Author(s)

Tang Yifan ¹

Affiliation(s)

¹ School of Economics and Management, Baoji University of Arts and Sciences, Baoji, 721000, China

Corresponding Author

Tang Yifan

ABSTRACT

With the gradual implementation of the ESG concept, more and more companies are attracting the attention of stakeholders by disclosing their ESG performance in order to improve corporate performance. This paper selects panel data from Shanghai and Shenzhen A-share listed companies from 2016 to 2022 and uses a two- way fixed model to deeply study the relationship between corporate ESG performance, corporate performance and digital transformation. The results show that: corporate ESG performance and corporate performance have a significant positive effect; digital transformation plays a positive moderating role in the impact of corporate ESG performance and corporate performance. And after a robustness test, this conclusion still holds. In addition, the study found that digital transformation is heterogeneous in the eastern region and heavily polluting enterprises, while digital transformation does not have a moderating effect in non-eastern regions and non-heavy polluting enterprises. This study is conducive to enriching related research in the field of ESG and, to a certain extent, prompting enterprises to accelerate the process of digital transformation.

KEYWORDS

ESG; Corporate performance; Moderating effect; Heterogeneity

CITE THIS PAPER

Tang Yifan, Research on the impact of ESG performance on corporate performance—based on the moderating effect of digital transformation. Accounting and Corporate Management (2024) Vol. 6: 70-80. DOI: http://dx.doi.org/10.23977/acccm.2024.060310.

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