
Alkaraan, Fadi ;
Albitar, Khaldoon ;
Hussainey, Khaled ;
Venkatesh, V. G. .
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE, 2022, 175
[6]   DIGITAL STRATEGIC ORIENTATION AND FIRM'S PERFORMANCE: THE MODERATING EFFECT OF ENVIRONMENTAL UNCERTAINTY [J].
Alshourah, Sultan ;
Altawalbeh, Manal ;
Mansour, Maan ;
Al Haraisa, Yazan ;
Al-Kharabsheh, Abdulrahman .
POLISH JOURNAL OF MANAGEMENT STUDIES, 2023, 28 (02) :7-27
[7]   Corporate ESG reporting quantity, quality and performance: Where to now for environmental policy and practice? [J].
Arvidsson, Susanne ;
Dumay, John .
BUSINESS STRATEGY AND THE ENVIRONMENT, 2022, 31 (03) :1091-1110
[8]   ESG government risk and international IPO underpricing [J].
Baker, Edward D. ;
Boulton, Thomas J. ;
Braga-Alves, Marcus, V ;
Morey, Matthew R. .
JOURNAL OF CORPORATE FINANCE, 2021, 67
[9]   Role of Country- and Firm-Level Determinants in Environmental, Social, and Governance Disclosure [J].
Baldini, Maria ;
Dal Maso, Lorenzo ;
Liberatore, Giovanni ;
Mazzi, Francesco ;
Terzani, Simone .
JOURNAL OF BUSINESS ETHICS, 2018, 150 (01) :79-98
[10]  
Bansal P, 2004, ACAD MANAGE J, V47, P93, DOI [10.2307/20159562, 10.5465/20159562]