The Research on the Impact of Digital Technology Innovation on Corporate ESG Performance
Based on this,the patents that are compatible with the digital economy from the perspective of technology fields are identified,indicators of the level of digital technology innovation of China's A-share listed companies from 2009 to 2020 are constructed,and the impact of digital technology innovation on the ESG performance of enterprises and the transmission mechanism are explored.The study finds that digital technology innovation can significantly en-hance corporate ESG performance,and mainly plays a role by promoting green transformation,enhancing internal transparency,and improving management and operation mode.Firms located in digital economy industries,broad-band China pilot regions,and regions with high R&D investment intensity are able to better utilize the role of digital technology innovation,and the impact of digital technology innovation is more significant for firms that have adopted the integration of two jobs and are in the maturity stage.Further analysis reveals that economic policy uncertainty and digital divide have positive and negative moderating effects on firms'ESG performance,respectively,and that firms'ESG performance also ameliorates employment destruction due to digital technology innovation.
digital technology innovationcorporate ESG performancegreen transformationinternal transparencymanagement operation