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Does the digital transformation of enterprises affect capital mismatch? evidence from Chinese listed firms

Year: 2025

Type: article

Abstract: In this study, based on the data of the Chinese listed firms, the effect of digital transformation on capital mismatch was examined. And the potential mechanism was also further discussed. It was found that digital transformation can significantly suppress capital mismatch, especially for non-state-owned enterprises, mature enterprises, and regions with high marketization and financial technology level. In addition, management capability and information environment are potential influencing mechanisms of digital transformation to suppress capital mismatch. These findings have important implications for revealing the relationship between enterprise digital transformation and capital mismatch, provides new ideas for improving the efficiency of capital allocation, and also provides important insights for enterprises to accelerate digital transformation and promote the high-quality development of enterprises.

Source: PLoS ONE

DOI: 10.1371/journal.pone.0313674

Authors: Tianshan Yang, Kedong Wu, Xinming Du, Gonglin Yuan

Institutions: Nanning Vocational and Technical University, Luoyang Institute of Science and Technology, Guangxi University

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $2,382