Digital Transformation and Financing Constraints: Empirical Research on Listed Companies in China

##plugins.themes.bootstrap3.article.main##

  •   Guiqian Li

Abstract

With the development of digital technology advancement and digital transformation proceeding, the relationship between the degree of digital transformation and financing constraints of Chinese listed companies deserves to be further explored. This research explores the effect of digital transformation and financing constraints through empirical research, taking the Chinese listed companies from the year 2013 to 2020 as the research sample. The research reveals that there is a significant negative effect between digital transformation and financing constraints.

Keywords: Digital Transformation, Empirical Research, Financing Constraints.

References

Chen, J., Huang, S., & Liu, Y. (2020). From empowerment to enablement - Enterprise operation management in the digital environment. Management World, (02), 117-128.

Chen, J., & Zheng, H. (2020). Financing constraints, customer bargaining power and corporate social responsibility. Accounting Research, (08), 50-63.

Gu, L., & Wang, H. (2020). Social trust, financing constraints and firm innovation. The Economist, (11), 39-50.

Hadlock, C. J., & Pierce, J. R. (2010) New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index. Review of Financial Studies, 23(5), 1909-1940.

He, F., & Liu, H. (2019). Assessment of the performance-enhancing effect of digital change in real enterprises from the perspective of the digital economy. Reform, (04), 137-148.

Ju, X., Lu, D., & Yu, Y. (2013). Financing constraints, working capital management and the sustainability of corporate innovation. Economic Research, (01), 4-16.

Sheng, S., & Zhan, X. (2022). Regional digital economy development and corporate financing constraints. Industrial Technology Economics, (01), 21-28.

Wang, S., Xu, X., & Liu, Y. (2022). Will digital transformation of enterprises reduce the risk of debt default. Securities Market Herald, (04), 45-56.

Wang, Y., Kuang, X., & Shao, W. (2017). Informatization, firm flexibility and capacity utilization. World Economy (01), 67-90.

Wu, F., Hu, H., Lin, H., & Ren, X. (2021). Corporate digital transformation and capital market performance-Empirical evidence from stock liquidity. Management World, (07), 130-144.

Zhao, C. (2021). Digital Development and Service Transformation - Empirical Evidence from Listed Manufacturing Companies. Nankai Management Review, (02), 149-163.

Zhang, Y., Zhang, F., & Li, Y. (2017). Accounting robustness, financing constraints and investment efficiency. Accounting Research, (09), 35-40.

Zhao, Y., Hou, H., & Miao, X. (2022). Government environmental subsidies, institutional incentives and corporate green innovation-An empirical analysis based on propensity score matching method. Local Finance Research, (01), 49-62.

Downloads

Download data is not yet available.

##plugins.themes.bootstrap3.article.details##

How to Cite
Li, G. (2023). Digital Transformation and Financing Constraints: Empirical Research on Listed Companies in China. European Journal of Business and Management Research, 8(1), 151–154. https://doi.org/10.24018/ejbmr.2023.8.1.1791