The Impact of the Dual Synergy of Digital Transformation and Green Transformation on Enterprise Performance

DOI

10.2991/978-94-6239-701-9_47How to use a DOI?

Keywords

Digitalization; Greening; Synergistic transformation; Enterprise performance; Corporate reputation

Abstract

Based on data from Chinese A-share listed firms on the Shanghai and Shenzhen Stock Exchanges from 2005 to 2022, this study applies text analysis and the coupling synergy model to measure the synergy level of corporate digital and green transformation, and examines its impacts on firm’s financial and environmental performance. Results show that digital-green synergistic transformation significantly promotes both types of performance through the mediating role of corporate reputation, and this positive effect is strengthened by higher regional marketization. Heterogeneity tests indicate that state-owned enterprises benefit more in financial performance while non-state-owned enterprises improve more in environmental performance. Digital-green synergy benefits small firms more in profitability and environmental performance, but only significantly enhances large firms’ market valuation. Regarding life cycle, declining firms gain higher short-term returns, whereas growth and mature firms achieve greater market value; mature firms also show significant improvement in environmental performance. This study possesses theoretical worth and practical importance for establishing a modern industrial system and attaining the “carbon peaking and carbon neutrality” objective.

Copyright

© 2026 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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TY  - CONF
AU  - Wanni Xiao
AU  - Daqian Shi
PY  - 2026
DA  - 2026/07/30
TI  - The Impact of the Dual Synergy of Digital Transformation and Green Transformation on Enterprise Performance
BT  - Proceedings of the 2026 11th International Conference on Social Sciences and Economic Development (ICSSED 2026)
PB  - Atlantis Press
SP  - 454
EP  - 480
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-701-9_47
DO  - 10.2991/978-94-6239-701-9_47
ID  - Xiao2026
ER  -