IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v58y2023ipbs1544612323007420.html
   My bibliography  Save this article

Digital transformation and manufacturing companies’ ESG responsibility performance

Author

Listed:
  • Wang, Haijun
  • Jiao, Shuaipeng
  • Bu, Kun
  • Wang, Yebin
  • Wang, Yaxian

Abstract

Digital transformation improves the efficiency and perception of companies. This paper investigates the impact of digital transformation in improving the environmental, social, and governance (ESG) responsibility performance of manufacturing companies in China. The results show that digital transformation can significantly improve manufacturing companies’ ESG responsibility performance. Every 1% increase in the degree of digital transformation will improve the ESG responsibility performance of manufacturing companies by 0.124%. Among the digital transformation techniques, digital strategy plays a more significant role than digital technology in improving manufacturing companies’ ESG responsibility performance. Total factor productivity, information transparency and investor stickiness moderate how digital transformation affects manufacturing companies’ ESG responsibility performance. The findings of this paper enrich and expand the research on the effects of digital transformation on manufacturing companies and provide a novel perspective to accelerate the progress of manufacturing companies worldwide in fulfilling ESG responsibilities and achieving global carbon emission reduction targets.

Suggested Citation

  • Wang, Haijun & Jiao, Shuaipeng & Bu, Kun & Wang, Yebin & Wang, Yaxian, 2023. "Digital transformation and manufacturing companies’ ESG responsibility performance," Finance Research Letters, Elsevier, vol. 58(PB).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007420
    DOI: 10.1016/j.frl.2023.104370
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612323007420
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2023.104370?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Digital transformation; ESG responsibility performance; Manufacturing companies; Digital strategy;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007420. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.