Impact of CEO overconfidence on enterprise digital transformation: Moderating effect based on digital finance

被引：21
|
作者：
Zhu, Changchun [1 ,2 ]
Li, Na [3 ]
Ma, Jing [1 ]
机构：
[1] Nanjing Univ Aeronaut & Astronaut, Coll Econ & Management, Nanjing, Peoples R China
[2] Jiangsu Open Univ, Business Sch, Nanjing, Peoples R China
[3] Nanjing Forestry Univ, Fac Humanities & Social Sci, Nanjing, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 59卷
基金：
中国国家自然科学基金; 中国博士后科学基金;
关键词：
CEO overconfidence; Enterprise digital transformation; Digital finance; Digital inclusion finance;
D O I：
10.1016/j.frl.2023.104688
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The rapidly expanding digital economy has driven enterprises' digital transformation. This study examines the influence of CEO overconfidence on an enterprise's digital transformation using a behavioral finance approach. We discovered that (1) CEO overconfidence contributes significantly and positively to enterprise digital transformation. (2) Digital finance and its breadth of coverage, depth of use, and level of digitization positively moderate CEO overconfidence and enterprise digital transformation. (3) The promotional effect of CEO overconfidence on the digital transformation of high-tech, noncapital-intensive, and non-heavily polluting firms is significant.
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页数：8
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