Assessing the impact of digital transformation on capital market information efficiency under environmental uncertainty: Evidence from China.

ABSTRACT: Digital transformation is an emerging development opportunity for enterprises in the digital economy and comprehensively reflects the application of digital technology to production, operation, and management strategies. This study used data on A-share listed enterprises in Shanghai and Shenzhen from 2007 to 2022 to examine the relationship between the digital transformation of enterprises and information efficiency of the capital market. Findings revealed that digital transformation can improve the information efficiency of the capital market and that environmental uncertainty plays a more significant regulatory role. The greater the environmental uncertainty, the more enterprises with a high degree of digital transformation can promote the information efficiency of the capital market. Ad

SUBMITTER: Feng T 

PROVIDER: S-EPMC10786398 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature