Digital Transformation, Manipulation of Asset Evaluation and M&A Performance: Discussion on the Intermediary Effect of Internal Control

• 영문명: Digital Transformation, Manipulation of Asset Evaluation and M&A Performance: Discussion on the Intermediary Effect of Internal Control
• 발행기관: 강원대학교 경영경제연구소
• 저자명: Chen Chen Hee-Jung Lee Nan Hui Xue-Hua Qian
• 간행물 정보: 『아태비즈니스연구』제14권 제1호, 1~19쪽, 전체 19쪽
• 주제분류: 인문학 > 문학
• 파일형태: PDF
• 발행일자: 2023.03.30

영문 초록

Purpose - The purpose of this study was to examine the internal relevance between digital transformation, manipulation of asset evaluation and corporate M&A performance and further explores the impact path of manipulation of asset valuation on corporate M&A performance. Design/methodology/approach - This study based on the financial data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2013 to 2021. Findings - First, manipulation of asset evaluation is negatively correlated with M&A performance. Second, Digital transformation significantly weakens the negative correlation between manipulation of asset evaluation and corporate M&A performance. Third, The effectiveness of internal control plays a partially intermediary role in the process of manipulation of asset evaluation affecting M&A performance. Research implications or Originality - Enriching the existing literature on the subject, the study can also provide useful reference for improving the performance of corporate mergers and acquisitions, regulating asset valuation, promoting the digital transformation of enterprises and improving internal control mechanisms, with both theoretical and practical implications.

목차

Ⅰ. Introduction

Ⅱ. Literature Review

Ⅲ. Theoretical Analysis and Research Hypothesis

Ⅳ. Variable Description and Model Design

Ⅴ. Empirical Test and Analysis of Results

Ⅵ. Conclusion

References

키워드

Digital Transformation Internal Controls Manipulation of Asset Evaluation M&A Performance