科学与管理2026，Vol.46Issue(4)：47-56,10.DOI:10.3969/j.issn.1003-8256.2026.04.006
ESG评级分歧与企业数字化转型:耐心资本的权变效应
ESG Rating Divergence and Corporate Digital Transformation:The Contingency Effect of Patient Capital
摘要
Abstract
This study integrates institutional theory and resource dependence theory to examine the impact of ESG rating divergence on corporate digital transformation among Chinese A-share listed companies from 2015 to 2023.Findings reveal that ESG rating divergence,as a source of external institutional pressure and resource uncertainty,significantly drives firms to pursue digital transformation to reshape organizational legitimacy and manage critical resource dependencies.Patient capital,acting as a vital resource buffer,negatively moderates this positive relationship.Mechanism tests indicate that alleviating financing constraints serve as a key mediating pathway.This study reveals the intrinsic drivers and boundary conditions of corporate digital transformation as a strategic response to ESG rating divergence.关键词
ESG评级分歧/数字化转型/耐心资本/融资约束Key words
ESG rating divergence/digital transformation/patient capital/financing constraints分类
管理科学引用本文复制引用
李璨,闫广亮,周文帆..ESG评级分歧与企业数字化转型:耐心资本的权变效应[J].科学与管理,2026,46(4):47-56,10.基金项目
国家自然科学基金青年项目(72202232) （72202232）
北京市自然科学基金青年项目(9254040) （9254040）
