The Impact of Cross-ownership on Corporate Digital Transformation
Using data from A-share listed companies for the period of 2007 to 2021 as the research sample,this study explores the impact of cross-ownership on corporate digital transformation.The research findings indicate that cross-ownership can effectively drive companies to undergo digital transformation,and this result holds even after robustness and endogeneity tests.Mechanism analysis suggests that cross-ownership may promote corporate digital transformation by enhancing internal control quality,fostering innovation,and leveraging peer effects.The facilitating role of cross-ownership is more pronounced in highly competitive industries,high-tech sectors,and state-owned enterprises.
cross-ownershipdigital economyenterprise digital transformation
NETL
NSTL
万方数据
