Digital Transformation and Coroporate ESG Performance:A Dual Perspective Analysis of Media Attention and Executive Overconfidence
This paper empirically investigates the impact of digital transformation on ESG performance of listed manufacturing companies in Shanghai and Shenzhen A-share markets from 2017 to 2022.Two perspectives,media attention and executive overconfidence,are considered in analyzing the effects of digital transformation on ESG performance.Relevant data research indicates the following:Firstly,there exists a noteworthy linear correlation between digital transformation and the ESG performance of enterprises;Secendly,Executive overconfidence influences the promotional impact of digital transformation on ESG performance;Thirdly,Digital transformation influences the ESG performance of enterprises by augmenting media attention.The robustness test results demonstrated that the promotional effect on ESG performance remained valid.The results of heterogeneity analysis indicate that state-owned enterprises and large-scale enterprises are better equipped to leverage digital transformation,actively fulfill social responsibilities,enhance ESG performance,and serve as a source of inspiration for achieving high-quality development within enterprises.
Digital TransformationESG PerformanceMedia AttentionExecutive Overconfidence
万方数据
