The Corporate Governance Effect of Digital Transformation:Based on the Perspective of Management's On-the-job Consumption
This paper choose on-the-job consumption as the entry point,select listed companies in A-share market from 2010 to 2021 as samples,and empirically find that there is an inverted U-shaped relationship between the degree of enterprise digital transformation and on-the-job consumption.We find that alleviating the degree of information asymmetry and managemental overconfidence is its action path.When the sample is non-state-owned,hiring non Big4 accounting firms to issue audit reports,and belongs to enterprises with low product market competition,non manufacturing industry,non high-tech industry,labor-intensive industry,cities with rapid internet development,and economically underdeveloped areas,the inverted U-shaped relationship between the two is more significant.
digital transformationon-the-job consumptioninformation asymmetrymanagemental overconfidence
万方数据
维普
