Digital transformation, innovation capability, and ESG performance

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-05-01 Epub Date: 2025-03-05 DOI:10.1016/j.frl.2025.107166

Qiong Liu , Hairong Wang

引用次数: 0

Abstract

This study investigates how digital transformation (DT) affects environmental, social, and governance (ESG) performance through innovative capabilities in Chinese A-share listed companies from 2010 to 2022. Analyzing 31,323 firm-year observations, we demonstrate that DT directly and indirectly improves ESG performance through breakthrough and incremental innovation routes. Breakthrough innovations offer revolutionary sustainability solutions through invention patents; meanwhile, incremental innovations enable continuous improvement of sustainable practices. DT has a stronger effect on social and governance dimensions than on environmental performance, with a greater impact in non-pollution industries and state-owned enterprises. Findings underscore how different innovation types translate digital capabilities into improved ESG performance in various contexts.

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数字化转型、创新能力和ESG绩效

本文研究了2010 - 2022年中国a股上市公司数字化转型如何通过创新能力影响环境、社会和治理绩效。通过分析31,323家公司的年度观察结果，我们证明了DT通过突破和增量创新途径直接和间接地改善了ESG绩效。突破性创新通过发明专利提供革命性的可持续性解决方案；同时，渐进式创新使可持续实践得以持续改进。DT对社会和治理维度的影响强于对环境绩效的影响，对无污染行业和国有企业的影响更大。研究结果强调了不同创新类型如何在不同背景下将数字化能力转化为改善的ESG绩效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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