The impact of digital transformation on the sustainable development performance of enterprises:From the perspective of dynamic capability theory
HUANG Li
NIU Tingting
YIN Shichen
Abstract：As the digital economy expands exponentially,digital transformation is redefining pathways to sustainable development.Grounded in dynamic capability theory,this study develops a conceptual framework linking'digital transformation-dynamic capability enhancement-corporate sustainable development performance'.Using a sample of A-share listed companies in China(2013-2023),we empirically examine the impact of digital transformation on corporate sustainability performance.Our findings indicate that digital transformation significantly enhances sustainable development performance,a result robust to alternative measures,exclusion of anomalous years,and one-period lagged specifications.Mechanism analysis reveals that digital transformation improves sustainability performance through three channels:Reduce the risk level of enterprises;Advancing green technological innovation;Optimising resource allocation efficiency.Heterogeneity analysis shows that the promoting effect of digital transformation on the sustainable development performance of enterprises varies significantly among different industries and provinces.This research contributes novel empirical evidence on micro-level mechanisms connecting digital transformation to corporate sustainability,while providing theoretical and policy implications for governments formulating digital economy strategies and firms pursuing sustainable practices;robustness test;Mechanism analysis robust test;mechanism of aetior.
Keywords：digital transformationsustainability performancedynamic capabilitiesrobustness testmechanism analysis
Publication Date：2025-12-28
Online Publishing Date：2026-01-30(First online date of this platform, not the publication date of the document)
Pages：10( 269-278 )