Digital transformation and environmental performance: Evidence from Chinese resource‐based enterprises

Xu, Qiong; Li, Xin; Guo, Fei

doi:10.1002/csr.2457

Cited by 62 publications

(43 citation statements)

References 88 publications

(157 reference statements)

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“…The development and application of digital technology require enterprises to use resources and continuously carry out technological innovation activities (Vial, 2019). With the massive impact of the COVID‐19 pandemic on the global economy and the escalating impact of the worldwide climate crisis, people have gradually realized that digital transformation and sustainability should be regarded as complementary growth drivers in exploration and practice (Ghobakhloo et al, 2022; Xu et al, 2023). On the one hand, through digital transformation, enterprises can optimize the use of resources and reduce waste to reduce the impact on the environment, and can also improve energy efficiency and accelerate the promotion of clean energy (Chen & Hao, 2022; Feroz et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Yang

Han

2023

Corp Soc Responsibility Env

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Digital transformation is globally pervasive, and exploring how it can shape enterprises' sustainable development is significant. Using the panel data of 710 listed corporates in China from 2011 to 2020, this paper empirically investigates the impact of digital transformation on corporate Environmental, Social and Governance (ESG) performance with the fixed effect model and the SYS‐GMM method. The results indicate that digital transformation significantly improves corporate ESG performance, especially environmental and social performance. A looser financing constraint (FC) environment will make the improvements in ESG performance from digital transformation more visible. Among corporates with low FCs, private corporates, and non‐technical corporates, digital transformation has a more noticeable effect on improving ESG performance by easing FCs. Our research presents implications for policymakers and business decision‐makers to achieve alignment between corporate digitalization and sustainability.

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Section: Introductionmentioning

confidence: 99%

Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Yang

Han

2023

Corp Soc Responsibility Env

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“…The answer to this question can provide deeper understanding to the effect of government environmental punishment. Based on the above stuffs, referring to Li et al (2023) and Xu et al (2023), this paper adopts the pollutant discharge fee rate of operating income to measure the environmental performance ( EPIN ). The reason for using pollutant discharge fees to measure the environmental performance of enterprises are as follows.…”

Section: Heterogeneity Analysis and Further Discussionmentioning

confidence: 99%

Strategic or substantive innovation? The effect of government environmental punishment on enterprise green technology innovation

Guo

et al. 2023

Sustainable Development

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Under the conduction of decentralized environmental governance, environmental punishment has become a pivotal complementary tool for local government environment management and an intuitive reflection of governance efficiency. However, the literature concerning the effect of local government environmental punishment towards the green technology innovation of enterprises is void. To bridge this gap, this paper adopts the fixed‐effect model to investigate the impact of government environmental punishment on green technology innovation based on the data of China's A‐share listed enterprises from 2010 to 2020. The study finds that the punishment can significantly promote enterprises' green technology innovation. The distinction between the type of innovation reveals that environmental punishment promotes substantive green technology innovation of enterprises, while the effect on strategic green technology innovation is not significant. As far as the influence path is concerned, external pressure and internal incentive are both important mechanisms for environmental punishment to facilitate the green technology innovation of enterprises. Heterogeneity analysis demonstrates that the positive effect of punishment on green technology innovation is more prominent in non‐state‐owned enterprises, heavily polluting industries and regions with strong public awareness of environmental protection. Further discussion reveals that the facilitative effect of punishment on green technology innovation also significantly improves the environmental performance of enterprises. This paper not only confirms the positive role of government intervention in environmental protection, but also provides practical reference for how to improve enterprises' competitiveness.

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“…Referring to Xu et al (2023), we use the classical mediation effect model to test the mechanism between CEO green experience and environmental performance, which is modeled as follows.

{EP}_{i, t} goodbreak= α_{0} goodbreak+ α_{1} {Green}_{i, t} goodbreak+ α_{2} {Controls}_{i, t} goodbreak+ μ_{i} goodbreak+ ϵ_{t} goodbreak+ δ_{n} goodbreak+ ε_{i, t}

{Mediating}_{i, t} goodbreak= β_{0} goodbreak+ β_{1} {Green}_{i, t} goodbreak+ β_{2} {Controls}_{i, t} goodbreak+ μ_{i} goodbreak+ ϵ_{t} goodbreak+ δ_{n} goodbreak+ ε_{i, t}

{EP}_{i, t} goodbreak= γ_{0} goodbreak+ γ_{1} {Green}_{i, t} goodbreak+ γ_{2} {Mediating}_{i, t} goodbreak+ γ_{3} {Controls}_{i, t} goodbreak+ μ_{i} goodbreak+ ϵ_{t} goodbreak+ δ_{n} goodbreak+ ε_{i, t}

where Equation (2) tests the effect of Green on EP , and when the coefficient

α_{1}

is significant, it indicates that the baseline regression results pass the test.…”

Section: Methods and Datamentioning

confidence: 99%

A path towards enterprise environmental performance improvement: How does CEO green experience matter?

Guo

Wang

2023

Bus Strat Env

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Nudging the amelioration of enterprise environmental performance is the micro‐foundation for effectively enhancing resource utilization and realizing sustainable development. Based on the upper echelons theory, the characteristics and previous experiences of managers determine their strategic choices and then affect the behavior of enterprises at the whole social layer. Nevertheless, the literature concerning the effect of CEO green experience on enterprise environmental performance is void. To bridge this gap, this paper uses the data of China's A‐share listed enterprises from 2010 to 2021 to empirically investigate the direct impact, influence mechanisms, and heterogeneities of CEO green experience on enterprise environmental performance. The study finds that CEO green experience can significantly promote the improvement of enterprise environmental performance. Based on the main effect, to exploring potential mechanisms behind the conclusion, we figure that environmental ethics commitment, environmental protection investment, and green technology innovation are the core mechanism approaches during the process of CEO green experience affects environmental performance. Heterogeneity analysis of CEO characteristics demonstrates that the green experience of female CEOs, older CEOs, and high educated CEOs both have a pronounced effect on ameliorating enterprise environmental performance. Furthermore, the positive effect of CEO green experience on environmental performance is more prominent in non‐state‐owned enterprises, heavily polluting industries, and regions with high environmental protection pressure. Besides providing an effective supplement for the research on managers and environmental performance, this paper also generates micro‐empirical support for government departments to formulate and optimize environmental policies.

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Digital transformation and environmental performance: Evidence from Chinese resource‐based enterprises

Cited by 62 publications

References 88 publications

Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Strategic or substantive innovation? The effect of government environmental punishment on enterprise green technology innovation

A path towards enterprise environmental performance improvement: How does CEO green experience matter?

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