data for: digital transformation promote corporate environmental responsibility
Description
Digitalization enables enterprises to achieve green development. However, its micro level internal driving mechanism has not yet been clarified. Based on the situational perspective of internal and external mechanism tests, this study analyzes the unbalanced panel data of companies listed on the Shanghai and Shenzhen Stock exchanges from 2013 to 2021, studying in-depth the internal mechanism of the relationship between digital transformation and corporate environmental responsibility. The results show that digital transformation has a significant and enabling effect on corporate environmental responsibility, substantially improving its performance. It also has a positive effect on environmental awareness, terminal pollution control, and some front-end root causes of corporate environmental responsibility. Additionally, economic policy uncertainty negatively moderates the positive relationship between digital transformation and corporate environmental responsibility, that is, the former’s promotional effects on the latter are stronger when economic policy uncertainty is low. Digital transformation also promotes corporate environmental responsibility by improving the internal mechanism of corporate internal control information transparency and financial constraints, as well as, increasing the external mechanism of media attention. Furthermore, its effectiveness in promoting corporate environmental responsibility is more evident in non-state-owned, key polluting, and high industrial competition facing enterprises. The findings enrich the internal mechanism of digitalization, promoting green development; expand and enrich the context and theoretical connotations of digitalization and corporate environmental responsibility; and provide inspiration and reference for enterprises to establish and improve modern enterprise systems, realizing sustainable digitalization and green development.