The impact of enterprise digital transformation on risk-taking: Evidence from China

被引：19

作者：

Luo, Wenbing ^{[1
,2
]}

Yu, Yuxin ^{[1
]}

Deng, Mingjun ^{[3
]}

机构：

[1] Hunan Univ Sci & Technol, Sch Business, Xiangtan, Peoples R China

[2] Hunan Univ Technol & Business, Sch Accounting, Changsha, Peoples R China

[3] Hunan Univ Med, Sch Med Humanity & Informat Management, Huaihua, Peoples R China

来源：

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2024年 / 69卷

关键词：

Digital transformation; Enterprise risk-taking; Managerial ability; Strategic deviance; Asset utilization; Investment efficiency; LARGE SHAREHOLDER DIVERSIFICATION; INFORMATION-TECHNOLOGY; DYNAMIC CAPABILITIES; MODERATING ROLE; CEO; PERFORMANCE; INCENTIVES; INNOVATION; STRATEGY; OWNERS;

D O I：

10.1016/j.ribaf.2024.102285

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

With the continuous emergence of digital technology, the transformation and upgrading of enterprise digitalization has become the focus of the industry. This paper takes all A-share listed enterprises in China's capital market from 2010 to 2021 as the sample, to test the impact of digital transformation on risk-taking. The research finds that digital transformation significantly promotes risk-taking level. Further analysis shows that the impact of enterprise digitalization on risktaking has obvious heterogeneity, the positive impact is more significant in non-heavily polluting enterprises, small-scale enterprises and non-state-owned enterprises; investment efficiency and cost stickiness moderate the above relationship; digital transformation enhances risk-taking by improving managerial ability, strategic deviance and asset utilization. Our study provides enlightenment for enhancing the risk-taking level.

引用

页数：21

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