Digital economy and corporate sustainability: Mediating roles of green innovation and risk-taking

Wei Bu, Zhongyi Yan and Shuning Yang

Finance Research Letters, 2025, vol. 78, issue C

Abstract: This study examines how digital economic development affects corporate sustainability through green innovation and risk-taking. Analyzing 23,603 firm-year observations from listed Chinese companies (2010–2022), we demonstrate that digital economy significantly enhances corporate sustainability through dual pathways of fostering environmental technological advancement and promoting strategic risk-taking. Heterogeneity analyses revealed stronger effects in nonpolluting industries and privately owned enterprises. Findings indicate that, through digital economy development, corporate leaders can implement digital transformation strategies and policymakers can promote sustainable business practices.

Keywords: Digital economy development; Corporate sustainability; Green innovation; Risk-taking level; Sustainable development (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325004635

DOI: 10.1016/j.frl.2025.107200

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