 Data assets and corporate sustainable development: evidence from ESG in ChinaYuetong Li, Xinyi Wang and Xiaojia Zheng Pacific-Basin Finance Journal, 2024, vol. 85, issue C Abstract: This paper studies the impact of data assets generated inside firms on their Environmental, Social, and Governance (ESG) performance. Using a sample of listed firms in China from 2010 to 2020, we find that firms that use data assets have better ESG performance. Further analyses show that data assets improve ESG performance by enhancing operational capacity and improving monitoring. Furthermore, the impact of data assets on ESG performance is more pronounced for firms with lower asset turnover rates, weaker market power, and higher agency costs, and in scenarios where mandatory ESG disclosure is absent and CEOs have IT-related backgrounds. This paper enriches the literature by shedding light on the role of data assets in sustainable development and corporate social value creation and has practical implications for data governance in the digital era. Keywords: Data assets; Environmental, social, and governance; Corporate social responsibility; China; Textual analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:pacfin:v:85:y:2024:i:c:s0927538x2400129x DOI: 10.1016/j.pacfin.2024.102378 Access Statistics for this article Pacific-Basin Finance Journal is currently edited by K. Chan and S. Ghon Rhee More articles in Pacific-Basin Finance Journal from Elsevier |
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