{"title":"ESG performance and green innovation in a digital transformation perspective","authors":"Jun Dai, Qiumin Zhu","doi":"10.1111/ajes.12541","DOIUrl":null,"url":null,"abstract":"<p>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.”</p>","PeriodicalId":47133,"journal":{"name":"American Journal of Economics and Sociology","volume":"83 1","pages":"263-282"},"PeriodicalIF":0.9000,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"American Journal of Economics and Sociology","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/ajes.12541","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
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.”
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.