Digital transformation and enterprise external pay gap: Internal mechanism and empirical evidence

Yanxin Ma, Shimei Li and Shenglan Huang

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: Using data from Chinese listed companies from 2010 to 2022 and machine learning methods, we measure enterprise digital transformation (EDT) and investigate its impact on the external pay gap. This study finds that EDT significantly increases the external pay gap of employees and executives. Moreover, EDT's influence on the external pay gap is primarily due to improved intrinsic value and internal control quality. Further research identifies that widening the external pay gap improves innovation input and output.

Keywords: Digital transformation; External pay gap; Intrinsic value; Internal control quality (search for similar items in EconPapers)
JEL-codes: D31 L25 O33 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s1544612324013254

DOI: 10.1016/j.frl.2024.106296

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