ESG评级分歧与企业数字化转型:耐心资本的权变效应OACHSSCD

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.