The Nonlinear Effects of Digital Finance on Corporate ESG Performance: Evidence from China
Qingmin Yin,
Nan Su,
Chenhui Ding
Abstract:Digital finance enhances corporate ESG performance and is essential for achieving sustainable development; however, its consistent effectiveness in improving ESG outcomes remains contested. Using panel data from A-share listed companies on the Shanghai and Shenzhen stock exchanges in China from 2011 to 2021, this study empirically examines nonlinear effects, transmission mechanisms, and moderating factors. The results indicate a U-shaped relationship between digital finance and ESG performance, with a positive… Show more
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