数字化转型对企业ESG表现的影响研究——来自A股上市公司的经验证据

Research on the Impact of Digital Transformation on Corporate ESG Performance—Empirical Evidence from A-Share Listed Companies

摘要: 数字经济时代，ESG责任投资已成为国际资本市场重要的投资策略，努力提高ESG表现、增加社会效益成为企业在数字化转型过程中的重要目标。本文基于国泰安数字化转型数据库2011~2022年A股上市公司数据，实证检验了企业数字化转型对企业的ESG表现存在影响，研究发现：(1) 企业的数字化转型过程中的战略引领、技术驱动、组织赋能、数字化成果和数字化应用对企业ESG表现有促进作用。因此，在数字化转型过程中，企业可以通过以上五个方面提高企业的ESG表现。(2) 在战略引领、技术驱动、组织赋能、数字化成果对企业ESG表现的影响中，绿色技术创新起到中介作用。本研究有助于企业在数字化转型过程中精准发力，针对薄弱环节进行改进，提高企业ESG表现，缓解融资约束，获得更多的资本投入。

Abstract: In the era of the digital economy, ESG responsible investment has become a significant investment strategy in the international capital market, with efforts to improve ESG performance and increase social benefits becoming key goals for companies in the digital transformation process. This article, based on data from the CSMAR Database covering A-share listed companies from 2011 to 2022, empirically examines the impact of corporate digital transformation on ESG performance. The results show that: (1) Strategy driven, technological driven, organizational empowerment, digital achievements, and digital applications during the enterprise’s digital transformation process have a promotional effect on ESG performance. Therefore, during the digital transformation process, companies can enhance their ESG performance through these five aspects. (2) Green technology innovation plays an intermediary role in the impact of strategic leadership, technological drive, organizational empowerment, and digital achievements on corporate ESG performance. The research conclusions of this article are helpful in assisting companies to make precise efforts during the digital transformation process, improving weaknesses, enhancing corporate ESG performance, alleviating financing constraints, and obtaining more capital investment.