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Enterprise digital transformation, financial information disclosure and innovation efficiency

Author

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  • Wang, Yaozhong
  • He, Pinzhen

Abstract

This paper takes the data of 2114 listed enterprises in Shanghai and Shenzhen A-share markets from 2010 to 2022 as samples for empirical analysis. The results show that digital transformation of enterprises can effectively promote the growth of innovation efficiency of enterprises, and financial information disclosure plays an important intermediary role in the middle. In addition, when the industry competition is high and the marketization level of the region where the enterprise is located is low, the positive effect of digital transformation on the innovation efficiency of the enterprise is more and more significant.

Suggested Citation

  • Wang, Yaozhong & He, Pinzhen, 2024. "Enterprise digital transformation, financial information disclosure and innovation efficiency," Finance Research Letters, Elsevier, vol. 59(C).
    • Handle: RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323010796
    DOI: 10.1016/j.frl.2023.104707
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    References listed on IDEAS

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    Cited by:

    1. Yan Liu & Qiuju He, 2024. "Digital transformation, external financing, and enterprise resource allocation efficiency," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 2321-2335, June.
    2. Siqian Chen & Xin Leng & Kun Luo, 2024. "Supply chain digitalization and corporate ESG performance," American Journal of Economics and Sociology, Wiley Blackwell, vol. 83(4), pages 855-881, September.
    3. Wang, Shanshan & Wan, Yi, 2024. "Network news reporting, information transparency, and corporate technological innovation," Finance Research Letters, Elsevier, vol. 65(C).
    4. Cui, Zhuqing & Diwu, Simin, 2024. "Human capital upgrading and enterprise innovation efficiency," Finance Research Letters, Elsevier, vol. 65(C).
    5. Qiao, Penghua & Zhao, Yuying & Fung, Anna & Fung, Hung-Gay, 2025. "How digital leadership guides ESG sustainability," Research in International Business and Finance, Elsevier, vol. 73(PB).
    6. Li, Tao, 2024. "Does smart transformation in manufacturing promote enterprise value chain upgrades?," Finance Research Letters, Elsevier, vol. 69(PA).
    7. Zheng, Deyuan & Song, Hang & Zhao, Chunguang & Liu, Yujiao & Zhao, Wenhao, 2024. "Is it possible for semiconductor companies to reduce carbon emissions through digital transformation? Evidence from China," International Journal of Production Economics, Elsevier, vol. 272(C).

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