With the booming development of the digital economy,digital transformation has become a key path for enterprises to enhance their sustainable competitive advantages.In the new stage of development,it is worth conducting in-depth research on whether digitalization of companies can promote their green and low-carbon transformation.This article takes A-share listed companies from 2009 to 2020 as the research sample,and uses a panel data fixed effects model to examine the impact mechanism and peer effect of digital transformation on carbon performance of Chinese companies.The results indicate that digital transformation is significantly positively correlated with corporate carbon performance,and digital transformation of companies is beneficial for improving their carbon performance.This result has significant industry heterogeneity effects,and digital transformation has a more significant role in improving the carbon performance of energy intensive industries.The mechanism analysis reveals that there is a peer effect in the carbon performance of companies in digital transformation,and the carbon performance level of a single company will change in the same direction as the carbon performance level of other companies in the same region and industry.Digital transformation mainly achieves the improvement of firms'carbon performance by promoting green technology in-novation and improving production efficiency.These findings aim to encourage companies to accelerate their digi-tal transformation,which has important theoretical and practical significance for companies to reduce carbon emis-sions and improve carbon performance through digital means,thereby promoting their transition to green and low-car-bon.
Digital TransformationCarbon PerformancePeer Group EffectGreen Technology InnovationFirm Production Efficiency