A study of the impact of digital transformation and corporate green performance

Abstract

Based on the data of A-share listed companies in Shanghai and Shenzhen from 2018 to 2022, this paper investigates the impact of corporate digital transformation on corporate green performance from the perspective of corporate digital transformation. It is found that there is a significant negative relationship between the degree of corporate digital transformation and green performance, and this significant negative relationship still holds after using the propensity score matching method. The examination of the mediating role of financing constraints suggests that the negative effect of digital transformation on firms' green performance will increase as financing constraints decrease. Heterogeneity studies show that the inhibitory effect of digital transformation on green performance is stronger among private firms. The article enriches the research on the factors affecting green performance, and also sheds some light on the decision-making of enterprises regarding green performance.