Enterprise Digital Transformation and Annual Report Readability:Governance Effect or Noise Effect?
Based on the quality of annual report text information disclosure,the study found that digital transformation of enter-prises significantly improved the readability of annual reports.Mechanism test shows that improving internal and external corpo-rate governance is the main channel for digital transformation to improve the readability of annual reports.Heterogeneity analysis found that the improvement effect of digital transformation on annual report readability was more significant in companies with low state ownership,regulated industries and economic policy uncertainty.This study not only enriched the theoretical research of digital transformation,but also provided empirical evidence for improving the quality of corporate text information disclosure.
Enterprise digital transformationText information disclosureAnnual report readabilityCorporate governance
NETL
NSTL
万方数据
