Applied Economics,
Год журнала:
2024,
Номер
unknown, С. 1 - 18
Опубликована: Март 19, 2024
This
study
explores
the
mechanisms
and
heterogeneity
of
impact
digital
finance
on
financial
mismatch
in
China,
utilizing
data
among
Chinese
A-share
listed
companies
for
period
from
2012
to
2021.
The
results
offer
following
key
findings:
(1)
notably
diminishes
mismatch,
a
battery
endogeneity
robustness
tests
validate
resilience
these
results;
(2)
alleviates
by
addressing
issues
related
financing
constraints,
information
asymmetry,
transformation;
(3)
analysis
shows
that
mitigating
effect
is
more
pronounced
regions
are
developed
financially,
non-state-owned
enterprises,
high-tech
industries,
low-polluting
industries.
Finance research letters,
Год журнала:
2024,
Номер
61, С. 105032 - 105032
Опубликована: Янв. 26, 2024
We
use
textual
analysis
to
measure
corporate
digital
transformation
by
the
frequency
of
terms
in
firm
10-K
report.
then
show
that
this
score
(DGS)
is
associated
with
value.
Importantly,
we
organizational
capital,
quality
governance,
information
quality,
and
IPO
age
play
non-negligible
roles
shaping
value
creation
transformation.
Our
fresh
evidence
indicates
firms
need
enhance
their
benefit
from
efforts.
Journal of Innovation & Knowledge,
Год журнала:
2024,
Номер
9(2), С. 100489 - 100489
Опубликована: Апрель 1, 2024
This
paper
investigates
the
impact
of
digital
transformation
on
innovation
within
agribusiness
sector,
both
theoretically
and
empirically,
through
an
examination
Chinese
A-share
agriculture-related
listed
companies
spanning
from
2011
to
2021.
The
findings
suggest
that
significantly
enhances
capability
agribusiness,
while
concurrently
fostering
improvements
its
quality.
These
results
hold
robust
following
endogeneity
test
a
series
robustness
tests.
Our
heterogeneity
analysis
found
exerts
more
pronounced
influence
promoting
among
state-owned
agribusinesses,
those
located
in
eastern
region
China,
facing
heightened
financing
constraints.
Mechanism
testing
revealed
not
only
technological
capabilities
but
also
alleviates
their
financial
constraints,
thereby
facilitating
convergence
innovative
resources
such
as
technology,
talent
capital
consequently
elevating
agribusi-ness
levels.
elucidates
impacts
mechanisms
innovation,
offering
valuable
insights
for
decision-makers
aiming
foster
particularly
developing
nations.
