Digital Intelligence Transformation of Enterprises,Real Earnings Management and Cost Stickiness
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.
digital intelligence transformationreal earnings managementcost stickinesscorporate governance abilityinternal control quality
万方数据
维普
