Academic Journal of Business & Management, 2023, 5(20); doi: 10.25236/AJBM.2023.052009.
Jiayi Chen1, Shutong Pan2, Qingrui Li3, Yuwei Quyang4, Yiran Wang5, Yanghao Chen6
1Supply Chain Management, Chengyi University College, Jimei University, Xiamen, Fujian, China
2Financial Management, Huanghe Science and Technology University, Zhengzhou, Henan, China
3Business Administration, University of Shanghai for Science and Technology, Shanghai, China
4Jinshi Experimental School, Foshan, Guangdong, China
5Public Administration, Southwest Jiaotong University, Chengdu, Sichuan, China
6Business Management, Shanghai International Studies University, Shanghai, China
In the context of the trend of Digital transformation of enterprises, this paper empirically examines the differences in the impact of founders and strategic investment controllers on Digital transformation of enterprises, taking private listed companies from 2007 to 2020 as research samples. The research results indicate that the founding controller is beneficial for listed companies to actively promote the digital process of the enterprise; However, both financial and industrial investment controllers will inhibit the Digital transformation of enterprises, and the inhibitory effect of financial investment controllers is stronger. Digital finance and control rights further strengthen the above regression results. Individual controllers, vertical industry controllers and professional financial investment controllers are conducive to the Digital transformation of enterprises. The mechanism research shows that the company's innovation input and output, and information transparency play a mediating role between the controller heterogeneity and the enterprise's Digital transformation. The research results of this paper enrich the research perspective and content of the relationship between corporate controllers and Digital transformation, and have certain reference significance for enterprises to improve corporate governance and actively promote Digital transformation.
Digital transformation of enterprises, Digital finance, Management of enterprise innovation, Big data
Jiayi Chen, Shutong Pan, Qingrui Li, Yuwei Quyang, Yiran Wang, Yanghao Chen. An analysis method of enterprise digital transformation effect based on investor data of public companies. Academic Journal of Business & Management (2023) Vol. 5, Issue 20: 55-71. https://doi.org/10.25236/AJBM.2023.052009.
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