Enterprise digital transformation and stock price crash risk

Zhentang Liang and Yunying Zhao

Finance Research Letters, 2024, vol. 59, issue C

Abstract: This paper examines the mechanism of corporate digital transformation to reduce the risk of stock price crash by selecting a sample of Chinese A-share listed companies from 2013 to 2021. It is found that corporate digital transformation reduces the risk of stock price crashes; corporate digital transformation significantly improves internal governance, thus reducing the risk of stock price crashes; and corporate digital transformation significantly improves analyst attention, thus reducing the risk of stock price crashes.

Keywords: Digital transformation; Stock price crash risk; Digital economy (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323011741

DOI: 10.1016/j.frl.2023.104802

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