摘要
基于“双碳”目标的现实背景,以2015—2020年A股制造业上市公司为研究样本,探究数字化转型对企业ESG表现的影响及其作用机制。研究结果表明数字化转型对ESG责任履行具有明显的赋能效应,能显著提升企业的ESG表现,并且在国有控股企业和管理层持股比例较少的企业中提升效应更加显著。影响机制结果表明,数字化转型通过缓解融资约束和扩大分析师关注进而提升企业ESG表现。进一步地,通过替换指标、Sobel和Bootstrap检验、改变模型以及内生性检验后结论依然成立。研究结论不仅为驱动企业积极履行ESG责任提供新的研究视角,而且为企业推动数字化转型提供有力的经验证据。
Based on the realistic background of“dual carbon”target,this paper takes A-share manufacturing listed companies from 2015 to 2020 as research samples to explore the impact of digital transformation on enterprise ESG performance and its mechanism.The research results show that the digital transformation has a significant enabling effect on ESG responsibility,which can significantly improve the ESG performance of enterprises,and is more sig-nificant in state-owned holding enterprises and enterprises with less managerial ownership.The results of the influ-encing mechanism show that digital transformation improves the ESG performance of enterprises by alleviating finan-cing constraints and expanding analysts’attention.Further,the conclusions are still valid after replacing indica-tors,Sobel and Bootstrap test,changing models and endogeneity test.The research conclusion not only provides a new research perspective for driving enterprises to actively fulfill ESG responsibilities,but also provides strong em-pirical evidence for enterprises to promote digital transformation.
作者
郝毓婷
张永红
HAO Yu-ting;ZHANG Yong-hong(School of Economics and Management,Taiyuan University of Technology,Jinzhong 030600,China)
出处
《科技与管理》
2022年第4期80-91,共12页
Science-Technology and Management
基金
山西省哲学社会科学专项课题(2022YD048)。
关键词
ESG表现
数字化转型
融资约束
分析师关注
ESG performance
digital transformation
financing constraints
analysts’ attention
作者简介
郝毓婷(1998-),女,硕士研究生;张永红(1968-),男,副教授,硕士生导师.
