Proceedings of the 2025 11th International Conference on Humanities and Social Science Research（ICHSSR 2025)

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The Impact of Digital Transformation on Total Factor Productivity: the Mediating Role of ESG Performance

Authors
Saisai Yuan1, 2, *, Lingyi Pan1, Panpan Wang3
1Hangzhou Dianzi University Information Engineering College, Hangzhou, 311305, China
2Zhejiang Provincial Urban New Quality Productivity Research Institute, Hangzhou, 311305, China
3Nanjing University of Posts and Telecommunications, Nanjing, 210042, China
*Corresponding author. Email: yuanss592@nenu.edu.cn
Corresponding Author
Saisai Yuan
Available Online 10 July 2025.
DOI
10.2991/978-2-38476-440-2_163How to use a DOI?
Keywords
digital transformation; total factor productivity; ESG; empirical analysis
Abstract

This study was based on data from A-share listed companies in Shanghai and Shenzhen from 2009 to 2022. It aimed to investigate the impact of digital transformation on total factor productivity and its underlying mechanisms. The findings indicated a significant enhancement in corporate total factor productivity due to digital transformation, with effects varying based on company size and ownership structure. Through an analysis of the operational mechanisms, it was revealed that digital transformation enabled companies to have more financial resources by easing financial constraints and lowering financing expenses. Consequently, this facilitates increased investment in research and development and innovation activities, establishing a positive cycle of “digital transformation-resource mobilization-innovation reinforcement-productivity enhancement.” This study offered empirical evidence supporting the economic advantages of digital transformation, elucidated its diverse impact pathways, and provided valuable insights for the development of tailored digital transformation policies.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 11th International Conference on Humanities and Social Science Research（ICHSSR 2025)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
10 July 2025
ISBN
978-2-38476-440-2
ISSN
2352-5398
DOI
10.2991/978-2-38476-440-2_163How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Saisai Yuan
AU  - Lingyi Pan
AU  - Panpan Wang
PY  - 2025
DA  - 2025/07/10
TI  - The Impact of Digital Transformation on Total Factor Productivity: the Mediating Role of ESG Performance
BT  - Proceedings of the 2025 11th International Conference on Humanities and Social Science Research（ICHSSR 2025)
PB  - Atlantis Press
SP  - 1464
EP  - 1474
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-440-2_163
DO  - 10.2991/978-2-38476-440-2_163
ID  - Yuan2025
ER  -