Firm digital transformation and corporate performance: The moderating effect of organizational capital

Mobina Zareie, Najah Attig, Sadok El Ghoul and Iraj Fooladi

Finance Research Letters, 2024, vol. 61, issue C

Abstract: We use textual analysis to measure corporate digital transformation by the frequency of digital terms in the firm 10-K report. We then show that this digital transformation score (DGS) is associated with corporate value. Importantly, we show that organizational capital, the quality of corporate governance, information quality, and firm IPO age play non-negligible roles in shaping the value creation of corporate digital transformation. Our fresh evidence indicates that firms need to enhance their organizational capital, corporate governance, and firm information quality to benefit from their digital transformation efforts.

Keywords: Digital technologies; Valuation; Organization capital (search for similar items in EconPapers)
JEL-codes: G14 G32 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:61:y:2024:i:c:s154461232400062x

DOI: 10.1016/j.frl.2024.105032

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