Differences make a difference: Board diversity and enterprise digital transformation

被引：0

作者：

Xu, Huaining ^{[1
]}

Liu, Shasha ^{[1
]}

Kong, Gaowen ^{[2
]}

机构：

[1] Jinan Univ, Guangzhou, Peoples R China

[2] Guangzhou Univ, Guangzhou, Peoples R China

来源：

ECONOMIC ANALYSIS AND POLICY | 2025年 / 86卷

基金：

中国国家自然科学基金;

关键词：

Board diversity; Digital transformation; Financing constraints; Risk taking; RISK; PERFORMANCE; INVESTMENT; DIRECTORS; DEBT;

D O I：

10.1016/j.eap.2025.03.046

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Our study examines the influence of board diversity on enterprise digital transformation and its underlying mechanisms. We find that board diversity significantly facilitates digital transformation, a finding that remains consistent across various tests. Notably, this positive effect is primarily attributed to the easing of financing constraints and a heightened tolerance for risk. Furthermore, the study indicates that in scenarios characterized by poor debt repayment capacity, low credit rating, excessive debt caution, pronounced underinvestment, and non-state ownership, the role of board diversity in advancing digital transformation becomes more pronounced. Additionally, our research highlights that the impact of occupational diversity is more significant than that of social diversity, and the influence of diversity among executive directors is more substantial than that among non-executive directors in driving digital transformation. With the enhancement of board diversity and the advancement of digital transformation, enterprise value has been significantly improved.

引用

页码：545 / 558

页数：14

共 51 条

[1] Board gender diversity, power, and bank risk taking [J].