Effects of digital media development on corporate financial behavior: Moderating role of corporate social responsibility

Fengzhan Zhu, Dan Zhang and Li Li

Finance Research Letters, 2025, vol. 74, issue C

Abstract: This study empirically investigates the relationship between the development of digital media and corporate financial behavior using data from A-share listed companies for 2020–2024. The results show a significant positive relationship between digital media development and corporate financial behavior, with corporate social responsibility positively moderating this relationship. Furthermore, the impact of digital media on corporate financial behavior is more pronounced in enterprises with a high concentration of ownership and in high-tech enterprises.

Keywords: Digital media; Corporate financial behavior; Corporate social responsibility; Moderating effect; Heterogeneity (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324017471
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612324017471

DOI: 10.1016/j.frl.2024.106718

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().