Digital transformation and ESG performance: the role of state ownership
デジタルトランスフォーメーションとESGパフォーマンス：国有企業の所有形態の役割 (AI 翻訳)
Mai-Phuong Nguyen, Minh Thi Ngoc Trieu
🤖 gxceed AI 要約
日本語
ベトナムの上場製造企業を対象に、デジタルトランスフォーメーションがESGパフォーマンスに与える影響を分析。テキストマイニングを用いてDX度とESG開示を定量化し、国有企業ではその効果が弱まることを発見した。
English
Using a panel of Vietnamese manufacturing firms from 2018-2024, this study finds that digital transformation positively impacts ESG performance, but the effect is weaker for state-owned enterprises. The analysis employs text-mining methods to measure digitalization and ESG disclosure from annual reports.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
ベトナム固有の研究だが、テキストマイニングによる開示分析手法は日本の統合報告書・有価証券報告書にも応用可能。国有企業のガバナンス特性がDX活用を阻む示唆は、日本における政府出資企業や公的機関にも参考になる。
In the global GX context
This study provides empirical evidence from an emerging market with strong state influence, contributing to the global understanding of how ownership structure moderates the digital-ESG link. The text-mining methodology offers a scalable approach for analyzing corporate disclosures across jurisdictions.
👥 読者別の含意
🔬研究者:The paper offers a novel text-mining approach to measure digital transformation and ESG performance, and tests moderation by state ownership, which can inspire further research in other emerging economies.
🏢実務担当者:Private firms in emerging markets may leverage digital transformation for better ESG performance, while state-owned enterprises need to address governance barriers to realize digital benefits.
🏛政策担当者:Policymakers should consider strengthening ESG reporting regulations and promoting digital-ESG integration, especially for state-owned enterprises, to enhance sustainability outcomes.
📄 Abstract（原文）
This study investigates the effect of digital transformation on firms’ environmental, social and governance (ESG) performance and examines how state ownership moderates this relationship. It aims to clarify whether digital capabilities enhance sustainability outcomes across different ownership structures in an emerging market context. The analysis draws on a panel dataset of industrial manufacturing firms listed in Vietnam from 2018 to 2024. Digital transformation is measured using a text-based index derived from annual reports, constructed through keyword frequency analysis. ESG performance is proxied by ESG disclosure, quantified using the term frequency-inverse document frequency method. Panel regression models with interaction terms assess the moderating effect of state ownership, while subgroup analyses examine heterogeneity across ownership forms. Digital transformation has a significant positive influence on ESG performance. However, this effect appears to be less pronounced for state-owned enterprises, suggesting that institutional and governance characteristics may attenuate firms’ ability to translate digital investments into sustainability outcomes. The findings offer insights for policymakers and managers seeking to align digital strategies with sustainability objectives. Enhancing ESG reporting regulations, fostering digital–ESG integration and improving governance mechanisms in state-owned firms may amplify the sustainability benefits of digital transformation. This study contributes to the literature by providing empirical evidence on the digital transformation–ESG nexus in a transition economy where state influence remains prominent. Methodologically, it introduces a scalable text-mining approach to measuring firm-level digitalization and ESG engagement using corporate disclosures.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1108/ara-12-2025-0466first seen 2026-07-25 05:53:32
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