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Inefficient investment and digital transformation: What is the role of financing constraints?

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  1. Fu Xin & Huimiao Yu & Xuan Dong & Chunhua Chen, 2025. "When the customers comes to you: mobile apps and corporate investment efficiency," Palgrave Communications, Palgrave Macmillan, vol. 12(1), pages 1-18, December.
  2. Zareie, Mobina & Attig, Najah & El Ghoul, Sadok & Fooladi, Iraj, 2024. "Firm digital transformation and corporate performance: The moderating effect of organizational capital," Finance Research Letters, Elsevier, vol. 61(C).
  3. Cheng, Hang & Ruan, Ping & Wang, Peng, 2024. "The impact of surging computing power on enterprise digital transformation–Based on quasi-natural experiments set up by the National Supercomputing Center," Finance Research Letters, Elsevier, vol. 65(C).
  4. He, Bingquan & Gan, Lu, 2025. "Exploring the synergistic effect of CEO power and technological expertise in driving corporate digital transformation," International Review of Financial Analysis, Elsevier, vol. 98(C).
  5. Li, Wenyi & Yang, Zhen & Wang, Wenna, 2025. "The asymmetric effects of digital inclusive finance’s breadth and depth on the digital transformation of agribusinesses," Finance Research Letters, Elsevier, vol. 72(C).
  6. Nie, Jing & Zhang, Jiaming & Chang, Xue, 2024. "Does social capital matter to firm digital transformation? Evidence from China," Finance Research Letters, Elsevier, vol. 65(C).
  7. Wang, Yaozhong & He, Pinzhen, 2024. "Enterprise digital transformation, financial information disclosure and innovation efficiency," Finance Research Letters, Elsevier, vol. 59(C).
  8. Li, Chengming & Wang, Yilin & Zhou, Zhihan & Wang, Zeyu & Mardani, Abbas, 2023. "Digital finance and enterprise financing constraints: Structural characteristics and mechanism identification," Journal of Business Research, Elsevier, vol. 165(C).
  9. Xue, Yi & Zhang, Xinzhi, 2024. "Digital transformation and corporate capital structure: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 84(C).
  10. Zhang, Chaolin & Deng, Yongqi, 2024. "How does digital transformation affect firm technical efficiency? Evidence from China," Finance Research Letters, Elsevier, vol. 69(PA).
  11. Wang, Juntian & Chen, Jingwei & Li, Rongrong, 2023. "Outward foreign direct investment and urban green productivity: Promote or inhibit?," International Review of Economics & Finance, Elsevier, vol. 88(C), pages 516-530.
  12. Zhang, Jun & Xie, Tangkun & Kong, Xiaoran & Liu, Bo & Zhang, Wenke, 2025. "Can data assets promote green innovation in enterprises?," Finance Research Letters, Elsevier, vol. 72(C).
  13. Wang, Guiying & Lamadrid, Richel L. & Huang, Yu, 2024. "Digital transformation and enterprise outward foreign direct investment," Finance Research Letters, Elsevier, vol. 65(C).
  14. Peng, Huan & Bumailikaimu, Sulidan & Feng, Ting, 2024. "The power of market: Venture capital and enterprise digital transformation," The North American Journal of Economics and Finance, Elsevier, vol. 74(C).
  15. Zhou, Zhongsheng & Li, Zhuo, 2023. "Corporate digital transformation and trade credit financing," Journal of Business Research, Elsevier, vol. 160(C).
  16. Feng, Qianbin & Ge, Ying & Zhao, Lexin, 2024. "Tax incentives and corporate digital transformation: Evidence from China’s accelerated depreciation policy," Journal of Asian Economics, Elsevier, vol. 95(C).
  17. Shi, Hongyu & Zhou, Qun, 2024. "Government R&D Subsidies, Environmental regulation and corporate green innovation performance," Finance Research Letters, Elsevier, vol. 69(PB).
  18. Yang, Jinxuan & Hui, Ning, 2024. "How digital finance affects the sustainability of corporate green innovation," Finance Research Letters, Elsevier, vol. 63(C).
  19. Tian, Qian & Zhu, Yan & Zhang, Zili, 2024. "The impact of local incentive-based legislation on the financing constraints of private firms–Evidence from China," Finance Research Letters, Elsevier, vol. 68(C).
  20. Xu, Chang & Jin, Long, 2024. "Effects of government digitalization on firm investment efficiency: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 819-834.
  21. Ziyu Jiang & Xihao Sun & Yan Song & Guojian Ma, 2023. "Digital finance and M&As: An empirical study and mechanism analysis," PLOS ONE, Public Library of Science, vol. 18(8), pages 1-18, August.
  22. Zhu, Lijun, 2025. "The influence of digital transformation on Chinese firms' outward foreign direct investment," Finance Research Letters, Elsevier, vol. 72(C).
  23. Sun, Guanglin & Li, Ting & Ai, Yongfang & Li, Qinghai, 2023. "Digital finance and corporate financial fraud," International Review of Financial Analysis, Elsevier, vol. 87(C).
  24. Zhang, Dongyang, 2023. "Can digital finance empowerment reduce extreme ESG hypocrisy resistance to improve green innovation?," Energy Economics, Elsevier, vol. 125(C).
  25. Kang, Dan & Xu, Jiahao & Tong, Qiye & Li, Jiayan, 2025. "CEO financial background and corporate financialization," Finance Research Letters, Elsevier, vol. 71(C).
  26. Jiang, Hongli & Hu, Wenjie & Jiang, Pengcheng, 2024. "Does ESG performance affect corporate tax avoidance? Evidence from China," Finance Research Letters, Elsevier, vol. 61(C).
  27. Yang (Eric) Zhou & Jingjun (David) Xu & Zhiying Liu, 2024. "The impact of digital transformation on corporate innovation: Roles of analyst coverage and internal control," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(1), pages 373-393, January.
  28. Zhang, Ping & Wang, Yiru & Gao, Jieying, 2023. "Going public and innovation: Evidence from the ChiNext stock market," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 586-613.
  29. Cimini, Francesco & Kalantzis, Fotios, 2024. "The impact of the digital and green transitions on investment inefficiency," EIB Working Papers 2024/04, European Investment Bank (EIB).
  30. Lianggui Liao & Chan Wang & Hong-Xing Wen & Pu-Yan Nie & Ying Huang, 2023. "The Impact and Mechanism of the COVID-19 Pandemic on Corporate Financing: Evidence from Listed Companies in China," Sustainability, MDPI, vol. 15(2), pages 1-21, January.
  31. Jiang, Yiyun & Wang, Xiufeng & Sam, Toong Hai & Vasudevan, Asokan, 2024. "Digital transformation, equity pledge and labor income share," Finance Research Letters, Elsevier, vol. 64(C).
  32. Yan, Weichen & Cai, Zhipeng & Yang, Aishu, 2023. "Leading the charge: The impact of executives with R&D backgrounds on corporate digital transformation," Finance Research Letters, Elsevier, vol. 56(C).
  33. Huang, Yuhong & Gao, Yajia, 2023. "Labor protection and the digital transformation of enterprises: Empirical evidence from China's social insurance law," Finance Research Letters, Elsevier, vol. 57(C).
  34. Li, Pingrui & Zhao, Xu, 2024. "The impact of digital transformation on corporate supply chain management: Evidence from listed companies," Finance Research Letters, Elsevier, vol. 60(C).
  35. Mo, Yan & Liu, Xiaotong, 2023. "Climate policy uncertainty and digital transformation of enterprise—Evidence from China," Economics Letters, Elsevier, vol. 233(C).
  36. Hua, Zesu & Yu, Yihua, 2023. "Digital transformation and the impact of local tournament incentives: Evidence from publicly listed companies in China," Finance Research Letters, Elsevier, vol. 57(C).
  37. Zhang, Qi & Wu, Peipei & Li, Rongrong & Chen, Afei, 2024. "Digital transformation and economic growth Efficiency improvement in the Digital media era: Digitalization of industry or Digital industrialization?," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 667-677.
  38. Yue Xie & Tianhui Wang & Jinhua Zhang & Na Wang, 2023. "Does controlling shareholders’ share pledge exacerbate excessive financialization of enterprises?—Evidence from performance pressure perspective," PLOS ONE, Public Library of Science, vol. 18(7), pages 1-26, July.
  39. Yang, Yang & Chen, Wanying & Yu, Zhuangxiong, 2023. "Local government debt and corporate digital transformation: Evidence from China," Finance Research Letters, Elsevier, vol. 57(C).
  40. Wang, Qun & Zhao, Xiangfang & Zeng, Yongliang & Weng, Jiamin, 2024. "Executive equity incentives and corporate digital transformation," Economics Letters, Elsevier, vol. 241(C).
  41. Liu, Guangqiang & Liu, Boyang, 2023. "How digital technology improves the high-quality development of enterprises and capital markets: A liquidity perspective," Finance Research Letters, Elsevier, vol. 53(C).
  42. Dandan Wang & Tongfei Yang, 2025. "Research on the Promotion Effect of the Marketization of Data Elements on the Digital Transformation of Manufacturing Enterprises: An Empirical Evaluation of a Multiperiod DID Model," Sustainability, MDPI, vol. 17(7), pages 1-23, April.
  43. Hu, Yan & Che, Dexin & Wu, Fei & Chang, Xi, 2023. "Corporate maturity mismatch and enterprise digital transformation: Evidence from China," Finance Research Letters, Elsevier, vol. 53(C).
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