Digital transformation and environmental information disclosure in China: The moderating role of top management team's ability
基于929家中国上市公司面板数据，研究发现数字化转型与环境信息披露呈倒U型关系，高管团队能力会弱化这一关系，表明数字化转型对环境信息披露是一把双刃剑。
Abstract Companies rely on advanced digital technologies to empower their operations and sustainable development. Environmental information disclosure (EID) by companies is critical in achieving net zero goals and sustainability. This study empirically investigates the impact of digital transformation (DT) on EID and how the ability of the top management team affects the relationship. We build a model based on the information processing theory and test it using panel data collected from 929 listed companies in China. The findings show an inverted U‐shaped relationship between DT and environmental information disclosure, and the top management team's ability weakens the relationship. The study provides empirical evidence that DT is a double‐edged sword for environmental information disclosure. Also, the results suggest that the top management team may substitute or complement digital technologies in EID during the different stages of DT.