Abstract
According to resource orchestration theory, key human capital can allocate resources to the critical paths of projects to maximize resource utilization efficiency. This study examines how the green experience acts as an important organization capital and affects a company's digital and green transformation processes. Based on the organization capital theory, we study the performance of China's A-share listed companies from 2013 to 2021. A CEO's green experience inhibits a company's digital transformation while promoting its green transformation. Based on organizational theory, our conclusion is consistent with signal and information asymmetry theories. Executives with green experience have a better understanding of ways to improve the credibility of the public's green environmental practices. This agency cost often has a negative impact on the financial performance of enterprises, which is not conducive to their digital transformation. Companies should carefully recruit executives with green experiences, based on future digital or sustainable development strategies, to maximize the organization capital.
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