数字化转型能否提高企业的环境、社会和治理绩效——内外协同治理的调节效应Can Digital Transformation Improve the Environmental, Social, and Governance Performance of Enterprises: The Regulating Effect of Internal and External Collaborative Governance
李洪超,聂顺江
摘要(Abstract):
当前,数字经济蓬勃发展,企业数字化转型作为重要的组成部分和微观体现,对推动企业在环境、社会和治理方面的表现发挥着重要作用。本研究利用2017—2021年中国A股上市公司的面板数据,实证考察了企业数字化转型对ESG绩效的影响及其作用机制,以及在内外协同治理下的调节效应。研究结果表明:第一,企业数字化转型会显著提高企业ESG绩效。第二,影响机制分析表明,企业数字化转型可以通过促进企业结构优化、提高绿色创新能力以及降低非效率投资等途径对ESG绩效产生间接的促进作用。第三,调节效应分析表明,企业数字化转型对ESG绩效的促进效应在内部治理欠缺、外部监督较严格的企业中更为显著,数字化转型与内部治理存在部分替代效应,“内松外紧”的协同治理更可能使企业数字化转型的效用达到最大化,这种“反常”现象与企业重合规而非可持续性、优先级不同以及传统观念和文化有关。此外,数字化转型在促进区域平衡发展方面效果显著。稳健性检验表明研究结论可靠。研究从数字化转型视角出发,为推动企业更好地履行ESG责任和落实“双碳”目标提供了理论支持和经验证据。
关键词(KeyWords): 数字化转型;ESG绩效;影响机制;企业结构;协同治理;区域平衡
基金项目(Foundation):
作者(Author): 李洪超,聂顺江
参考文献(References):
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