Firms in Times of Economic Uncertainty: Digital Integration to Counter Information Asymmetry and ESG Controversies

Business Ethics the Environment & Responsibility, Год журнала: 2025, Номер unknown

Опубликована: Янв. 21, 2025

ABSTRACT This study investigates the impact of economic uncertainty on information asymmetry and ESG (Environmental, Social, Governance) controversies within companies, while exploring moderating role digital integration. By analyzing a panel 1303 companies across 20 European countries from 2016 to 2023, employing two‐stage generalized method moments (GMM) least squares (2SLS) for robustness tests, research reveals that uncertainty, as measured by Economic Policy Uncertainty (EPU) index, exacerbates heightens controversies. However, adoption technologies mitigates these adverse effects enhancing transparency reducing likelihood opportunistic behavior. Theoretically, this contributes understanding how digitalization can reinforce corporate governance sustainability in uncertain times. Practically, findings suggest should accelerate their efforts safeguard against destabilizing bolstering social responsibility performance.

Язык: Английский

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Digital economy, dual innovation capability and enterprise labor productivity

International Review of Financial Analysis, Год журнала: 2025, Номер unknown, С. 104005 - 104005

Опубликована: Фев. 1, 2025

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How Digital Finance Promotes Technological Innovation: Evidence from China

Опубликована: Янв. 1, 2023

This article confirms the direct positive effect of digital finance on technological innovation and explores its regional heterogeneity. It further demonstrates mediation from fund supply side product demand innovation, proving that stimulates by promoting R&D investment consumer demand. However, it was found role technology credit not established, suggesting financial institution for research funding does significantly drive mainly encourages non-financial funds.

Язык: Английский

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Digital transformation and labour investment efficiency: Heterogeneity across the enterprise life cycle

Finance research letters, Год журнала: 2023, Номер 58, С. 104537 - 104537

Опубликована: Сен. 29, 2023

Язык: Английский

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Can digitalization empowerment improve the efficiency of corporate capital allocation? —Evidence from China

Economic Analysis and Policy, Год журнала: 2023, Номер 80, С. 1794 - 1810

Опубликована: Ноя. 10, 2023

Язык: Английский

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