ESG performance and green innovation in a digital transformation perspective

IF 0.9 4区 经济学 Q3 ECONOMICS American Journal of Economics and Sociology Pub Date : 2023-08-31 DOI:10.1111/ajes.12541
Jun Dai, Qiumin Zhu
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Abstract

In the era of the digital economy, companies strive to promote green innovation by enhancing their ESG performance, aiming to create new advantages for high-quality corporate development. We investigate the influence and mechanism of corporate digital transformation, ESG performance, and green innovation using data from Shanghai and Shenzhen A-share listed enterprises in China between 2012 and 2021. The study reveals that good ESG performance significantly fosters green innovation. Additionally, digital transformation plays a positive moderating role in the relationship between ESG performance and green innovation, which remains consistent even after conducting a series of robustness tests. The findings of this study offer valuable insights for improving the top-level planning of “Digital Nation,” promoting the development of ESG concepts, and achieving “carbon peaking,” and “carbon neutrality.”

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数字化转型视角下的ESG绩效和绿色创新
在数字经济时代,企业努力通过提高ESG绩效来推动绿色创新,旨在为企业高质量发展创造新的优势。本文利用2012年至2021年中国沪深两市A股上市公司的数据,研究了企业数字化转型、ESG绩效和绿色创新的影响及其机制。研究发现,良好的ESG绩效显著促进绿色创新。此外,数字化转型在ESG绩效与绿色创新之间的关系中发挥着正调节作用,即使在进行了一系列稳健性测试后,这种调节作用仍然保持一致。本研究的发现为改善“数字国家”的顶层规划、促进ESG概念的发展以及实现“碳峰值”和“碳中和”提供了有价值的见解。
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来源期刊
CiteScore
1.90
自引率
12.50%
发文量
39
期刊介绍: The American Journal of Economics and Sociology (AJES) was founded in 1941, with support from the Robert Schalkenbach Foundation, to encourage the development of transdisciplinary solutions to social problems. In the introduction to the first issue, John Dewey observed that “the hostile state of the world and the intellectual division that has been built up in so-called ‘social science,’ are … reflections and expressions of the same fundamental causes.” Dewey commended this journal for its intention to promote “synthesis in the social field.” Dewey wrote those words almost six decades after the social science associations split off from the American Historical Association in pursuit of value-free knowledge derived from specialized disciplines. Since he wrote them, academic or disciplinary specialization has become even more pronounced. Multi-disciplinary work is superficially extolled in major universities, but practices and incentives still favor highly specialized work. The result is that academia has become a bastion of analytic excellence, breaking phenomena into components for intensive investigation, but it contributes little synthetic or holistic understanding that can aid society in finding solutions to contemporary problems. Analytic work remains important, but in response to the current lop-sided emphasis on specialization, the board of AJES has decided to return to its roots by emphasizing a more integrated and practical approach to knowledge.
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