Can digital transformation improve the information environment of the capital market? Evidence from the analysts' prediction behaviour

Abstract

This study tests the impact of enterprise digital transformation on the information environment. The results show that while analyst coverage increase significantly and the accuracy of public information improves after enterprises implement digital transformation, there is no significant change in the accuracy of private information. The main influence channels are information disclosure quality and stock price information content. Further analysis shows that this relationship is affected by cyber‐attacks, market competition, and social media. This study enriches the analytical paradigm of the influencing factors of analysts' prediction behaviour and provides evidence for exploring digital transformation in the emerging capital market.

Digital transformation and corporate environmental performance: The moderating role of board characteristics

“…The existing literature on econometric analysis of digital transformation mainly uses textual analysis method and questionnaire methods to quantify the digital transformation (Chen et al, 2021; Llopis‐Albert et al, 2021). The textual analysis method was used to capture the vocabulary related to digital transformation (Guo et al, 2022; Zhai et al, 2022).…”

Digital transformation for improving sustainable value of products and services from agri-food systems

“…For agri-food market chains, the higher self-consciousness of these systems increase the level of food reliability, the trust in network intermediation, and the compliance with sustainability standards. Nonetheless, small and medium-sized rural producers, especially in emerging economies, rarely seek to engage in such systems particularly due to large complexity and high costs of authentication and certification services, which result in a feedback loop that reinforces market failures and asymmetries (Sun and Wang, 2019;Chen et al, 2022). Information digitization and the use of accessible and emerging digital technologies could reduce the aforementioned market failures, making the distribution of information and value more equitable for sustainable production models such as Environmental, Social and Governance (ESG) financial initiatives.…”

“…Currently, our ability to map agribusiness through massive amounts of data, satellite imagery or unmanned aerial vehicles has powerful implications for public policy and business strategies, so the agrifood sector can, in principle, trace food origins and processing (Opara, 2003). Hence, making agri-food markets sustainable and competitive from small to large players is a big challenge because new digital technologies and production processes emerge every day, integrating stakeholders in more or less centralized topologies, which can accentuate or attenuate information failure (asymmetries) in production networks (Chen et al, 2022).…”

Analysis of Digital Transformation of Enterprise Accounting Talents from the Perspective of Blockchain

“…It is precisely because of the gap between the reality of the financial shared service center and the initially envisaged expectation that it has ushered in an important opportunity for transformation. In the literature [1], promote the financial transformation of enterprises with an interconnected, shared, and intelligent financial sharing model. It enables financial sharing not only to support the current standardization and standardization of work but also to gradually transform to the work that supports flexibility and scalability and provides flexible processes that meet the individual needs of customers.…”