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Journal ArticleDOI

How Does the Digital Transformation of Banks Improve Efficiency and Environmental, Social, and Governance Performance?

26 Jun 2023-Systems-Vol. 11, Iss: 7, pp 328-328
TL;DR: Wang et al. as mentioned in this paper explored the relationship between digital bank transformation and bank efficiency, environment, society, and corporate governance through empirical analysis, and how executives' innovation awareness and executive technical background affect the relationships between Digital bank transformation, bank efficiency and ESG.
Abstract: In the era of the digital economy, traditional industries have begun to realize digital transformations. For commercial banks, digital transformation is a trend and a requirement and is the only way to achieve sustainable development. At the same time, at the helm of the enterprise, executives play an essential role in the development of commercial banks. This study explored the relationship between digital bank transformation and bank efficiency, environment, society, and corporate governance (ESG) through empirical analysis, and how executives’ innovation awareness and executive technical background affect the relationships between digital bank transformation, bank efficiency, and ESG. This study used the regression method of fixed effects to conduct empirical research on the data of China’s A-share listed banks from 2011 to 2021. The research results show that the digital transformation of banks has improved efficiency and promoted the ESG performance of commercial banks. At the same time, executives’ innovation consciousness and technical background have played a positive regulatory role in banks’ digital transformation to promote bank efficiency and ESG. The main research object of this study was Chinese commercial banks. The bank’s digital transformation results were examined and the research was expanded to digital transformation and ESG. At the same time, this study has particular significance for investors who have a financial interest in banks.

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References
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Journal ArticleDOI
TL;DR: The authors aim to synthesize the challenges that retailers are facing during the COVID-19 emergency from the perspective of both consumers and managers, with the goal of providing guidelines on and examples of how retailers can handle this unprecedented situation.

384 citations

Journal ArticleDOI
01 Dec 2012
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TL;DR: In this article, the authors assess the potential impact of Fintech on the banking industry and find that development of financial technology leads to increased profitability, financial innovation, and improved control of risk.

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TL;DR: It is suggested that different projects must be approached by different managerial philosophies based on their technological uncertainty — specifically the newness and complexity of the technology involved.
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94 citations

Trending Questions (3)
How can banks use digital technologies to improve performance?

The paper discusses that banks can use digital transformation, including technologies like mobile banking, artificial intelligence, blockchain, and big data, to improve efficiency and promote environmental, social, and governance (ESG) performance.

What is the relevance of digital transformation in the banking sector?

The paper discusses the relevance of digital transformation in the banking sector, stating that it is a trend and a requirement for achieving sustainable development. It improves efficiency and promotes the environmental, social, and governance (ESG) performance of commercial banks.

What is the relevance of digital transformation in banking?

The paper discusses that digital transformation in banking is essential for achieving sustainable development and improving efficiency and environmental, social, and governance (ESG) performance.