Managerial overconfidence and corporate digital transformation

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-01-17 DOI:10.1016/j.frl.2025.106828

Li Zhang , Xinwei Song

引用次数: 0

Abstract

This study employs sample data from publicly listed companies between 2007 and 2022 to examine how managerial overconfidence influences corporate digital transformation. The findings reveal that managerial overconfidence exerts a considerable adverse effect on digital transformation, which is further exacerbated under conditions of limited funding. The research indicates that managerial overconfidence impedes the digital transformation process by diminishing board governance and innovation capacity. Furthermore, the negative impact of managerial overconfidence is more pronounced in firms with a low proportion of institutional investor shareholding and those implementing CEO-Chair duality.

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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

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