Digital Transformation, Green Transformation and Corporate Risk Taking——Evidence from ChiNext Listed Companies

Digital Transformation, Green Transformation and Corporate Risk Taking——Evidence from ChiNext Listed Companies | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Article Digital Transformation, Green Transformation and Corporate Risk Taking——Evidence from ChiNext Listed Companies Juan Wang, Khairul Ayuni Binti Mohd Kharuddin, Rina Fadhilah Binti Ismail This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-4768542/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract China's economic development is significantly advancing through digital and green synergy transformation. ChiNext listed companies have the traits of higher growth and higher innovation, which lead to smoother and easier corporate digital and green synergy transformation. Corporate digital transformation and corporate green transformation have a profound impact on the operation and management activities of companies and have become important factors affecting corporate risk taking. Based on the samples of ChiNext listed companies from 2012 to 2022, this paper examines the impact of digital and green synergy transformation on corporate risk taking. This paper draws the following conclusions: Both digital transformation and green transformation significantly enhance corporate risk taking, and dual synergy transformation significantly enhances corporate risk taking. Further research shows that compared with state-owned companies, non-state-owned companies ' dual transformation have more significant influence on corporate risk taking. Compared with labor-intensive companies, the synergy transformation of capital-intensive companies and technology-intensive companies significantly promotes corporate risk taking. These conclusions have certain practical significance for promoting dual synergy transformation of companies and improving corporate risk taking behavior. Full Text Additional Declarations No competing interests reported. Supplementary Files data.xlsx Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. 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Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-4768542","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Article","associatedPublications":[],"authors":[{"id":354369419,"identity":"d1398ffb-aeae-46f4-a3b7-677a6d27d856","order_by":0,"name":"Juan Wang","email":"","orcid":"","institution":"Shandong Women’s University","correspondingAuthor":false,"prefix":"","firstName":"Juan","middleName":"","lastName":"Wang","suffix":""},{"id":354369420,"identity":"b109372c-d2be-402b-80a4-04d65e327b52","order_by":1,"name":"Khairul Ayuni Binti Mohd Kharuddin","email":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAZAAAAAyAQMAAABI0h/eAAAABlBMVEX///8AAABVwtN+AAAACXBIWXMAAA7EAAAOxAGVKw4bAAAAzUlEQVRIiWNgGAWjYLCCBIYEOQZmMJOZeC3GDMzMpGgBakpsYCBWC/+MHLMHD3PS0jcc5z+6gaHCOrFB7IwBXi0SN3LMDRK35eRuOMzMdoPhTHpig3QOfi0MN3LMJBK3VUC0MLYdJqxFHqol3QCs5R8RWgwgWnISIFoaiNBieOZZGVBLmuHMw8xmNxKOpRu3SacV4NUidzx5m+TPbcnyfOcPPrvxocZatl86eQNeLQwCCUgcEJuNgYNAiPEfwBBif4BfyygYBaNgFIw0AACWIkd4afiZegAAAABJRU5ErkJggg==","orcid":"","institution":"Universiti Teknologi MARA, Shah Alam","correspondingAuthor":true,"prefix":"","firstName":"Khairul","middleName":"Ayuni Binti Mohd","lastName":"Kharuddin","suffix":""},{"id":354369421,"identity":"fcdaa2c6-a164-4e1d-9db7-e78a28b25d2c","order_by":2,"name":"Rina Fadhilah Binti Ismail","email":"","orcid":"","institution":"Universiti Teknologi MARA, Shah Alam","correspondingAuthor":false,"prefix":"","firstName":"Rina","middleName":"Fadhilah Binti","lastName":"Ismail","suffix":""}],"badges":[],"createdAt":"2024-07-19 15:57:45","currentVersionCode":1,"declarations":"","doi":"10.21203/rs.3.rs-4768542/v1","doiUrl":"https://doi.org/10.21203/rs.3.rs-4768542/v1","draftVersion":[],"editorialEvents":[],"editorialNote":"","failedWorkflow":false,"files":[{"id":77283265,"identity":"85558953-c056-4788-b5dd-a4070fbf2282","added_by":"auto","created_at":"2025-02-27 04:46:44","extension":"pdf","order_by":1,"title":"","display":"","copyAsset":false,"role":"manuscript-pdf","size":310969,"visible":true,"origin":"","legend":"","description":"","filename":"DigitalTransformationGreenTransformationandCorporateRiskTaking.pdf","url":"https://assets-eu.researchsquare.com/files/rs-4768542/v1_covered_b141f00f-79cf-4ddc-ba72-313ca3e6c08e.pdf"},{"id":64863347,"identity":"b57762b5-08e7-4170-bad4-50135759d244","added_by":"auto","created_at":"2024-09-19 17:24:20","extension":"xlsx","order_by":2,"title":"","display":"","copyAsset":false,"role":"supplement","size":455129,"visible":true,"origin":"","legend":"","description":"","filename":"data.xlsx","url":"https://assets-eu.researchsquare.com/files/rs-4768542/v1/f5966f42d7839c06ab9accee.xlsx"}],"financialInterests":"No competing interests reported.","formattedTitle":"Digital Transformation, Green Transformation and Corporate Risk Taking——Evidence from ChiNext Listed Companies","fulltext":[],"fulltextSource":"","fullText":"","funders":[],"hasAdminPriorityOnWorkflow":false,"hasManuscriptDocX":false,"hasOptedInToPreprint":true,"hasPassedJournalQc":"","hasAnyPriority":false,"hideJournal":true,"highlight":"","institution":"","isAcceptedByJournal":false,"isAuthorSuppliedPdf":true,"isDeskRejected":"","isHiddenFromSearch":false,"isInQc":false,"isInWorkflow":false,"isPdf":true,"isPdfUpToDate":true,"isWithdrawnOrRetracted":false,"journal":{"display":true,"email":"[email protected]","identity":"researchsquare","isNatureJournal":false,"hasQc":true,"allowDirectSubmit":true,"externalIdentity":"","sideBox":"","snPcode":"","submissionUrl":"/submission","title":"Research Square","twitterHandle":"researchsquare","acdcEnabled":true,"dfaEnabled":false,"editorialSystem":"","reportingPortfolio":"","inReviewEnabled":false,"inReviewRevisionsEnabled":true},"keywords":"","lastPublishedDoi":"10.21203/rs.3.rs-4768542/v1","lastPublishedDoiUrl":"https://doi.org/10.21203/rs.3.rs-4768542/v1","license":{"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/"},"manuscriptAbstract":"China's economic development is significantly advancing through digital and green synergy transformation. 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