Encourage or inhibit: A study on the impact of corporate digital transformation on management's tone manipulation of information disclosure.

ABSTRACT: Digitalization is anticipated to substantially improve information transparency and enhance the capital market's information environment. However, during the initial phase of digital transformation, companies face challenges in achieving high-quality information disclosure. This is because digital technology implementation and organizational adjustment are still at early stages. Concurrently, investors face difficulties in assessing the accuracy of disclosed information. This challenge provides management with the opportunity to overstate the benefits of digital transformation. This study investigates the impact of corporate digital transformation on management's tone manipulation behavior, using a sample of Chinese A-share listed companies from 2012 to 2021. Findings indicate that corpora

SUBMITTER: Yang L 

PROVIDER: S-EPMC11856518 | biostudies-literature | 2025

REPOSITORIES: biostudies-literature