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How does biodiversity risk affect digital transformation? Evidence from China’s manufacturing enterprises

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  • Wang, Gang

Abstract

This paper examines the impact of biodiversity risk on digital transformation by using the data of Chinese A-share listed companies in manufacturing industry from 2011 to 2023. The findings indicate that biodiversity risk significantly promotes digital transformation. Furthermore, we find corporate ESG performance and R&D investment play mediating role between biodiversity risk and digital transformation. Our findings offer novel insights into how biodiversity risk enhances digital transformation of enterprises.

Suggested Citation

  • Wang, Gang, 2025. "How does biodiversity risk affect digital transformation? Evidence from China’s manufacturing enterprises," Finance Research Letters, Elsevier, vol. 85(PD).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pd:s1544612325014205
    DOI: 10.1016/j.frl.2025.108165
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    References listed on IDEAS

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