Author(s)

Kexin Zhang ¹

Affiliation(s)

¹ College of Business and Economics, Australian National University, Acton, ACT, 2601, Australia

Corresponding Author

Kexin Zhang

ABSTRACT

With the transformation of global economy to sustainable development, the business model of enterprises is undergoing profound changes. ESG practice has gradually become an important standard to measure corporate social responsibility and sustainable development ability, while digital transformation promotes enterprises to enhance market competitiveness by improving information transparency and management efficiency. In today's rapidly developing era, enterprises not only need to focus on their own sustainable development, but also keep up with the wave of digitalization. This article aims to discuss how companies can use digital transformation to address their financial concerns while pursuing environmental, social, and governance goals. We conducted in-depth research on the challenges faced by businesses in pursuing these two goals, and how these challenges affect their financing. Finally, we also provided some improvement suggestions from the perspectives of the government and enterprises.

KEYWORDS

ESG Practice, Digital Transformation, Enterprise financing constraints

CITE THIS PAPER

Kexin Zhang, Study on Corporate Financing Constraints Based on ESG Practice and Digital Transformation. Accounting, Auditing and Finance (2024) Vol. 5: 13-17. DOI: http://dx.doi.org/10.23977/accaf.2024.050303.

REFERENCES

[1] Yang P, Hao X, Wang L, et al: Moving toward sustainable development: the influence of digital transformation on corporate ESG performance, Kybernetes, Vol. 53 (2024) No.5: 669-687.
[2] Kwilinski A, Lyulyov O, Pimonenko T: Unlocking sustainable value through digital transformation: An examination of ESG performance, Information, Vol. 14 (2023) No.8: 444.
[3] Wang J, Song Z, Xue L: Digital technology for good: path and influence—based on the study of ESG performance of listed companies in China, Applied Sciences, Vol. 13 (2023) No.5: 2862.
[4] Liu Z, Chen Z, Hu L: Can enterprise digital transformation improve ESG performance, Managerial and Decision Economics, Vol. 45 (2024) No.7: 5088-5103.
[5] Haijun W, Songzheng W, Chen Z, et al: Does digital transformation improve ESG responsibility performance? Empirical research based on MSCI index, Foreign Economics & Management, Vol. 45 (2024) No.6: 19-35.

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