Strategic Information Disclosure and Digital Firm Performance:An Open Paradox Perspective
Based on the open paradox perspective,this study investigates the tension between or-ganizational legitimacy and competition caused by strategic information disclosure of digital firms,and examines its performance implications.Using unbalanced panel data of Chinese digital listed compa-nies from 2012 to 2020,we find that strategic information disclosure has a U-shaped relationship with digital firm performance.The level of firm innovation,market concentration and industry transparen-cy flatten the U-shaped relationship and invert it into an inverted U-shaped relationship.Comparative analysis based on the perspective of digital context heterogeneity found that,the U-shaped relation-ship between strategic information disclosure and performance is magnified in digital firms,regions with higher level of digital economy and core industries of digital economy.
paradox of opennessstrategic information disclosurestrategic transparencydigital firm
NETL
NSTL
万方数据
