Enterprise Digital Transformation,Risk-Taking and Enterprise Value
Digital transformation in our country has entered the fast lane,and exploring its impact has become a hot topic.Based on the data of China's A-share listed companies from 2012 to 2022,this paper establishes the fixed-effect model,and explores the impact and transmission mechanism of enterprise digital transformation on enterprise value through intermediary effect analysis.The results show that enterprise digital transformation can improve enterprise value effectively.The results of intermediary effect test show that digital transformation can promote the increase of enterprise risk-taking,and then promote the improvement of enterprise value.The research conclusion provides micro evidence for the internal mechanism of enterprise digital transformation to promote enterprise value.
enterprise digital transformationenterprise valuerisk taking