PLoS ONE,
Год журнала:
2024,
Номер
19(12), С. e0313623 - e0313623
Опубликована: Дек. 27, 2024
Informed
trading,
driven
by
information
asymmetry
and
market
imperfections,
varies
in
presence
across
markets.
This
form
of
trading
not
only
distorts
transaction
prices
hinders
resource
allocation
but
also
initiates
adverse
selection
transactions,
increasing
liquidity
risks
potentially
precipitating
crashes,
thereby
impeding
the
market’s
healthy
development.
Utilizing
theory
principal-agent
theory,
this
paper
analyzes
data
from
A-share
listed
companies
2011
to
2022.
Employing
a
fixed-effect
model,
it
empirically
examines
influence
enterprise
digital
transformation
on
likelihood
informed
trading.
The
findings
demonstrate
that
markedly
reduces
Further
analysis
heterogeneity
indicates
that,
compared
state-owned,
non-high-tech
enterprises
western
region,
inhibitory
effect
is
more
pronounced
non-state-owned,
high-tech
eastern
central
regions.
Additionally,
chain
mediation
underscores
weakens
strengthens
internal
controls,
reducing
Finally,
employing
dynamic
panel
threshold
model
we
find
can
significantly
inhibit
transactions
when
have
reached
certain
level
technological
asset
accumulation.
Managerial Auditing Journal,
Год журнала:
2024,
Номер
unknown
Опубликована: Окт. 10, 2024
Purpose
This
paper
aims
to
investigate
how
digitalization
empowers
government
auditing
with
technical
power
serve
national
governance
better.
Design/methodology/approach
study
measures
the
audit
(AD)
index
by
textual
analysis
method
and
matches
provincial
AD
Chinese
listed
firm’s
data
from
2011
2019.
The
two-way
fixed
effect
regression
is
used
explore
nexus
of
corporate
green
innovation.
Findings
empirical
results
demonstrate
that
stimulates
innovation,
especially
for
substantive
Research
development
expenditures
on
personnel
capital
are
influential
mediators
increased
digitalization.
heterogeneity
indicates
anti-driving
fewer
informatization
or
lower
environmental
coverage,
incentive
state-owned
enterprises
firms
social
responsibility
reports.
Originality/value
incremental
contribution
lies
in
recognizing
progress
its
role
digital
governance,
which
extends
capabilities
expertise
into
view.
Based
analysis,
a
reliable
dictionary
built
machine-learning
methods.
Then,
authors
confirm
effectiveness
digitalization,
when
other
forms
fail
promote
also
attests
external
perspective.
authors’
findings
have
implications
ecological
civilization.
Business Strategy and the Environment,
Год журнала:
2024,
Номер
unknown
Опубликована: Дек. 15, 2024
ABSTRACT
The
interdependent
nature
of
supply
chains
allows
a
firm's
financing
activities
to
be
influenced
by
the
environmental,
social,
and
governance
(ESG)
performance
chain
partners.
Drawing
upon
congruence
theory,
this
paper
explores
impact
ESG
among
different
members
on
both
firm
financial
constraints
market
value.
This
study
employs
response
surface
analysis
cluster
examine
data
Chinese
listed
firms
their
from
2009
2022.
From
dyadic
perspective
customer–supplier,
results
suggest
that
customer
supplier
reduces
customers'
while
increasing
suppliers'
constraints.
reduction
in
enhances
further
reveals
configuration
patterns
within
triadic
customer–focal
firm–supplier.
Our
findings
enrich
empirical
research
chains,
offering
significant
insights
for
managers
investors
allocating
resources
formulating
investment
strategies.
PLoS ONE,
Год журнала:
2024,
Номер
19(12), С. e0313623 - e0313623
Опубликована: Дек. 27, 2024
Informed
trading,
driven
by
information
asymmetry
and
market
imperfections,
varies
in
presence
across
markets.
This
form
of
trading
not
only
distorts
transaction
prices
hinders
resource
allocation
but
also
initiates
adverse
selection
transactions,
increasing
liquidity
risks
potentially
precipitating
crashes,
thereby
impeding
the
market’s
healthy
development.
Utilizing
theory
principal-agent
theory,
this
paper
analyzes
data
from
A-share
listed
companies
2011
to
2022.
Employing
a
fixed-effect
model,
it
empirically
examines
influence
enterprise
digital
transformation
on
likelihood
informed
trading.
The
findings
demonstrate
that
markedly
reduces
Further
analysis
heterogeneity
indicates
that,
compared
state-owned,
non-high-tech
enterprises
western
region,
inhibitory
effect
is
more
pronounced
non-state-owned,
high-tech
eastern
central
regions.
Additionally,
chain
mediation
underscores
weakens
strengthens
internal
controls,
reducing
Finally,
employing
dynamic
panel
threshold
model
we
find
can
significantly
inhibit
transactions
when
have
reached
certain
level
technological
asset
accumulation.
