Does digital transformation matter for corporate risk-taking?

被引：154

作者：

Tian, Guangning ^{[1
]}

Li, Bo ^{[2
]}

Cheng, Yue ^{[2
]}

机构：

[1] North China Elect Power Univ, Sch Econ & Management, 2 Beinong Rd, Beijing, Peoples R China

[2] Beijing Technol & Business Univ, Sch Econ, 33 Fucheng Rd, Beijing, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2022年 / 49卷

关键词：

Digital transformation; Corporate risk -taking; Operating flexibility; Financing availability; INCENTIVES;

D O I：

10.1016/j.frl.2022.103107

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates how the digital transformation of firms affects their risk-taking in China. By using a panel of Chinese listed companies from 2007 to 2020, we find that digital transformation has a significant positive effect on corporate risk-taking. Furthermore, we show that digital transformation promotes corporate risk-taking by improving firms' operating flexibility and financing availability. Besides, the effect is more pronounced for non-state-owned firms and the firms operating in developed regions. Our findings provide insights on how digital transformation shapes corporate policies and supplement the existing literature in the determinants of corporate risk-taking.

引用

页数：9

共 50 条

[1] Does Digital Transformation Enhance Corporate Risk-Taking?: Evidence from China
Wang, Yanyong
Guo, Yingdong
[J]. AFRICAN AND ASIAN STUDIES, 2022, 21 (04) : 309 - 343
[2] The Paradoxical Effect of Digital Transformation on Innovation Performance: Does Risk-Taking Matter?
Li, Ruijie
Fu, Lihua
Liu, Zhiying
[J]. IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT, 2024, 71 : 3308 - 3324
[3] Corporate social responsibility: does risk-taking attitude matter?
Hartmann, Caroline C.
Chen, Chu
Hayek, Mario
[J]. JOURNAL OF GLOBAL RESPONSIBILITY, 2024,
[4] The soft landing: Does intrafamily succession matter for corporate risk-taking?
Zheng, Xiaojia
Zhu, Bing
Yang, Ge
[J]. PACIFIC-BASIN FINANCE JOURNAL, 2023, 78
[5] Digital Transformation and Enterprise Risk-Taking
Zhao, Zeru
[J]. FINANCE RESEARCH LETTERS, 2024, 62
[6] Does religious culture matter for corporate risk-taking? Evidence from China
Li, Yaoqin
Xu, Xixiong
[J]. ASIA-PACIFIC JOURNAL OF ACCOUNTING & ECONOMICS, 2020, 27 (05) : 511 - 530
[7] Family control and corporate risk-taking in China: Does working capital strategy matter?
Bin-Feng, Chai
Mirza, Sultan Sikandar
Ahsan, Tanveer
Safdar, Raheel
Iqbal, Amjad
Hayat, Mustansar
[J]. ECONOMIC RESEARCH-EKONOMSKA ISTRAZIVANJA, 2022, 35 (01): : 4280 - 4299
[8] Digital finance, corporate risk-taking and technological innovation
Zhang, Yun
Fang, Xia
Yang, Zhenyu
[J]. Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice, 2023, 43 (08): : 2284 - 2303
[9] Does social capital influence corporate risk-taking?
Panta, Humnath
[J]. JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE, 2020, 26
[10] Does firm competitiveness affect corporate risk-taking?
Chang, Vincent Y. L.
[J]. MANAGERIAL FINANCE, 2023, 49 (07) : 1097 - 1112

← 1 2 3 4 5 →