## 2 Literature Review, Theoretical Analysis and Research Hypothesis
### 'Digital Technology for Good' Effect
In terms of the eidos of shared development, the value co-creation theory holds that in today's increasingly convenient human interaction, the value creation process of enterprises is no longer dominated by the output products of enterprises but also includes consumers in the value creation process, making the identity of producers and consumers frequently exchanged [33]. The platform economy created by digital transformation is gradually breaking the inherent boundaries between consumers and producers in the past, further expanding the scope of value creation and freeing the production process from geographical and identity boundaries [34]. In the current extensive enterprise practice, the alternating emergence and integration of digital technology and platform economy are gradually helping traditional manufacturing enterprises break through the barriers of \"intelligent upgrading and industrial integration\" and \"ecosystem architecture\", which greatly saves the obstacles among enterprises, consumers and other participants in the process of communication. At the same time, it can facilitate the sharing of a production material among multiple entities, greatly improving the efficiency of production materials usage and reducing the idle cost of related assets [35]. For example, recently launched in the Guangdong-Hong Kong-Macao Greater Bay Area, the Baidu Intelligent Cloud Industrial Internet Platform in Guangzhou has successfully connected more than 300 benchmarking enterprises in more than 22 industries, such as automobile, electronics, energy and power, equipment manufacturing, steel, chemical industry, water affairs, etc., by using AI algorithm combined with Internet technology. The production process of the whole supply chain is transparent so that some consumers have the opportunity to participate in the production process of the product. Baidu and local entrepreneurs expect that the completion of the platform will save more than 10 million yuan per year for the whole supply chain, which greatly promotes the formation of a local shared development atmosphere. In terms of the eidos of equitable development, the idea of common prosperity is the supreme pursuit of human development and an urgent requirement for current economic development. It requires that development should be the joint efforts of all and that the fruits of development should be shared by all. At present, digital technology has penetrated all aspects of people's daily activities, such as consumption, employment, and financial credit [36]. [PERSON] et al. used the data of third world countries in Asia as a sample to empirically test the poverty reduction effect of inclusive finance [37] (a product of the combination of traditional finance and digital technology). [PERSON] et al. found through empirical tests that digital finance helps to improve the financing channels of SMEs and thus improves the operating efficiency of enterprises [38]. From the research results of the above scholars, it is not difficult to see that the inclusive effect of digital technology is obvious. Its unique 'information effect' (facilitating communication between different individuals) bridged the information gap between different social classes and between oligopolistic enterprises and small and medium-sized enterprises and promoted the development of social equity. Because the internal operations of enterprises are also more open and transparent [39], the systems of enterprises will inevitably tend to be fair. Under the joint supervision of all sectors of society, the business philosophy of enterprises will also become increasingly fair. Based on the above analysis, we propose the hypothesis:  
**H1. **_Digital transformation is conducive to ESG performance_.