Abstract
Digital transformation, as an important way to optimize the existing resources of enterprises, is a driving force to achieve their high-quality development. Intangible capital is used to reflect the status of digital transformation of enterprises, so as to explore the relationship between the decision of enterprises on digital transformation and the ESG scoring effect of enterprises under financing constraints. The results show that when enterprises are faced with strong financing constraints, the management’s decision on digital transformation tends to be conventional. Although maintaining the traditional business model is more beneficial, it is not conducive to the improvement of ESG score. To further analyze the digital transformation mechanism of enterprises, this paper examines the decision-making behavior of enterprises under financing constraints from the perspective of intermediary mechanism. The results show that the decision of increasing intangible capital of enterprises promotes the improvement of enterprise performance, and then drives the promotion of the enterprise ESG score. This study enriches the research achievements in the field of digital transformation of enterprises, and provides reference for heterogeneous enterprises to select digital transformation decisions.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
