Can digital transformation enhance corporate ESG performance? The moderating role of dual environmental regulations

Li, Junjun; Wu, Tong; Liu, Bailu; Zhou, Ming

doi:10.1016/j.frl.2024.105241

Cited by 18 publications

(4 citation statements)

References 40 publications

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“…This study highlights that environmental regulation moderates the positive impact of corporate digital transformation on the quantity of high-quality labor and the skill levels of the existing labor force, thereby influencing firm ESG performance. This finding is consistent with Li et al [52], highlighting the significant role of both formal and informal environmental regulations in this context, with informal regulations exhibiting a stronger influence. Informal regulations, encompassing social norms and industry standards, complement formal regulatory frameworks, compelling organizations to integrate ESG considerations into their operations.…”

Section: Discussionsupporting

confidence: 92%

“…Environmental regulations are known to shape corporate behavior and investment decisions, including decisions related to workforce composition and skill development. Stringent environmental regulations may incentivize firms to invest in high-quality labor and enhance the skill levels of their existing workforce to comply with regulatory requirements and adopt cleaner production technologies [48,52,53]. Environmental regulations can drive firms to innovate and adopt digital technologies that improve environmental performance and influence the demand for skilled labor with digital competencies in this way [17].…”

Section: Environmental Regulation's Moderating Rolementioning

confidence: 99%

“…Building upon the insights from Li et al [52], Models (4) and ( 5) are formulated to investigate the moderating effect of ER on the relationship between digital transformation (Dig) and high-quality labor (highlabor) and labor skill levels (laborskills):…”

Section: Moderating Effect Test Modelmentioning

confidence: 99%

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Digital Transformation and Environmental, Social, and Governance Performance from a Human Capital Perspective

He,

Chen

2024

Sustainability

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The strategic adoption of digital technologies has increasingly been recognized as a crucial driver of cost reduction and operational efficiency in enterprises. It optimizes production processes and promotes sustainable growth. In this context, understanding the specific impact of digital transformation on enterprises’ environmental, social, and governance (ESG) performance holds significant practical value for promoting sustainable development in China’s economy and society. This study focused on Chinese A-share listed enterprises from 2010 to 2022, specifically exploring the role of digital transformation in enhancing ESG performance from the perspective of human capital. Our findings reveal that digital transformation significantly augments their ESG performance. Notably, the improvements are more pronounced in non-state-owned enterprises compared to state-owned ones. Specifically, digital transformation initiatives contribute to ESG performance enhancement by increasing the extent of high-quality labor and elevating the skill levels of the existing workforce. Furthermore, environmental regulation moderates the positive impact of corporate digital transformation on the quantity and skill level of labor, thus influencing firm-level ESG performance. The study sheds light on the transformative role of digital transformation and its implications for ESG performance improvement by elucidating the mechanisms through which digital transformation affects human capital and interacts with regulatory environments.

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Section: Discussionsupporting

confidence: 92%

Section: Environmental Regulation's Moderating Rolementioning

confidence: 99%

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Digital Transformation and Environmental, Social, and Governance Performance from a Human Capital Perspective

He,

Chen

2024

Sustainability

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“…Digital transformation is not just about replacing manual processes with digital technology, but also about creating new business models, better customer experiences and increasing competitiveness in the market. It involves cultural, organizational, and process changes that impact the entire ecosystem of a company or society (Li et al, 2024) . Digital transformation in Indonesia is one of the government's policies to encourage society and business people to make optimal use of digital technology.…”

Section: Introductionmentioning

confidence: 99%

Opportunities and Challenges of Digital Transformation for Creative Economy Development: Study Literature Review

Wibowo,

Wahyudi,

Ismawati

et al. 2024

IJBLE

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Digital transformation has become a global trend that affects all aspects of human life. In Indonesia, digital transformation can accelerate economic growth, especially in the creative economy sector. One of them is efficiency in the use of technology, investment in digital infrastructure and increasing financial access. The aim of this research is to analyze the opportunities and challenges related to the policy of accelerating digital transformation in the development of the creative economy in Indonesia. The research found that there are various opportunities that can be exploited in developing the creative economy in Indonesia through accelerated digital transformation policies, challenges that must be overcome, such as low technological accessibility and inadequate infrastructure. Research shows that accelerated digital transformation policies can be a driver of creative economic growth in Indonesia which must be adapted to local conditions and accompanied by efforts to increase technological accessibility and adequate infrastructure. This article was prepared based on the results of a literature study to answer the main research questions about transformation. digital and how to implement strategies in various business and government sectors

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Does Platform Economic Development Affect Environmental Inequality? Empirical Evidence from China

Zhao,

Hu,

Tang

et al. 2024

J Knowl Econ

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Can digital transformation enhance corporate ESG performance? The moderating role of dual environmental regulations

Cited by 18 publications

References 40 publications

Digital Transformation and Environmental, Social, and Governance Performance from a Human Capital Perspective

Digital Transformation and Environmental, Social, and Governance Performance from a Human Capital Perspective

Opportunities and Challenges of Digital Transformation for Creative Economy Development: Study Literature Review

Does Platform Economic Development Affect Environmental Inequality? Empirical Evidence from China

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