供应链数字化与企业ESG分歧——基于供应链创新与应用试点的准自然实验

Supply Chain Digitization and ESG Disagreement——A Quasi Natural Experiment Based on the Supply Chain Innovation and Application Pilot

在数字技术赋能供应链转型升级的背景下,厘清供应链数字化对企业ESG分歧的影响对企业践行ESG理念与推动现代供应链发展具有重要意义。本文基于供应链创新与应用试点工作,以2015~2022年上市公司为研究样本,利用双重差分模型探究供应链数字化对企业ESG分歧的影响。研究结果显示,供应链数字化降低了企业ESG分歧,环境信息披露的增加与媒体关注度的提高是供应链数字化降低企业ESG分歧的主要渠道。进一步分析发现,供应链数字化带来的企业ESG分歧下降,有助于缓解融资约束、降低经营风险和提升企业价值。本文的研究为ESG分歧的影响因素提供了新的解释视角,对于理解供应链创新与应用试点政策具有一定的启示意义。

Under the backdrop of leveraging digital technology to empower supply chain transformation and upgrade,elucidating the impact of supply chain digitization on firms'Environmental,Social,and Governance(ESG)disagreement holds significant importance for firms'ESG practices and modern supply chain development.This study bases on supply chain innovation and application pilot policy,utilizes a sample of listed companies from 2015 to 2022 and employs a DID model to investigate the effect of supply chain digitization on firms'ESG disagreement.The findings reveal that supply chain digitization reduces firm's ESG disagreement,with increased environmental disclosure and heightened media attention being the primary channels through which this reduction occurs.Further analysis indicates that the reduction in firms'ESG disagreement resulting from supply chain digitalization helps alleviate financing constraints,mitigate operational risks,and enhance corporate value.This study offers a new perspective on factors influencing ESG disagreement and contributes to understanding the implications of supply chain innovation and application pilot policy.