Research on the Impact of Corporate ESG Performance on Open Green Innovation in the Context of Digital Transformation

Abstract

Abstract: In the context of digital transformation, the environmental, social, and governance (ESG) performance of enterprises is crucial to open green innovation. Based on the data of A-share listed companies from 2011 to 2022, this study explores the mechanism of the impact of corporate ESG performance on open green innovation in the context of digital transformation. The findings show that good ESG performance has a positive promotion effect on the open green innovation of enterprises, and the conclusion remains valid after a series of robustness tests; in the case of a higher level of regional digital economy development and a higher degree of enterprise digitization, this promoting effect is more significant. The heterogeneity analysis shows that ESG performance has a stronger promoting effect on open green innovation in high-tech enterprises, enterprises with higher regional trust levels, and enterprises with strong financing constraints. Based on the above findings, enterprises should establish a modern ESG management system, fully leverage the benefits of regional digital economic development, and proactively promote the role of corporate digital transformation in fostering an open green innovation system and cultivating ESG capabilities.

Key words: ESG performance, open green innovation, regional digital economy development, enterprise digital transformation

CLC Number:

F272.5

Cai Shuang-li, Chen Yi. Research on the Impact of Corporate ESG Performance on Open Green Innovation in the Context of Digital Transformation[J]. Contemporary Finance & Economics, 2025, 0(3): 84-97.

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