The Impact of Corporate Digital Transformation on Sustainable Development in China
基于资源基础理论，研究发现企业数字化转型通过节能、抑制漂绿行为、提升技术创新与社会责任、缓解信息不对称和加强风险管理六个渠道促进ESG绩效，且在激烈市场竞争且无网络攻击时效果更显著。
ABSTRACT This study examines the relationship between corporate digital transformation (CDT) and environmental, social, and governance (ESG) performance. Based on resource‐based theory, the findings indicate that CDT contributes to ESG performance through six channels: energy saving, discouragement of greenwashing behavior, improvement of technological innovation and social responsibility, alleviation of information asymmetry, and enhancement of risk management. This relationship was more significant under fierce market competition without cyberattacks. This study enriches the literature on the economic impacts of CDT from the perspective of sustainable development and expands the literature on the factors influencing sustainable performance from the perspective of digital technology. It directs the government to advance digital technology, foster a competitive market environment, and enhance cybersecurity, while also serving as a crucial reference for society in driving the reform of CDT, ensuring the sustainable development of the economy and promoting high‐quality and sustainable CDT in developing countries, including China.