The impact of enterprise digital transformation on risk-taking: Evidence from China

Wenbing Luo, Yuxin Yu and Mingjun Deng

Research in International Business and Finance, 2024, vol. 69, issue C

Abstract: With the continuous emergence of digital technology, the transformation and upgrading of enterprise digitalization has become the focus of the industry. This paper takes all A-share listed enterprises in China’s capital market from 2010 to 2021 as the sample, to test the impact of digital transformation on risk-taking. The research finds that digital transformation significantly promotes risk-taking level. Further analysis shows that the impact of enterprise digitalization on risk-taking has obvious heterogeneity, the positive impact is more significant in non-heavily polluting enterprises, small-scale enterprises and non-state-owned enterprises; investment efficiency and cost stickiness moderate the above relationship; digital transformation enhances risk-taking by improving managerial ability, strategic deviance and asset utilization. Our study provides enlightenment for enhancing the risk-taking level.

Keywords: Digital transformation; Enterprise risk-taking; Managerial ability; Strategic deviance; Asset utilization; Investment efficiency (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:69:y:2024:i:c:s0275531924000783

DOI: 10.1016/j.ribaf.2024.102285

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