Abstract: While empowering traditional technological innovation and reshaping enterprise resources and capabilities, can digital transformation promote the changes in corporate culture and organization? Combining the traditional Chinese virtue of“harmony is precious and beautiful”, this paper conducts an empirical research based on data from the A-share listed companies from 2010 to 2022. The findings shows that digital transformation can help to enhance corporate cooperation culture, mainly through the two paths of alleviating information asymmetry and improving corporate ESG performance. The heterogeneity analysis reveals that the positive effect of digital transformation on corporate cooperation culture is more pronounced in the enterprises of large-scale, non-capital-intensive, or with higher proportion of institutional investor shareholding, and the positive media coverage can strengthen the relationship between the two. The analysis of economic consequences shows that digital transformation can help promote corporate innovation by enhancing their collaborative culture. Based on the above research conclusions, it is recommended that enterprises should seize the opportunity of digital transformation in a timely manner, actively cultivate a corporate culture of keeping promises and pursuing win-win cooperation. Government departments should promote long-term assistance policies for digital transformation tailored to enterprises and establish sound cooperation and communication platforms between enterprises.

Key words: digital transformation, corporate cooperation culture, information asymmetry, ESG performance, enterprise innovation