The impact of regional environmental regulations on digital transformation of energy companies: The moderating role of the top management team

How energy businesses undergo digital transformation is a critical topic in light of China's "dual carbon" strategy. Based on institutional theory, upper-echelon theory, and managerial-mindset solidification, this article examines how regional environmental regulation affects the digital transformation of energy enterprises from 2016 to 2021 and the moderating role of the top management team in this transformation. The empirical findings show that regional environmental regulations significantly promote the digital transformation of energy companies; however, the average age, education level, and average tenure of the top management team can negatively influence this effect. The results of this study also lead to recommendations on how government agencies and energy enterprises should undertake digital transformation.