Data Element Marketization and Corporate ESG Performance

XUAN Ye; LI Yang

Volume 40 Issue 1

Jan. 2025

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XUAN Ye, LI Yang. Data Element Marketization and Corporate ESG Performance[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(1): 18-31.

Citation:

XUAN Ye, LI Yang. Data Element Marketization and Corporate ESG Performance[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(1): 18-31.

XUAN Ye, LI Yang. Data Element Marketization and Corporate ESG Performance[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(1): 18-31.

Citation:

XUAN Ye, LI Yang. Data Element Marketization and Corporate ESG Performance[J]. Journal of Guangdong University of Finance & Economics, 2025, 40(1): 18-31.

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Data Element Marketization and Corporate ESG Performance

XUAN Ye,
LI Yang

Nanjing University of Finance and Economics, Nanjing 210046, China

Received Date: 2024-05-30
Available Online: 2025-03-01
Publish Date: 2025-01-28

Abstract

Abstract

The influencing factors of corporate ESG performance have become a hot issue in academia. Seeing the establishment of urban data trading platforms as the exogenous policy impact, this study empirically tests the impact and mechanism of data element marketization on corporate ESG performance by differences-in-differences. The research shows that the data element marketization promotes ESG performance by promoting the digital transformation of enterprises; based on the regulatory burden, heavy-polluting enterprises tend to use the accurate decision-making of big data to improve ESG performance, and enterprises with high online media attention have higher transaction efficiency of data elements, owning the information advantage of ESG performance improvement. In addition, in regions with strong financial support from local governments and high-degree marketization, enterprises have the advantages of resource support and system guarantee, and the data element marketization has a stronger role in improving corporate ESG performance. The data element marketization has spatial heterogeneity in its spillover effects on the sustainable development of surrounding regional enterprises, exhibiting a pattern of initially decreasing, then increasing, and finally decreasing again with geographic distance. The research findings offer insights into promoting high-quality development of enterprises in the digital economy era, providing a reference for the sustainable development driven by data elements.
- data element marketization,
- ESG,
- digital transformation,
- spillover,
- data trading platform

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References(35)

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