 Media attention and corporate digital transformationDan Chen and Qi Zhang International Review of Economics & Finance, 2025, vol. 102, issue C Abstract: This study examines the impact of media attention on corporate digital transformation and its underlying mechanisms. Based on data from Chinese A-share listed companies in Shanghai and Shenzhen from 2000 to 2022, the study finds that media attention significantly promotes corporate digital transformation. Mechanism analysis reveals that media attention drives digital upgrading through two main channels: alleviating financing constraints and intensifying market competition. Heterogeneity analysis shows that this facilitating effect is more pronounced in firms with higher marketization levels, non-state-owned enterprises, and firms whose executives lack a digital background. Additionally, this study conducted a temporal heterogeneity analysis and found that the impact of media attention on corporate digital transformation varies across different time periods. This study provides a new perspective on the role of media attention in corporate digital transformation and offers theoretical insights for relevant policy formulation. Keywords: Media attention; Corporate digital transformation; Financing constraints (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:102:y:2025:i:c:s1059056025004514 DOI: 10.1016/j.iref.2025.104288 Access Statistics for this article International Review of Economics & Finance is currently edited by H. Beladi and C. Chen More articles in International Review of Economics & Finance from Elsevier |
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