Digital Transformation,Information Transparency and Cost of Equity Capital
This paper empirically analyzes the impact of digital transformation on the cost of equity capital for Chinese listed companies based on data from 2009 to 2021.It is found that digital transformation can significantly reduce the cost of equity capital.Further analysis shows that information transparency plays a partial mediating role between digital transformation and the cost of equity capital.Studies of mechanism of digital transformation and the cost of equity capital can provide a reference for corporate governance and rational resource allocation.
digital transformationinformation transparencycost of equity capitalcorporate governance
国家科技期刊平台
NSTL
万方数据
维普
