Effects of green finance and digital transformation on enhancing corporate ESG performance

Tingxuan Sun, Suqin Liu and Min Guo

Finance Research Letters, 2025, vol. 74, issue C

Abstract: In the context of digital transformation, where firms leverage digital tools for process enhancement, innovation, and efficiency, this study utilizes data from annual reports of Chinese listed corporations from 2012 to 2022 to empirically analyze how green finance and digital transformation jointly enhance corporate environmental, social, and governance (ESG) performance. Findings indicate that green financial initiatives and digital transformation substantially boost corporate ESG performance, with the scale of the company acting as a crucial moderating factor in this relationship. Results indicate notable heterogeneity in the influence of digital shifts on ESG score improvements between state-owned entities and private firms.

Keywords: Green finance; Digital transformation; Corporate environmental, Social, and governance (ESG) performance; Enterprise size; Analysis of moderation effect; Analysis of heterogeneity (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S154461232500039X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s154461232500039x

DOI: 10.1016/j.frl.2025.106774

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().