The 318th Wenlan Financial Forum

Abstract：

This paper, from the perspective of digital empowerment of the rule of law environment, discusses the impact of judicial efficiency improvement in the digital economy era on corporate ESG performance. The study finds that digital governance significantly enhances corporate ESG performance. Mechanism analysis indicates that digital governance significantly increases corporate litigation pressure, improves the efficiency of judicial procedures, and is conducive to shaping a favorable business environment, thereby promoting companies to actively enhance their social responsibility performance; a series of cross-sectional heterogeneity analyses further support the aforementioned mechanisms. Further analysis shows that digital governance is beneficial for enhancing supply chain stability and reducing ESG divergence. The research conclusion is of great significance for deepening the digital reform of the rule of law to promote high-quality development of enterprises.

Speaker Introduction：

Feng He, Doctor of Management and Doctor of Economics, Professor and Doctoral Supervisor at the School of Finance, Capital University of Economics and Business, Deputy Director of the Scientific Research Office, Director of the Climate Finance Research Center at the China ESG Research Institute; main research directions include green finance and ESG, climate finance, digital economy, corporate finance, derivatives, and risk management. He serves as the associate editor and guest editor for several ABS 3-star, SSCI Q1, and CAS Q1 journals. He is a director of the Financial System Engineering Committee of the China System Engineering Society, an executive director of the Climate Finance Research Branch of the China Optimization, Overall Planning and Economic Mathematics Research Association, a part-time researcher at the Global Family Business Research Center of Tsinghua University's Five Daokou School of Finance, a doctoral supervisor at Massey University in New Zealand, and the deputy secretary-general of the China Derivatives Youth Forum. He was selected as one of the top 2% of global scientists by Stanford University (2024), and has published over 70 articles in high-level Chinese and English journals, including "Systems Engineering Theory and Practice," "Quantitative Economics and Technology Economics Research," "Financial Research," Journal of Business Ethics, British Accounting Review, Journal of Futures Markets, Quantitative Finance, Energy Economics, Annals of Operations Research, and other well-known domestic and international journals; among them, there are more than ten ESI highly cited and hot papers. He has presided over the National Natural Science Foundation for Young Scientists, General Program, the National Social Science Fund General Program, and the China Association for Science and Technology Think Tank Project, and other research topics. He has won the first prize of Tianjin Social Science Achievement, the third prize of Tianjin Young Teacher Teaching Competition for Liberal Arts Group, and the Excellence Award of Beijing University Teacher Teaching Innovation Competition.