Digital Transformation, Business Risk and Firm Value: An Empirical Test based on a Mediated Effects Model

Xiaoqing Lu; Zejiong Zhou

doi:10.54691/fsd.v2i5.695

Authors

Xiaoqing Lu
Zejiong Zhou

DOI:

https://doi.org/10.54691/fsd.v2i5.695

Keywords:

Digital Transformation, Business Risk, Enterprise Value, Mediation Effect, Bootstrap

Abstract

With the continuous development of social economy and the emergence of new digital technologies, the community is increasingly concerned about the digital economy. Companies have been undergoing digital transformation, which is bound to have an impact on business operations due to the uncertainty of data flow and external conditions. This paper explores the impact path of digital transformation on enterprise value with the help of Bootstrap analysis, taking A-share listed companies from 2009-2019 as a sample, and the results show that digital transformation enhances enterprise value, in which enterprise business risk plays a fully mediated effect. A theoretical basis is provided for enterprises to promote digital economy and value enhancement.

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