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A Study of the Impact of Financial Resource Mismatches on the Digital Transformation of Enterprises

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  • Jinfeng Wang
  • Luhan Sun

Abstract

In order to explore the link between financial resource mismatch and enterprise digital transformation and the internal mechanism, this paper selects the A-share listed companies in Shanghai and Shenzhen from 2008 to 2022 as a sample, and the study shows that financial resource mismatch in China significantly inhibits the digital transformation of Chinese enterprises, and the conclusion still holds after a series of endogenous robustness tests; the test of the mechanism of action reveals that the mismatch of financial resources negatively affects the digital transformation of enterprises by exacerbating their inefficient investment. The findings reveal the impact of financial resource mismatch on enterprises’ digital transformation as well as the intrinsic mechanism of its action, broaden the research perspective of financial resource mismatch and micro enterprises, and provide Chinese evidence to reveal that enterprises’ digital transformation is hindered and slow to develop.

Suggested Citation

  • Jinfeng Wang & Luhan Sun, 2024. "A Study of the Impact of Financial Resource Mismatches on the Digital Transformation of Enterprises," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 16(12), pages 1-1, December.
    • Handle: RePEc:ibn:ijefaa:v:16:y:2024:i:12:p:1
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    References listed on IDEAS

    as
    1. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    2. Sylla, Richard, 2002. "Financial Systems And Economic Modernization," The Journal of Economic History, Cambridge University Press, vol. 62(2), pages 277-292, June.
    3. Chang-Tai Hsieh & Peter J. Klenow, 2009. "Misallocation and Manufacturing TFP in China and India," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(4), pages 1403-1448.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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