Impact of Tech-Enabled Financial Disruptions and Internet Plus Initiative on Environmental, Social, and Governance (ESG) Performance in China: Evidence From a PVAR Approach

IF 2.7 3区经济学 Q2 ECONOMICS

Managerial and Decision Economics Pub Date : 2025-04-21 DOI:10.1002/mde.4527

Edward Idemudia Agboare, Luo Guang, Atta Ullah, Huma Iftikhar

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引用次数: 0

Abstract

Technological advancements have become an integral part of traditional industries but have also raised the question of how these modern technologies would impact sustainable practices, ethical innovation, and transparency. This study examines the impact of tech-enabled financial disruptions on Environmental, Social, and Governance (ESG) performance using a panel vector autoregression (PVAR) approach to analyze 122 A-listed Chinese financial institutions (5856 quarterly observations) from 2012 to 2023. We examined the dynamic interactions across tech-enabled financial disruptions, Internet Plus, and ESG metrics, providing insights into immediate and delayed effects. The findings reveal that tech-enabled financial disruptions boost ESG performance. However, Internet Plus implementation and its interaction with tech-enabled financial disruptions initially pose challenges but ultimately promote ESG performance as institutions adapt. These results underscore the importance of phased policy rollouts and strategic adaptation to maximize ESG advantages through tech-enabled financial disruptions. Recognizing the critical role of tech-enabled financial disruptions in enhancing ESG performance, this study suggests tailored frameworks that are capable of aligning tech-enabled financial disruptions with broader sustainable development goals for 2030. It also encourages financial institutions to integrate ESG strategies with digitalization from its onset.

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科技驱动的金融中断和互联网+倡议对中国环境、社会和治理（ESG）绩效的影响：来自PVAR方法的证据

技术进步已经成为传统工业不可分割的一部分，但也提出了这些现代技术将如何影响可持续实践、道德创新和透明度的问题。本研究采用面板向量自回归（PVAR）方法分析了2012年至2023年间122家中国a类上市金融机构（5856个季度观察）的技术金融干扰对环境、社会和治理（ESG）绩效的影响。我们研究了技术驱动的金融中断、互联网+和ESG指标之间的动态相互作用，提供了对即时和延迟影响的见解。研究结果显示，科技带来的金融动荡提高了ESG绩效。然而，“互联网+”的实施及其与科技带来的金融混乱的相互作用最初会带来挑战，但随着机构的适应，最终会促进ESG绩效的提高。这些结果强调了分阶段政策推出和战略调整的重要性，以便通过技术带来的金融干扰最大限度地发挥ESG优势。认识到技术金融干扰对提高ESG绩效的关键作用，本研究提出了能够将技术金融干扰与2030年更广泛的可持续发展目标结合起来的量身定制框架。它还鼓励金融机构从一开始就将ESG战略与数字化相结合。

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

Managerial and Decision Economics Multiple-

CiteScore

1.40

自引率

18.20%

发文量

242

期刊介绍： Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.