Digital Financial,Internal Control and Enterprise Value:Based on 2012-2021 A-share Listed Companies Empirical Data of Chinese Manufacturing Industry
This paper takes a-share manufacturing listed companies from 2012 to 2021 as samples,uses digital inclusive finance index to measure the development level of digital finance,adopts multiple regression model to verify the impact of digital finance on the value of manufacturing enterprises,and explores the intermediary role of internal control in it.The empirical results show that digital finance can significantly improve the value of manufacturing enterprises.Enterprise internal control plays an intermediary role in the influence of digital finance on enterprise value.Digital finance has a more significant impact on the value of non-state-owned manufacturing enterprises,and the internal control of enterprises still plays an intermediary role.
digital financialinternal controlthe enterprise valuemanufacturing industry
NETL
NSTL
万方数据
