Substantive digital transformation and firm value: an industrial policy moderation perspective

Open access Sep 2026

The Effect of ESG Performance on Firm Value: The Moderating Role of Digital Transformation—Evidence from Saudi Listed Firms

This study examines the joint and interactive effects of environmental, social, and governance (ESG) performance and digital transformation on firm value by using a sample of 64 non-financial firms listed on the Saudi Exchange over 2020–2024. The empirical analysis employs panel data techniques, feasible generalized le...

Fathi Jouini, Abdullatif Saud Al Naim · International Journal of Fin... · 0 citations

Open access Aug 2026

Impact of Substantial and Symbolic Peer Competition in Digital Transformation on Firm Growth: Evidence From China's Listed Companies

This study investigates how peer competition strategies in digital transformation affect firm growth by distinguishing substantial and symbolic peer competition strategies. Drawing upon the Hotelling framework, a two‐stage consumer choice model was constructed, and an empirical analysis was carried out using Chinese...

Su-Tong Zeng, Xin-Yao Xu, Fei Xu et al. · Asian-Pacific Economic Liter... · 0 citations

Open access Oct 2026

Does corporate digitalization reduce the firm pay gap? Evidence from China

Digital transformation and common prosperity are two of the most discussed topics among Chinese scholars in the new era. Prior research shows that the development of digital technology can help alleviate regional income inequality; however, the specific micro-mechanism and micro-level evidence remain unexamined. Th...

Wei-Ping Li, Ting-Yu Li, Jin-Hui Luo et al. · China and World Business Rev... · 0 citations

Open access Aug 2026

Green finance policy and corporate digital transformation: Evidence from China using a difference-in-differences approach

This paper examines whether green finance policy promotes corporate digital transformation (CDT) at the firm level. Using China’s Green Finance Reform and Innovation Pilot Zones (GFRIPZ), launched in 2017, as a quasi-natural experiment, we apply a difference-in-differences approach to Chinese A-share-listed firms from...

Siliang Liu · The Economics and Finance Le... · 0 citations

Open access Oct 2026

Navigating the Digital Capital Paradox: Whether and How It Impacts Export Intensity

Established firms are making substantial investments in digital capital (DC) – that is, capitalized software and systems – to enhance exports, yet they often face perplexing, even negative returns. We argue that this tension reflects an inherent resource–liability paradox, where DC acts simultaneously as a strategic...

Yu-Ge Dong, Xin-Ming He, Markus Blut · British Journal of Managemen... · 0 citations

Review Open access Aug 2026

THE LINKAGE BETWEEN OPEN INNOVATION AND DIGITAL TRANSFORMATION IN VIETNAM

This study investigates how open innovation contributes to digital transformation among publicly listed firms in Vietnam, a context characterized by limited resources and nascent digital capabilities. By enabling access to external knowledge and complementary assets, open innovation is expected to facilitate firms’ dig...

Q. Huynh · Tạp chí Khoa học Đại học Côn... · 0 citations