Study on the Impact of Digital Transformation on Environmental Social Responsibility:From"End-of-End Treatment"to"Source Control"?
Based on the data of China's A-share listed enterprises from 2006 to 2020,the impact and mechanism of corporate digital transformation on corporate environmental social responsibility was examined.It is found that enterprise digital transformation has a significant positive impact on the environmental social responsibility of"source control"and a significant negative impact on the environmental social responsibility of"end governance",and realizes the transformation of enterprises from"end governance"to"source control".The empirical findings still hold after a series of robustness tests and endogeneity treatment.Mechanism analysis reveals that digital transformation affects CSR through employees' green behaviors,corporate willingness to pay attention to environmental and social issues,and total factor productivity.The moderating effect finds that corporate governance and financing cost can further moderate the impact of digital transformation on both environmental social responsibilities.Heterogeneity analysis reveals that digital transformation has a more significant effect on non-state ownership,high environmental regulation,and highly educated executives' commitment to"source control"environmental social responsibility.Motivation analysis reveals that the shift from"end-of-pipe"to"source-control"CSR is motivated by the more significant positive impact of the latter on corporate value,which is further strengthened by digital transformation.
digital transformationenvironmental social responsibilitysource controlend-of-pipe management
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