FSD | Frontiers in Sustainable Development
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Digital Transformation, Business Risk and Firm Value

Xiaoqing Lu, Zejiong Zhou
Vol. 2, No. 5, pp. 25-32, 2022 DOI: 10.54691/fsd.v2i5.695 May 16, 2022
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Abstract.With the continuous development of social economy and the emergence of new digital technologies, the community is increasingly concerned about the digital economy. Companies have been undergoing digital transformation, which is bound to have an impact on business operations due to the uncertainty of data flow and external conditions. This paper explores the impact path of digital transformation on enterprise value with the help of Bootstrap analysis, taking A-share listed companies from 2009-2019 as a sample, and the results show that digital transformation enhances enterprise value, in which enterprise business risk plays a fully mediated effect. A theoretical basis is provided for enterprises to promote digital economy and value enhancement.
Keywords. Digital Transformation Business Risk Enterprise Value Mediation Effect Bootstrap
APA Citation Xiaoqing Lu, Zejiong Zhou (2022). Digital Transformation, Business Risk and Firm Value. Frontiers in Sustainable Development, 2(5), 25-32. https://doi.org/10.54691/fsd.v2i5.695

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