Impact of interlocking directors with digital experience on corporate digitalization: Evidence from China

被引：4

作者：

Li, Wentao ^{[1
]}

Li, Xue ^{[2
]}

Peng, Lanying ^{[3
]}

Yao, Zhenye ^{[2
]}

机构：

[1] Guangdong Univ Technol, Sch Management, 161 Yinglong Rd, Guangzhou 510520, Peoples R China

[2] Shandong Univ, Sch Management, 27 Shanda South Rd, Jinan 250100, Peoples R China

[3] Jinan Univ, Sch Econ, 601 Huangpu Rd, Guangzhou 510632, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2024年 / 62卷

基金：

中国国家自然科学基金;

关键词：

Interlocking Directors; Digital Experience; Corporate Digitalization; INNOVATION;

D O I：

10.1016/j.frl.2024.105142

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We examine the impact of interlocking directors with digital experience on corporate digitalization. Using a sample of Chinese listed firms from 2007 to 2021, we find that interlocking directors with digitalization experience have significant positive effect on the focal firm's digitalization. Mechanism analyses further indicate that these interlocking directors play a pivotal role in enabling firms to reduce information asymmetry and alleviate financial constraints by weakening managerial myopia in the focal firm. Cross-sectional analyses highlight that the favorable effect of such interlocking directors mainly exists in non-SOEs and firms with younger CEOs.

引用

页数：7

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