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Under the current turbulent global situation, digital transformation has become a key force in restructuring the elements of world resources and new kinetic energy to promote the sustainable development of firms. In contrast, its internal and external driving factors at the firm level have not yet been identified. This study is dedicated to examining the impact of digital transformation on corporate environmental responsibility. The methodological foundations of the research are resource-based view, stakeholder theory, and information asymmetry theory. For verifying the proposed hypotheses, the study takes the panel data of Chinese listed firms from 2014 to 2023 (6,483 observations) as the research sample. It adopts statistical and regression analysis methods. Empirical results suggest that digital transformation positively correlates with corporate environmental responsibility by increasing companies’ engagement in green practices; economic policy uncertainty negatively moderates the analysed relationship, reducing the positive effect of the introduction of new technologies; media attention and financial constraints positively mediate the analyzed relationship. It is shown that the media serve as a key mechanism for external oversight and improving corporate governance in the capital market. By easing financial constraints, companies can obtain more external investment and resources, thereby increasing their ability to assume environmental responsibility

Author

Listed:
  • J. Zhang

    (National Research Tomsk State University, Tomsk, Russia)

  • O.P. Nedospasova

    (National Research Tomsk State University, Tomsk, Russia)

Abstract

No abstract is available for this item.

Suggested Citation

  • J. Zhang & O.P. Nedospasova, 2025. "Under the current turbulent global situation, digital transformation has become a key force in restructuring the elements of world resources and new kinetic energy to promote the sustainable development of firms. In contrast, its internal and externa," Upravlenets, Ural State University of Economics, vol. 16(2), pages 85-99, May.
    • Handle: RePEc:url:upravl:v:16:y:2025:i:2:p:85-99
    DOI: 10.29141/2218-5003-2025-16-2-6
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    References listed on IDEAS

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    1. Su, Yingliang & Wu, Jiahua, 2024. "Digital transformation and enterprise sustainable development," Finance Research Letters, Elsevier, vol. 60(C).
    2. Li, Mou & Wei, Lei, 2024. "The path of digital transformation driving enterprise growth: The moderating role of financing constraints," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    3. Francisco Javier Forcadell & Elisa Aracil & Fernando Ubeda, 2020. "Using reputation for corporate sustainability to tackle banks digitalization challenges," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2181-2193, September.
    4. Ren, Xiaohang & Li, Wenqi & Li, Yiying, 2024. "Climate risk, digital transformation and corporate green innovation efficiency: Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
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    Keywords

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    JEL classification:

    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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