Digital transformation and corporate ESG information disclosure herd effect

Yin He, Jianzhong Li and Yuheng Ren

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This study investigates how digital transformation influences the tendency of companies to engage in herd behavior regarding the disclosure of ESG information. The findings indicate that digital transformation notably increases herd behavior in ESG information disclosure among these companies. Additional analysis considering different types of companies shows that this effect is stronger in private sector firms and those operating in highly competitive environments. The research offers practical insights and serves as an empirical and theoretical resource to support the advancement of digital transformation in businesses, contributing to the broader goal of achieving high-quality economic growth.

Keywords: Corporate esg information disclosure; Digital transformation (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005877

DOI: 10.1016/j.frl.2024.105557

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