ORIGINAL RESEARCH
Will Digital Transformation Empower
Corporate ESG Performance: Moderated
Mediation Analysis through the Prism
of Executives’ Foreign Experience
			
	
 
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				Business School, Soochow University, Jiangsu, China
				 
			 
										
				
				
		
		 
			
			
			
			 
			Submission date: 2024-01-31
			 
		 		
		
			
			 
			Final revision date: 2024-05-20
			 
		 		
		
		
			
			 
			Acceptance date: 2024-06-05
			 
		 		
		
			
			 
			Online publication date: 2024-09-24
			 
		 		
		
			
			 
			Publication date: 2025-04-04
			 
		 			
		 
	
							
					    		
    			 
    			
    				    					Corresponding author
    					    				    				
    					Niyuan  Yin   
    					Business School, Soochow University, 50 Donghuan Road, 215006, Suzhou, China
    				
 
    			
				 
    			 
    		 		
			
							 
		
	 
		
 
 
Pol. J. Environ. Stud. 2025;34(4):3893-3907
		
 
 
KEYWORDS
TOPICS
ABSTRACT
As the digital economy drives corporate financial results, the role of non-financial performance,
such as environmental practices, especially seen through the prism of microscopic levels, is equally
remarkable. Under the dual background of digital economy and double carbon targets, this paper selects
960 Chinese A-share listed enterprises from 2010 to 2021 as research samples, empirically analyzing
the impact of digital transformation on corporate ESG performance and the mechanism between them
based on corporate governance theory, information asymmetry theory, resource-based theory and upper
echelons theory by the two-way fixed effect model and the moderated mediation model. The results
indicate that: (1) Digital transformation can empower corporate ESG performance; (2) Green innovation
plays a partially mediating role between them; (3) Executives’ foreign experience can positively
moderate the relationship between digital transformation and green innovation. These findings remain
robust after a series of tests, and digital transformation has a more significant effect on corporate ESG
performance in eastern and state-owned enterprises.