Sustainability, Год журнала: 2023, Номер 15(6), С. 5059 - 5059

Опубликована: Март 13, 2023

The ability of A-share listed companies to adhere the digital economy and achieve long-term corporate benefits amidst an uncertain external environment through financial transformation remains a crucial concern for entrepreneurs scholars. objective this study was scrutinize effect on performance among 2566 China’s in hopes providing informative recommendations businesses that are currently undertaking or planning undertake transformation. To investigate mechanism by which influenced transformation, panel data regression model utilized. findings suggest that, first foremost, significantly boosts companies, enhancement is sustainable over time. For every 1% growth improves 1.1%. Corporate projected improve 29.8% during next three years. Secondly, information symmetry operational expenses function as intermediaries process affects firm performance. increase level firms grows 15.1%, while cost rate declines 0.8%. Thirdly, disclosure operating costs play chained intermediary role. Every reduces 2.3%. Fourthly, comparison enterprises eastern provinces, located central western provinces better positioned their

Язык: Английский