Research Article
Are Chain Shareholders Driving Digital Transformation in the Enterprise?
@INPROCEEDINGS{10.4108/eai.19-5-2023.2334318, author={Jinghang Liu and Ping Guan}, title={Are Chain Shareholders Driving Digital Transformation in the Enterprise?}, proceedings={Proceedings of the 2nd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2023, May 19--21, 2023, Hangzhou, China}, publisher={EAI}, proceedings_a={ICBBEM}, year={2023}, month={7}, keywords={chain shareholders; digital transformation: digital economy}, doi={10.4108/eai.19-5-2023.2334318} }- Jinghang Liu
Ping Guan
Year: 2023
Are Chain Shareholders Driving Digital Transformation in the Enterprise?
ICBBEM
EAI
DOI: 10.4108/eai.19-5-2023.2334318
Abstract
Chain shareholders play an important role in guiding the transformation of enterprises, and it is worth exploring whether they can further play an effective role in the face of the digital transformation dilemma of enterprises in the digital economy. This paper empirically examines the impact of chain shareholders on the digital transformation of enterprises by selecting the data of A-share listed companies in Shanghai and Shenzhen from 2011 to 2021. The findings show that chain shareholders can significantly drive the digital transformation of enterprises and improve their economic performance, and this finding still holds after a series of robustness tests. The heterogeneity analysis shows that the role of chain shareholders on corporate digital transformation is more pronounced in non-state owned enterprises and management-owned enterprises. This paper has implications for a deeper understanding of the role of chain shareholders in the digital transformation of enterprises.
