大数据赋权:数字化转型和少数股东的治理:来自中国的证据
1Business School, University of International Business and Economics, Beijing, China.
PloS one
|April 16, 2024
概括
数字化转型通过降低代理成本,改善了少数股东的治理. 这可以通过增加会议出席率和更强大的退出威胁来实现,特别是在非国有企业中.
科学领域:
- 公司治理 公司治理
- 数字化转型 数字化转型
- 股东的权利 股东的权利
背景情况:
- 少数股东经常面临治理挑战和代理成本.
- 数字化转型正在重塑业务运营和治理结构.
- 了解数字化转型对股东效率的影响至关重要.
研究的目的:
- 调查数字化转型对少数股东治理效率的影响.
- 检查数字化转型影响机构成本的机制.
- 分析这种关系中的区域和所有权差异.
主要方法:
- 对中国上市企业 (2011-2022) 数据的分析.
- 数字化转型与代理成本之间的关系的统计检查.
- 探索调解因素,如股东会议出席率和退出威胁.
主要成果:
- 数字化转型对相关方交易的代理费用产生了负面影响.
- 机制包括增加股东会议出席率和增加退出威胁.
- 这种影响在非国有企业和东部地区更为明显.
结论:
- 数字化转型提高了少数股东的治理效率.
- 更强大的股权检查和平衡放大了数字化转型的积极影响.
- 调查结果为改善数字时代少数股东保护提供了洞察力.
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