 Does corporate digital transformation improve capital market transparency? Evidence from ChinaBin Gao, Mimi Qin and Jun Xie The North American Journal of Economics and Finance, 2025, vol. 76, issue C Abstract: Digital transformation empowers enterprises with new kinetic energy for high-quality development. Can digital transformation enhance the transparency of thecapital market? This study constructs a digital transformation index and examines its impact on the information transparency of Chinese listed companies from the perspective of information senders. We find that digital transformation significantly enhances enterprise information transparency, and the relationship is more pronounced in non-technological enterprises, enterprises with high ownership concentration, and enterprises with high levels of intellectual property protection. Channel tests show that reducing management myopia and increasing news media supervision are possible mechanisms. Overall, our findings provide critical insights for improving the transparency construction of China’s capital market. Keywords: Digital transformation; Transparency; Information senders; Management myopia; News media supervision (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:ecofin:v:76:y:2025:i:c:s1062940825000038 DOI: 10.1016/j.najef.2025.102363 Access Statistics for this article The North American Journal of Economics and Finance is currently edited by Hamid Beladi More articles in The North American Journal of Economics and Finance from Elsevier |
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