Can the development of digital finance and information transparency improve enterprise investment efficiency?

被引：0
|
作者：
Ren, Yu [1 ]
Liu, Xiongfei [1 ]
Zhu, Yi [1 ]
机构：
[1] Yinchuan Univ Sci & Technol, Yinchuan 750001, Ningxia, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2025年 / 73卷
关键词：
Digital finance; Information transparency; Investment efficiency;
D O I：
10.1016/j.frl.2024.106597
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study analyzes data from A-share listed companies from 2012 to 2022 to investigate the impact of digital finance development and information transparency on corporate investment efficiency. Findings indicate that digital finance development and information transparency can enhance corporate investment efficiency. Moreover, financing constraints play a significant moderating role in the relationship between digital finance development and corporate investment efficiency. Finally, the impact of digital finance development on the investment efficiency of state-owned and non-state-owned enterprises varies, with a more pronounced effect on stateowned enterprises.
引用
收藏
页数：8
相关论文
共 50 条
  • [21] Can Digital Inclusive Finance Improve the Financial Performance of SMEs?
    Yu, Wei
    Huang, Huiqin
    Kong, Xinyan
    Zhu, Keying
    SUSTAINABILITY, 2023, 15 (03)
  • [22] Can higher levels of disclosure bring greater efficiency: Empirical research on the effect of government information disclosure on enterprise investment efficiency
    Yu, Wenchao
    Liang, Pinghan
    Gao, Nan
    CHINA ECONOMIC QUARTERLY INTERNATIONAL, 2021, 1 (03): : 221 - 232
  • [23] Research about the influence of transparency of accounting information on corporate investment efficiency
    Du, Jin
    Journal of Chemical and Pharmaceutical Research, 2014, 6 (07) : 888 - 892
  • [24] Can digital transformation improve the quality of enterprise innovation in China?
    Zhao, Ying
    Xu, Hongdi
    Liu, Guangyan
    Zhou, Yanting
    Wang, Yan
    EUROPEAN JOURNAL OF INNOVATION MANAGEMENT, 2025, 28 (03) : 1034 - 1060
  • [25] Can digital finance enhance enterprise research and development innovation? The mediating role of dual consumption behavior transformation
    Fang, Yinhai
    Liu, Zhihui
    FINANCE RESEARCH LETTERS, 2025, 71
  • [26] EM Algorithm-Based Enterprise Digital Transformation: Green Innovation Efficiency of Enterprise Investment
    Cao, Xinyu
    Xu, Li
    Duan, Qian
    MATHEMATICAL PROBLEMS IN ENGINEERING, 2022, 2022
  • [27] Evaluation of Enterprise Development and Identification of Ways to Improve Their Efficiency
    Inna, Babenko
    INNOVATION MANAGEMENT AND EDUCATION EXCELLENCE THROUGH VISION 2020, VOLS I -XI, 2018, : 680 - 686
  • [28] Priors in a Bayesian audit: How integration of existing information into the prior distribution can improve audit transparency and efficiency
    Derks, Koen
    de Swart, Jacques
    van Batenburg, Paul
    Wagenmakers, Eric-Jan
    Wetzels, Ruud
    INTERNATIONAL JOURNAL OF AUDITING, 2021, 25 (03) : 621 - 636
  • [29] Can digital transformation improve transparency and accountability of public governance in Nigeria?
    Shenkoya, Temitayo
    TRANSFORMING GOVERNMENT- PEOPLE PROCESS AND POLICY, 2023, 17 (01) : 54 - 71
  • [30] Can green bond improve the investment efficiency of renewable energy?
    Zhao, Qian
    Qin, Chuan
    Ding, Longfei
    Cheng, Ying-Yue
    Vatavu, Sorana
    ENERGY ECONOMICS, 2023, 127
12345