数字技术创新对企业ESG绩效影响的实证研究
An Empirical Study on the Impact of Digital Technology Innovation on Corporate ESG Performance
摘要: 在全球可持续发展与数字经济深度融合背景下，企业ESG绩效已成为衡量长期发展价值、应对市场竞争与政策监管的核心指标，而数字技术创新作为驱动企业转型升级的关键动能，其对ESG表现的影响及作用路径备受关注。本文基于2015~2024年沪深A股1170家上市公司面板数据，采用双重机器学习模型，结合稳健性检验、异质性分析与机制检验展开实证研究。结果表明：数字技术创新对企业ESG表现具有显著正向影响并且该结论经稳健性检验后仍成立；异质性分析显示，此影响在东部地区、城市群等经济较发达区域及非重污染企业中更突出；机制检验发现，其主要通过提升企业市场价值、降低风险水平促进ESG表现，财务绩效中介作用不明显。研究为企业优化ESG管理、制定数字化战略及政府出台针对性政策提供参考。
Abstract: Against the backdrop of the in-depth integration of global sustainable development and the digital economy, corporate ESG performance has become a core indicator for measuring long-term development value, and the impact of digital technology innovation on ESG performance as well as its mechanism paths have attracted considerable attention. Based on the data of 1170 Shanghai and Shenzhen A-share listed companies from 2015 to 2024, this study employs the double machine learning model and conducts an empirical research by integrating robustness tests, heterogeneity analysis, and mechanism tests. The results show that digital technology innovation exerts a significant positive impact on corporate ESG performance, and this conclusion remains valid after robustness tests; heterogeneity analysis reveals that this impact is more prominent in economically more developed regions such as eastern China and urban agglomerations as well as in non-heavily polluting enterprises; mechanism tests indicate that digital technology innovation primarily promotes ESG performance by enhancing corporate market value and reducing risk levels, while the mediating role of financial performance is not significant. This study provides references for enterprises to optimize ESG management and formulate digital strategies, and also for governments to introduce relevant policies.
文章引用：罗春伟, 卢杭琪, 陈晗瑜, 徐登可. 数字技术创新对企业ESG绩效影响的实证研究[J]. 现代管理, 2026, 16(4): 187-201. https://doi.org/10.12677/mm.2026.164093

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