Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17–19, 2023, Beijing, China

Research Article

Research on the Impact of Digital Finance on Enterprise ESG Performance in China

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  • @INPROCEEDINGS{10.4108/eai.17-11-2023.2342740,
        author={Siwei  Zhong and Yihao  Deng and Jiaxiang  Li},
        title={Research on the Impact of Digital Finance on Enterprise ESG Performance in China},
        proceedings={Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17--19, 2023, Beijing, China},
        publisher={EAI},
        proceedings_a={ICEMME},
        year={2024},
        month={2},
        keywords={digital finance; sustainable development; corporate esg; corporate operation},
        doi={10.4108/eai.17-11-2023.2342740}
    }
    
  • Siwei Zhong
    Yihao Deng
    Jiaxiang Li
    Year: 2024
    Research on the Impact of Digital Finance on Enterprise ESG Performance in China
    ICEMME
    EAI
    DOI: 10.4108/eai.17-11-2023.2342740
Siwei Zhong1,*, Yihao Deng1, Jiaxiang Li1
  • 1: Finance and Economics University Of Jiangxi
*Contact email: 2202101915@stu.jxufe.edu.cn

Abstract

Based on the data of all A-share listed companies from 2015 to 2021, this paper studies the influence between digital finance and enterprise ESG performance, which considers factors of environment, society and governance. What's more, this article also further studies the difference of digital finance's influence on Corporate ESG level under the background of different corporate attributes and environmental characteristics. The results show that digital finance can significantly improve the level of enterprises from the following three aspects, environment, society and governance, especially having a positive impact on the social performance.Further research finds that digital finance has a more obvious effect on improving ESG performance for non-technological enterprises and highly polluting enterprises. Besides, in central and western regions as well as the pilot areas of digital RMB, digital finance plays a more significant role in promoting ESG performance. Finally, we expand the research perspective of enterprise ESG performance, and provide some development suggestions and strategies: deepening the development of digital finance, perfecting the product system of digital finance and formulating the differentiated development direction of digital finance.