Governance Effects of Corporate Digital Transformation:A Financial Restatement-Based Perspective
As digital technology,represented by"ABCD",is gradually applied to all aspects of enterprises,it has brought profound changes to the overall process design,strategy development and value creation of enterprises.Based on the perspective of financial restatement,this paper empirically examines the impact of digital transforma-tion on financial restatement by using listed A-share companies from 2007 to 2020 as a research sample.The study finds that the digital transformation of companies significantly reduces the probability of financial restate-ment,which remains valid after a series of robustness tests.Heterogeneity tests found that the degree of corporate digital transformation had a more significant inhibitory effect on financial restatements when the nature of owner-ship was state-owned,audit quality was better and the marketisation process was less advanced.Further re-search finds that corporate digital transformation enhances the quality of corporate accounting disclosure through two paths:improving the quality of internal controls and increasing the number of analysts tracking to reduce ex-ternal information asymmetry.
corporate digital transformationcorporate governancefinancial restatementinternal control qualityinformation asymmetry
万方数据
维普
