Digitalization of supply chain and ESG performance of enterprises——Quasi natural experiments based on double difference method
As digital technologies profoundly changing the global industrial landscape,it is of great significance to understand how supply chain digitization affects enterprise ESG performance.This study uses the double difference method to examine the impact of supply chain digitization on ESG performance of A-share listed companies in Shanghai and Shenzhen from 2014 to 2022.The results show that digitalization of the supply chain can significantly improve the ESG performance of enterprises,and has a significant promoting effect on the three dimensions of environmental(E),social(S),and corporate governance(G)performance.Further mechanism testing reveals that digitalization of the supply chain mainly affects the ESG performance of enterprises through three channels.Firstly,digitalization of the supply chain can expand the green innovation perspective of enterprises,enrich their innovation resources,enhance their green innovation capabilities,and promote the upgrading and iteration of products and services,thereby improving the ESG performance of enterprises.Secondly,digitalization of the supply chain has diversified the configuration of the supply chain,dispersed supply chain risks,ensured the sustainability of the supply chain,and thus enhanced the ESG performance of the enterprise.Finally,digitalization of the supply chain enhances the ESG performance of enterprises by optimizing their information environment,enhancing information transmission efficiency and transparency.Heterogeneity analysis shows that in non-state-owned enterprises,in both central and eastern regions,in heavily polluting industries,and in enterprises with high analyst attention,the positive impact of supply chain digitization on ESG performance is more significant.This study not only enriches the literature on supply chain digitization and enterprise ESG,but also provides valuable references for policy makers and business managers.Therefore,it is suggested that enterprises should customize their supply chain digitalization strategies based on their own characteristics,invest in emerging technologies,cultivate digital talent,and integrate ESG concepts to enhance sustainability,lead green innovation,optimize processes,and strengthen risk management.At the same time,the government and society should provide support to promote the deep integration of digitalization and ESG,build a green,efficient,and sustainable supply chain system,and formulate policies to encourage diversified cooperation and improve the policy framework for green management.
digitalization of supply chainESG performancedouble difference
国家科技期刊平台
NSTL
万方数据
