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Does the digital transformation of enterprises affect capital mismatch? evidence from Chinese listed firms

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  • Tianshan Yang
  • Kedong Wu
  • Xinming Du
  • Gonglin Yuan

Abstract

In this study, based on the data of the Chinese listed firms, the effect of digital transformation on capital mismatch was examined. And the potential mechanism was also further discussed. It was found that digital transformation can significantly suppress capital mismatch, especially for non-state-owned enterprises, mature enterprises, and regions with high marketization and financial technology level. In addition, management capability and information environment are potential influencing mechanisms of digital transformation to suppress capital mismatch. These findings have important implications for revealing the relationship between enterprise digital transformation and capital mismatch, provides new ideas for improving the efficiency of capital allocation, and also provides important insights for enterprises to accelerate digital transformation and promote the high-quality development of enterprises.

Suggested Citation

  • Tianshan Yang & Kedong Wu & Xinming Du & Gonglin Yuan, 2025. "Does the digital transformation of enterprises affect capital mismatch? evidence from Chinese listed firms," PLOS ONE, Public Library of Science, vol. 20(2), pages 1-17, February.
    • Handle: RePEc:plo:pone00:0313674
    DOI: 10.1371/journal.pone.0313674
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    References listed on IDEAS

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    1. 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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