Based on the data of Shanghai and Shenzhen A-share manufacturing listed companies from 2013 to 2022,this paper empirically tests the impact of enterprise digital intelligence transformation on cost stickiness,and examines the intermediary effect of real earnings management,as well as the moderating effect of corporate governance ability and internal control quality.The benchmark regression shows that digital intelligence transformation of enterprises can restrain the cost stickiness,and this conclusion is still valid after a series of robustness tests.The endogeneity test shows that enterprise digital intelligence transformation can inhibit cost stickiness in a long time series.After considering the endogeneity problem,enterprise digital intelligence transformation still significantly inhibits cost stickiness.The mechanism test shows that real earnings management has a mediating effect on the mechanism of digital intelligence transformation inhibiting cost stickiness.Internal control quality and corporate governance ability can regulate the degree of digital intelligence transformation inhibiting cost stickiness.The conclusions of the study provide policy implications for reasonably guiding digital intelligence transformation of enterprises,actively carrying out real surplus supervision and strengthening digital infrastructure construction.
关键词
数智化转型/真实盈余管理/成本粘性/公司治理能力/内部控制质量
Key words
digital intelligence transformation/real earnings management/cost stickiness/corporate governance ability/internal control quality
维普
万方数据