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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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    References listed on IDEAS

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    Cited by:

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    2. Mao, Fengfu & Yuan, Yue & Zhang, Fan, 2025. "Firm-level perception of uncertainty, risk aversion, and corporate real estate investment: Evidence from China's listed firms," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1428-1441.
    3. Zhang, Yuan & Li, Ying, 2025. "Enhancing innovation capabilities, digital management, and corporate competitiveness," Finance Research Letters, Elsevier, vol. 73(C).
    4. Yan, Xi & Li, Xinwu & Niu, Yuhao, 2025. "Strategic alliances and employment: Evidence from China," Finance Research Letters, Elsevier, vol. 86(PD).
    5. Ding, Xiaowei & Vuković, Darko B. & Sokolov, Boris I. & Vukovic, Natalia & Liu, Yali, 2024. "Enhancing ESG performance through digital transformation: Insights from China's manufacturing sector," Technology in Society, Elsevier, vol. 79(C).
    6. Jiang, Qian & Zhang, Chaoshuai & Wei, Qianqing, 2025. "Digital technology adoption and enterprise investment efficiency," Finance Research Letters, Elsevier, vol. 72(C).

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