Digital transformation and enterprise outward foreign direct investment

被引：2
|
作者：
Wang, Guiying [1 ]
Lamadrid, Richel L. [1 ]
Huang, Yu [2 ]
机构：
[1] St Louis Univ, Sch Adv Studies, Baguio 2600, Philippines
[2] Mian Yang Teachers Coll, Sch Informat Engn, Mianyang 621000, Sichuan, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 65卷
关键词：
Digital transformation; Outward foreign direct investment; Overseas operational costs; Technological innovation capabilities; EMISSION;
D O I：
10.1016/j.frl.2024.105593
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This research empirically investigates the influence of digital transformation on firms' outward foreign direct investment (OFDI), utilizing data from A-share listed companies in Shanghai and Shenzhen from 2009 to 2022. The results indicate that digital transformation notably enhances OFDI. Robustness tests further confirm the dependability and relevance of the study's findings. This effect is particularly evident in state-owned enterprises, companies operating in fiercely competitive industries, and executives with international backgrounds. Mechanism analysis suggests that digital transformation drives OFDI by reducing overseas operational costs and enhancing technological innovation capabilities.
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页数：9
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