Search for Articles:
Journal:
Subject:
MOSP / Journal / Journal of International Economy and Global Governance

Journal Menu

Home
Aims & Scope
Editorial Board
For Authors
Ethics & Policies
APC & Subscription
Editorial Office

Journal Browser

Vol.2 (2025) Iss. 1 / 2
Vol.1 (2024) Iss. 1 / 2 / 3 / 4 / 5 / 6 / 7 / 8

Table of Contents

Abstract
Funding
Conflicts of Interest
References
License
Open Access
Research Articles

Digital Transformation, ESG Performance, and Advanced Development of Sports Enterprises: Empirical Evidence from Listed Sports Companies on China's Shanghai and Shenzhen Stock Exchanges

Cong Cen1, Weiquan Deng2,*, Long He3, Xinhuan Zhan4, Kuo Shi5

1 School of Physical and Health Education, East China Jiaotong University, Nanchang, China
2 School of Physical and Health Education, East China Jiaotong University, Nanchang, China
3 School of Physical and Health Education, East China Jiaotong University, Nanchang, China
4 School of Physical Education, Jiangxi University of Finance and Economics, Nanchang, China
5 School of Software and Microelectronics, Peaking University, Beijing, China
* Corresponding Authors: Weiquan Deng. Email: 695408132@qq.com
 
J. Int. Eco. Glo. Gov., 2024, 1(4), 20-42; https://doi.org/10.12414/jiegg.240269
Received : 28 Jul 2024 / Revised : 31 Jul 2024 / Accepted : 31 Jul 2024 / Published : 25 Sep 2024
© The Author(s). Published by MOSP. This is an open access article under the CC BY-NC license.
Download
Cite
Abstract
 
From 2012 to 2022, this research examines publicly traded sports companies on the Shanghai and Shenzhen stock exchanges in China, focusing on the impact of digital transformation and ESG performance on the advanced development of these enterprises. The findings reveal that digital transformation and ESG performance both positively contribute to the advanced development of sports enterprises, demonstrating a synergistic effect. Heterogeneity analysis reveals that ESG (Environmental, Social, and Governance) performance has a more significant impact on non-state-owned and sports goods manufacturing enterprises. In contrast, digital transformation demonstrates greater effectiveness within state-owned enterprises. Furthermore, the research highlights the importance of corporate governance, noting that optimized governance structures can enhance the implementation of digital and ESG strategies and improve overall productivity. The study recommends that enterprises should optimize governance mechanisms and balance resource allocation when advancing digital and ESG investments, and that the government should provide appropriate support and aid to promote the advanced development of sports enterprises.
 
Keywords: Sports Enterprises, Digital Transformation, ESG Performance, Advanced Development, New Quality Productivity
 
Download the full text PDF for viewing and using it according to the license of this paper.

Funding

    None.

Conflicts of Interest:

    The authors declare that they have no conflicts of interest to report regarding the present study.

References

  1. Fu, Q., Zou, H., Hu, Z., et al. (2023). Model construction and comprehensive evaluation of financial competitiveness of Chinese sports listed companies: An empirical analysis based on financial panel data of 26 representative sports listed companies. Journal of Sports Education, 39(5), 39-48+95.
  2. Ruan, Y., Ye, S. W., & Lu, Y. Z., et al. (2022). Empirical study on the impact of the digital economy on the high-quality development of the sports industry—Taking panel data from 14 provincial administrative regions as examples. Journal of Guangzhou Sport University, 42(5), 49-58.
  3. Hackenberg, J. (2021). How technology can help sport boost its green credentials. Engineering & Technology, 16(11), 15-15.
  4. Dai, J., & Zhu, Q. (2024). ESG performance and green innovation in a digital transformation perspective. American Journal of Economics and Sociology, 83(1), 263-282.
  5. Kwilinski, A., Oleksii, L., & Pimonenko, T. (2023). Unlocking Sustainable Value through Digital Transformation: An Examination of ESG Performance. Information, 14, 444.
  6. Ge, G., Xiao, X., & Li, Z. (2022). Does ESG Performance Promote High-Quality Development of Enterprises in China? The Mediating Role of Innovation Input. Sustainability, 14(7), 3843.
  7. Yang, Z., Li, D., & Chen, Y. (2024). Research on the "Green Swan" Risk in Financial Markets: Based on the Dual Perspectives of Physical Risk and Transition Risk. Journal of Management World, 40(2), 47-63.
  8. Wang, Y. H., & Guo, Y. Z. (2023). Enterprise digital transformation and ESG performance—Based on empirical evidence from Chinese listed companies. Journal of Finance and Economics, 49(9), 94-108.
  9. Chai, W. J., Gong, Z. H., & Shi, H. X., et al. (2023). The role mechanism and realization path of digital technology empowering large-scale sports events to achieve carbon neutrality. Journal of Wuhan Sports University, (10), 12-21.
  10. Zhong, J. Q., Cui, R. H., & Zhao, W. Z., et al. (2018). Study on the spatial differentiation and its coupling relationship of input-output-efficiency of China's sports industry. Journal of Shenyang Sport University, (1), 41-50.
  11. Qin, D., Yang, J., & Du, C. R., et al. (2023). The impact of digitalization on the high-quality development of the sports industry—Based on the U-shaped moderating effect of the institutional environment. Journal of Guangzhou Sport University, 43(4), 13-23.
  12. Shen, K. Y., Lin, S. T., & Dong, Q. Q., et al. (2022). The practical requirements, development dilemmas, and practical strategies for the digital transformation of China's sports industry. Journal of Wuhan Sports University, (8), 51-59.
  13. Bi, D. T., Huang, W. X., & Wang, L., et al. (2023). How does the development of urban digital economy affect corporate ESG performance? —The urban-enterprise collaborative path for green high-quality development. Scientometrics, (11-17).
  14. Wang, D., & Zhang, D. (2023). ESG performance, high-quality development of manufacturing and digital transformation. Statistics and Decision, (19), 172-176.
  15. Wen, S. B., & Fang, Y. (2008). An empirical study of the relationship between corporate social responsibility and financial performance: A stakeholder perspective panel data analysis. China Industrial Economy, (10), 150-160.
  16. Li, H. Y., Lu, Z. Q., & Yao, H. X. (2009). The mechanism of corporate social responsibility affecting company performance: A theoretical explanation based on social capital. Soft Science, (10), 133-137.
  17. Olofsson, P., Rholm, A., & Uddin, G. S., et al. (2021). Ethical and Unethical Investments Under Extreme Market Conditions. International Review of Financial Analysis, (78).
  18. Han, Y., & Ma, L. P. (2020). Study on the transformation of industrial structure and economic growth in the stage of high-quality development in China—Based on the logical framework of structure-efficiency-speed. Research on Economics and Management, 41(12), 28-40.
  19. Ma, J., Gao, D., & Sun, J. (2022). Does ESG performance promote total factor productivity? Evidence from China. Frontiers in Ecology and Evolution, 10.
  20. Zhu, N. P., Zhu, L., & Kong, Y. S., et al. (2014). Study on the synergistic impact of technological innovation input and corporate social responsibility on financial performance. Accounting Research, (2), 57-63.
  21. Zhang, J., Zi, S., & Shao, P., et al. (2020). The value of corporate social responsibility during the crisis: Chinese evidence. Pacific-Basin Finance Journal, 64, 101432.
  22. Hoffman, M. L. (2001). Empathy and moral development: Implications for caring and justice. Cambridge University Press.
  23. Benner, M., & Waldfogel, J. (2020). Changing the Channel: Digitization and the Rise of “Middle Tail” Strategies. Strategic Management Journal, 44.
  24. Loebbecke, C., & Picot, A. (2015). Reflections on societal and business model transformation arising from digitization and big data analytics: A research agenda. The Journal of Strategic Information Systems, 24(3), 149-157.
  25. Wu, F., Hu, H. Z., & Lin, H. Y., et al. (2021). Enterprise digital transformation and capital market performance—Evidence from stock liquidity. Management World, 37(07), 130-144+10.
  26. Dodgson, M., Gann, D., & Wladwsky-Berger, I., et al. (2015). Managing Digital Money. The Academy of Management Journal, 58, 325-333.
  27. Zhu, A. P., & Wei, H. S. (2024). The relationship between ESG performance and corporate performance—Based on the moderating effect of digital transformation. Friend of Accountancy, (02), 44-52.
  28. Xu, N., Zhang, D., & Li, X. Q., et al. (2024). How does managerial long-termism promote corporate technological innovation—The moderating effect of digital transformation. Science and Technology Progress and Countermeasures: 1-10 [2024-02-05].
  29. Cordano, M., Marshall, R. S., & Silverman, M. (2010). How do Small and Medium Enterprises Go “Green”? A Study of Environmental Management Programs in the U.S. Wine Industry. Journal of Business Ethics, 92(3), 463-478.
  30. Jin, B. (2018). Economic research on "high-quality development". China Industrial Economy, (04), 5-18.
  31. Sun, H. X. (2013). Estimation of total factor productivity of the three major industries in Beijing. Modern Management Science, (10), 64-65.
  32. Rolf, F., et al. (1994). Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries. The American Economic Review, 84(1), 66-83.
  33. Lu, X. D., & Lian, Y. J. (2012). Estimation of total factor productivity of Chinese industrial enterprises: 1999—2007. Economics Quarterly, 11(02), 541-558.
  34. Alajmi, A., & Worthington, A. (2021). Corporate Governance: Joining the Dots between Institutional Reform, Organizational Change, and Firm Performance. SSRN Electronic Journal.
  35. Liu, Z. B., & Ling, Y. H. (2020). Structural Transformation, Total Factor Productivity, and High-Quality Development. Management World, (7), 15-29.
  36. Oh, W. Y., Chang, Y., & Kim, T. Y. (2018). Complementary or Substitutive Effects? Corporate Governance Mechanisms and Corporate Social Responsibility. Journal of Management, 44, 2716-2739.
  37. Yi, W. Y., Yang, Q., & Zhang, L. L. (2023). The impact of ESG performance on corporate value—Empirical analysis based on A-share sports concept listed companies in China. Journal of Wuhan Sports University, (10), 47-54.
  38. Chen, Q. (2014). Advanced econometrics and Stata application (2nd ed.). Beijing: Higher Education Press, 543.
  39. Deng, X., & Cheng, X. (2019). Can ESG Indices Improve the Enterprises’ Stock Market Performance? —An Empirical Study from China. Sustainability, 11(17), 4765.
  40. Helm, I. A., Khater, M., & Zaki, M. (2018). Digital Business Transformation and Strategy: What Do We Know So Far?.
  41. Ocasio, W., Laamanen, T., & Vaara, E. (2018). Communication and attention dynamics: An attention-based view of strategic change. Strategic Management Journal, 39(1), 155-167.
  42. Deng, W., Cen, C., & Yang, J. (2024). Impact of Digital Lifestyles on Fitness Frequency and Fitness Hours among Young and Middle-Aged People: Insights Based on CFPS Data from 2014-2020. Journal of Shandong Sport University, 1-12.
© The Author(s). Published by MOSP. 
This is an open access article under the CC BY-NC license.

Cen, C.; Deng, W.; He, L.; Zhan, X.; Shi, K. Digital Transformation, ESG Performance, and Advanced Development of Sports Enterprises: Empirical Evidence from Listed Sports Companies on China's Shanghai and Shenzhen Stock Exchanges. Journal of International Economy and Global Governance 2024, 1 (4), 20-42.  https://doi.org/10.12414/jiegg.240269

Subscribe Your Manuscript
Branches
HanLin Group
澳科中文官网
Book Center
Patent Center
Services
For Authors
Book Builder
Projects
Young Mind
Beyond Expo.
About us
MOSP Team
MOAJ Team
Blog & News
Partnership
Careers
Contact
© 2021-2023 Macao Scientific Publishers ( Macao, P.R. China )
www.mospbs.com