Affiliation:
1. College of Business, Gachon University, Seongnam 13120, Republic of Korea
Abstract
In the digital economy era, digital transformation is crucial for competitiveness in traditional industries, particularly in manufacturing. This study aimed to examine how digital transformation impacts the manufacturing environment, social responsibility, and corporate governance (ESG), with a focus on the role of senior executive teams. Using empirical analysis of Chinese A-share listed companies from 2010 to 2019, this study found that digital transformation promotes ESG performance in the manufacturing industry. The findings revealed that the educational level, CEO tenure, and professional background diversity of senior management teams moderate this relationship, enhancing ESG performance. This study enriches and expands the existing knowledge system on this topic by integrating theories related to the digital economy and resource-based theories. It provides methodological guidance for the manufacturing industry to improve its environmental, social, and governance performance and achieve rapid development. Additionally, it offers practical suggestions for the government, manufacturing enterprises, and senior executive teams on how to better play their performance in digital transformation and ESG governance. This will assist the manufacturing industry enhance its level of digital transformation and continuously improve its ESG management and governance.
Reference94 articles.
1. The application trend of digital finance and technological innovation in the development of green economy;Zhou;J. Environ. Public Health,2022
2. Su, J., Su, K., and Wang, S. (2021). Does the digital economy promote industrial structural upgrading?—A test of mediating effects based on heterogeneous technological innovation. Sustainability, 13.
3. (2023, December 05). The Fourteenth Five-Year Plan for the Development of the Digital Economy, Available online: http://www.gov.cn/zhengce/content/2022-/12/content_5667817.htm.
4. United Nations (2022). The Sustainable Development Goals Report 2022, United Nations. Available online: https://unstats.un.org/sdgs/report/2022/.
5. European Commission (2021). Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions 2030 Digital Compass: The European Way for the Digital Decade COM/2021/118 Final, European Commission. Available online: https://eur-lex.europa.eu/legal-content/en/TXT/?uri=CELEX%3A52021DC0118.