Enterprise Digital Transformation and Dynamic Adjustment of Financial Asset
Based on the data of A-share listed enterprises from 2007 to 2021,this paper explores the digital transfor-mation of enterprises and the dynamic adjustment of financial assets with different term structures.The results show that en-terprises have target financial assets and will adjust to the target financial assets dynamically;the digital transformation of enterprises has an inverted U-shaped relationship with the adjustment speed of short-term financial assets,while the digital transformation of enterprises has a U-shaped relationship with the adjustment speed of long-term financial assets.The anal-ysis of economic consequences shows a negative correlation between the deviation of short-term financial assets and corpo-rate financial risk and a negative correlation between the deviation of long-term financial assets and the corporate core per-formance.From a dynamic perspective,this paper expands the research boundary of corporate financial assets with different term structures and the economic consequences of corporate digital transformation,which provides empirical evidence for government departments to actively guide the digital transformation of enterprises.
enterprise digital transformationfinancial assetdynamic adjustmentdeviation degree
NETL
NSTL
万方数据
