ESG Driving Effect of Enterprise Digital Transformation under Common Supply Chain Network
After China's economic development has officially entered the"double carbon"cycle of green transformation,promoting green and high-quality economic development has become a brand-new strategic proposition for China's development in the new era.Facing the historical dilemma of China's long-term dependence on the manufacturing industry with high carbon emissions to promote economic growth and the realistic problem that the economic development mode is in urgent need of green transformation under the guidance of the goal of"double carbon",the development of digital economy provides new opportunities for this,promoting greening by digitalization has almost become the only way for China's economic development at this stage.Therefore,it is very important to explore the spillover effect of digital transformation efficiency of enterprises in the common supply chain network under the dual call of intensified supply chain competition and efficient multi-agent green collaborative development.In recent years,the ESG performance of enterprises,which has been widely concerned,comprehensively evaluates the sustainable development of enterprises from three aspects:environment(E),society(S)and governance performance(G),providing a good support for exploring digital transformation and high-quality development of enterprises under the background of digital economy development.Therefore,it is the key to bring the digital transformation and ESG performance of enterprises into the framework of common supply chain network to effectively play the spillover effect of digital transformation of enterprises and realize multi-agent green and high-quality development efficiently.Therefore,based on the two-tier supply chain network architecture from the brand-new perspective of supply chain,this paper constructs the data set of"Enterprise Digital Transformation-ESG Performance of Upstream and Downstream Enterprises in Supply Chain"by using the data of A-share listed companies and their production and sales lists from 2009 to 2021,identifies the spillover direction and mechanism of enterprise digital transformation on ESG performance of upstream and downstream enterprises in supply chain,and further tests the heterogeneous efficiency of enterprise digital transformation on ESG performance under the multi-dimensional supply chain situation.The marginal contribution of this paper is reflected in the following aspects:firstly,it expands the research perspective of the influence of enterprise digital transformation on ESG performance;Secondly,starting from the relative relationship of"customer-supplier",this paper puts forward and verifies the vertical spillover effect of enterprise digital transformation on ESG performance of supply chain enterprises and the same group linkage mechanism;Finally,this paper explores the forward spillover effect of enterprise digital transformation along the supply chain in different scenarios,which further affects the performance of supplier enterprise ESG,and further clarifies the important role of supply chain performance between enterprise digital transformation and enterprise ESG performance.The main conclusions of this paper are as follows:First,the digital transformation of enterprises significantly improves the ESG performance of supplier enterprises,but has no significant impact on the ESG performance of customer enterprises,indicating that the ESG performance driven by digital transformation of enterprises has significant spillover efficiency along the supply chain.Secondly,the test of the forward spillover mechanism of enterprise digital transformation along the supply chain shows that the digital transformation of customer enterprises downstream of the supply chain promotes the ESG performance of supplier enterprises through the same group linkage effect.Thirdly,after dividing the multi-dimensional supply chain network scenarios based on the characteristics of supply chain,it is found that the spillover effect of digital transformation of customer enterprises on ESG performance of supplier enterprises is more significant in the supply chain scenarios with high transparency,spatial proximity,low concentration and low supplier stability.