The Impact of Digital Investment on Corporate ESG Performance —— The Regulatory Effect Based on the Market Environment

Abstract

With the ESG concept deeply rooted in the hearts of the people, how companies can improve their ESG performance has attracted the attention of management circles. The study used Chinese listed companies as a sample to empirically test the relationship between digital investment and corporate ESG performance, as well as the changes in the impact of digital investment on corporate ESG performance from the perspective of market environment. The study found that digital investment can significantly improve the ESG performance of enterprises, and the market environment of the enterprise will have a negative regulatory effect on the relationship between digital investment and enterprise ESG performance. This research enriches the research on factors affecting corporate ESG performance and provides a theoretical basis for companies to improve ESG performance through digital investment.