Business environment and enterprise digital transformation

Yonggen Luo, Huijie Cui, Huiyi Zhong and Changhua Wei

Finance Research Letters, 2023, vol. 57, issue C

Abstract: Digital transformation has become imperative for firms to survive in highly competitive societies. This study investigates the relationship between the business environment and enterprise digital transformation. The results show a significant positive relationship between the two. Further channel analysis indicates that attracting professional leadership of top managers, enhancing investment in digital technology, and increasing government subsidies related to digitalization provided by a better business environment are three possible channels that facilitate digital transformation. Overall, our study provides new insights on the determinants of digital transformation and offers supplementary evidence for companies to facilitate their pace of digital transformation.

Keywords: Business environment; Digital technology; Digital transformation; Government support (search for similar items in EconPapers)
JEL-codes: G30 O31 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323006220

DOI: 10.1016/j.frl.2023.104250

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