Digital Economy,ESG Performance and High-quality Development of Enterprises
Under the background of China vigorous advocacy of high-quality development and sustainable development,it is of great significance to urge companies to seize the dividends of digital economic development,assume social responsibilities,alleviate environmental pressure,and practice ESG development concepts.This article uses the panel data of Shanghai and Shenzhen A-share listed companies in the five years from 2017 to 2021 as a sample to empirically test the impact mechanism of the digital econ-omy on the high-quality development of enterprises,and explore the moderating role of ESG realization in it.Research has found that the digital economy can significantly improve the total factor productivity of enterprises,and ESG performance can positively regulate the impact of the digital economy on the high-quality development of enterprises.The core assumptions still hold after a series of robustness tests.The heterogeneity test results show that the digital economy's effect on improving the high-quality devel-opment of enterprises is more significant in the group of enterprises with state-owned property rights,high marketization,non-high-tech,and heavy pollution.The research conclusions expand the research on the driving mechanism of the digital economy and pro-vide empirical support and inspiration for the digital economy to promote the high-quality development of enterprises under the"double carbon"background.
digital economyESG performancehigh-quality developmentmechanism of action
万方数据
维普
