Digital Transformation and Corporate Social Performance: How Do Board Independence and Institutional Ownership Matter?

Meng, Shuang; Su, Huiwen; Yu, Jiajie

doi:10.3389/fpsyg.2022.915583

Cited by 33 publications

(23 citation statements)

References 112 publications

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“…The independent variable in this paper is DT. Following previous studies ( Gong and Ribiere, 2021 ; Meng et al, 2022 ), we construct the DT index by conducting a dictionary-based text analysis of the listed firms’ annual reports. First, we collect the annual reports of listed manufacturing corporates from 2016 to 2020.…”

Section: Methodsmentioning

confidence: 99%

The impact of digital transformation on corporate total factor productivity

Wang

et al. 2022

Front. Psychol.

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IntroductionCorporates need to break through the dilemma of system and efficiency with the help of digital transformation in the digital economy era. This paper aims to examine the influence of digital transformation on corporate total factor productivity by investigating whether and how corporate technical cooperation and ESG performance mediate and moderate the relationship between them.MethodsThis study choose Chinese A-share listed manufacturing firms from 2016–2020 as the research sample and use the FGLS regression model to test the proposed hypotheses.ResultsResults show that digital transformation has a positive effect on corporate total factor productivity, and this positive impact is more pronounced when corporates have higher ESG performance. Corporate technical cooperation plays a mediating role between digital transformation and total factor productivity. ESG performance also plays a positive moderating role in the relationship between digital transformation and corporate technical cooperation.DiscussionOur results contribute to the literature on digital transformation and corporate total factor productivity at the micro-corporate level. Further, our findings offer insights to decision-makers and regulatory bodies regarding the current practices of digital transformation and its potential economic impact.

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Section: Methodsmentioning

confidence: 99%

The impact of digital transformation on corporate total factor productivity

Wang

et al. 2022

Front. Psychol.

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“…More importantly, the finding of the mediating role of green management innovation and analyst coverage suggests that the enhancement of CSR performance by digital transformation is, to some extent, a result of internal and external interactions of corporates. Although some theoretical studies have emphasized the need for internal and external cooperation for sustainable business development (Bansal & DesJardine, 2014), existing studies on digital transformation and CSR performance have only discussed the mediating role of corporate internal factors (e.g., board of directors) (Meng et al, 2022), ignoring the influence of external environment. CSR emphasizes that while generating profits and assuming legal responsibilities to shareholders and employees, companies also have to assume responsibilities to consumers and the environment.…”

Section: Discussionmentioning

confidence: 99%

“…Following Meng et al (2022) and Ren et al (2022), this paper uses textual analysis to construct the Digital Transformation (DIGI) index based on the annual reports of listed corporates. This paper constructs digital transformation indicators based on the text analysis method.…”

Section: Research Design and Main Modelmentioning

confidence: 99%

How does digital transformation affect corporate social responsibility performance? From the dual perspective of internal drive and external governance

Sun,

Wang,

Wang

et al. 2023

Corp Soc Responsibility Env

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Digital transformation has become a wave sweeping across the globe, affecting all industries with unprecedented speed and breadth, and it is urgent to introduce digital transformation into the corporate social responsibility (CSR) field. This study aims to investigate the impact of digital transformation on CSR performance and its influencing mechanism. The findings are as follows: (1) digital transformation can improve CSR performance; (2) from the dual perspective of internal drive and external governance, we figure out that digital transformation improves CSR performance by improving green management innovation and analyst coverage; (3) further analysis shows that the impact of digital transformation on CSR performance differs under different resource endowments and institutional environments (i.e., formal and informal institutions). Specifically, this promoting effect is only reflected incorporates more resources (i.e., human resources, cultural resources, employment resources, and economic resources), with strong environmental enforcement or high media attention. In the context of digital transformation, this study enriches the mechanism of improving CSR performance and is of great practical significance for corporates, markets, governments and other stakeholders. Meanwhile, the findings of this study are of practical guidance for promoting corporates to fulfill their social responsibility and achieve sustainable development goals in the digital era.

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“…Digitalization brought added value to the pursuit of sustainable development goals through novel data sources, enhanced analytical capabilities and collaborative digital ecosystems [14]. AI applications can also improve sustainability, promote high-quality development, and improve corporate social performance [57]. In-depth integration of the digital and real economies promotes high-quality economic development and improves corporate resilience [88].…”

Section: Review Of Ai Researchmentioning

confidence: 99%

Research on the impact of AI application on capital chain resilience

2023

Preprint

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Unfavorable external factors such as COVID-19 and economy recession have affected the abilities of enterprises to continue operating. Among them, capital chain resilience has become a key issue for enterprises. In the new era, artificial intelligence (AI) technology can provide new solutions for avoiding the breakage of the capital chain. Using data from listed companies in China, we find that AI technology can improve capital chain resilience. The main impact mechanism is to reduce the level of corporate financial constraints and improve internal control efficiency, and when corporate governance efficiency and resource acquisition capability are lower, such as poor levels of executive supervision and incentive, governance, executive resource acquisition ability, financial statement tone, business and financing environment, the effect of AI technology on improving capital chain resilience is more obvious. We enrich the research on AI and capital chain resilience, provide references for enterprises to use AI technology to help enterprises obtain more funds, warn of risks, and make correct decisions quickly in a crisis to help enterprises survive the crisis smoothly.

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Digital Transformation and Corporate Social Performance: How Do Board Independence and Institutional Ownership Matter?

Cited by 33 publications

References 112 publications

The impact of digital transformation on corporate total factor productivity

The impact of digital transformation on corporate total factor productivity

How does digital transformation affect corporate social responsibility performance? From the dual perspective of internal drive and external governance

Research on the impact of AI application on capital chain resilience

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