Digital transformation, life cycle and internal control effectiveness: Evidence from China

被引：42
作者：
Zhao, Tianyu [1 ]
Yan, Na [1 ,2 ]
Ji, Liya [3 ,4 ]
机构：
[1] Jiangxi Univ Finance & Econ, Sch Accounting, Nanchang 330000, Peoples R China
[2] Zhongnan Univ Econ & Law, Sch Accounting, Wuhan 430000, Peoples R China
[3] Wenzhou Univ Technol, Sch Econ & Management, Wenzhou 325055, Peoples R China
[4] Wenzhou Univ Technol, Wenzhounese Econ Res Inst, 337 Jinhai Third Rd,Longwan Econ & Technol Dev Zon, Wenzhou 325055, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 58卷
基金：
中国国家自然科学基金;
关键词：
Digital transformation; Internal control effectiveness; Corporate life cycle; Asymmetric information; Cost of agency;
D O I：
10.1016/j.frl.2023.104223
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Based on corporate life cycle theory, this paper investigates the impact of digital transformation on the effectiveness of internal control by analyzing data from Chinese listed companies from 2007-2021. The empirical results show that digital transformation can improve internal control effectiveness by alleviating information asymmetry and reducing agency costs, and that this effect is significant to firms in growth and maturity stage, but not firms in decline stage. In addition, digital transformation has a more significant effect on the effectiveness of internal control in hightech enterprises and manufacturing firms. This paper provides insights into the impact of digital transformation on corporate governance and have policy implications for promoting smooth capital market operation.
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页数：10
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