Digitalization intensity and its impact on financial performance: The role of scalable platforms

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-01-14 DOI:10.1016/j.frl.2025.106772

Roberto Moro-Visconti, Javier Sánchez García, Joaquín López Pascual, Salvador Cruz Rambaud

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Abstract

This research investigates the impact of digital platforms on financial and economic outcomes, emphasizing EBITDA, market capitalization, and the capacity for debt financing. The research illustrates that digital platforms enhance revenue streams while simultaneously decreasing operational expenditures, thereby leading to an overall enhancement in financial performance. Utilizing a dynamic panel data methodology, the results demonstrate the temporal impacts of digital platforms on key financial indicators. Furthermore, it explores the complex interplay between digital intensity and marginal benefits, offering practical ideas for companies seeking to enhance both scalability and funding opportunities. By analyzing differing levels of digital intensity, we illustrate how scalability influences financial margins and market capitalization. The results imply that organizations adopting digital platforms are more inclined to secure long-term economic viability and financing capability through improved efficiencies in data processing and strategic decision-making. However, investing in digitalization has an optimal point from where it shows diminishing returns.

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数字化强度及其对财务绩效的影响：可扩展平台的作用

本研究调查了数字平台对财务和经济结果的影响，重点是EBITDA、市值和债务融资能力。研究表明，数字平台增加了收入流，同时减少了运营支出，从而导致财务绩效的整体提升。利用动态面板数据方法，结果证明了数字平台对关键财务指标的时间影响。此外，它还探讨了数字强度和边际效益之间复杂的相互作用，为寻求提高可扩展性和融资机会的公司提供了实用的想法。通过分析不同水平的数字强度，我们说明了可扩展性如何影响财务利润率和市值。结果表明，采用数字平台的组织更倾向于通过提高数据处理和战略决策的效率来确保长期的经济可行性和融资能力。然而，投资数字化有一个最佳点，从那里它显示出递减的回报。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance