Digital transformation is an important way to achieve high-quality economic development of China.Based on the panel data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2011 to 2021,and by establishing a moderating effect model,this paper finds that digital transformation can significantly improve enterprise value.Entrepreneurship positively moderates the role of digital transformation in enhancing enterprise value;further research finds that the improvement of internal control level and the reduction of financing cost are the two ways for digital transformation to affect enterprise value.
关键词
数字化转型/企业家精神/企业价值
Key words
digital transformation/entrepreneurship/enterprise value
维普
万方数据