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Peer digitalization and corporate investment decision

Author

Listed:
  • Jiang, Yuanyuan
  • Zheng, Yuanxun
  • Fan, Wenwen
  • Wang, Xi

Abstract

The degree of digital transformation within enterprises in the same industry can produce spillover effects, thereby affecting other enterprises within the industry. This paper constructs an empirical model to test the impact of peer digital transformation on corporate investment decisions. The research results indicate that peer digitalization can significantly improve the efficiency of corporate investment decision-making. Further research finds that this significant promotional effect is more evident in non-state-owned enterprises and manufacturing companies.

Suggested Citation

  • Jiang, Yuanyuan & Zheng, Yuanxun & Fan, Wenwen & Wang, Xi, 2024. "Peer digitalization and corporate investment decision," Finance Research Letters, Elsevier, vol. 61(C).
    • Handle: RePEc:eee:finlet:v:61:y:2024:i:c:s1544612324000254
    DOI: 10.1016/j.frl.2024.104995
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