数字化转型与收益不透明：来自中国的证据

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-08-30 DOI:10.1016/j.frl.2024.106024

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引用次数: 0

摘要

本研究发现，数字化转型主要通过加强对管理层权力和私人信息的约束，对企业的盈利激进、盈利平滑和盈利不透明产生了显著的负面影响。进一步分析发现，在国际化经营的企业、前十大审计企业和非国有企业中，数字化转型对降低盈利不透明的作用显著且更大，而在非前十大审计企业中，主效应不显著，数字化转型只能降低国有企业的盈利平滑性。因此，本研究提出了盈利不透明的一个新的重要决定因素。

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Digital transformation and earnings opacity:Evidence from China

This study finds that digital transformation has a significant negative impact on firms’ earnings aggressiveness, earnings smoothing and earnings opacity mainly by strengthening constraints on management’s power and private information. Further analysis reveals that in firms operating internationally, the top ten audited firms, and non-state-owned firms, the role of digital transformation in reducing earnings opacity is significant and greater, while in non-top ten audited companies, the main effect is not significant, and digital transformation can only reduce the earnings smoothing for state-owned firms. This study hence suggests an important new determinant of earnings opacity.

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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