{"title":"Broadband infrastructure and enterprise digital transformation: Evidence from China","authors":"Meng Li , Zhengqi Wang , Linhan Shu , Haoyu Gao","doi":"10.1016/j.ribaf.2024.102645","DOIUrl":null,"url":null,"abstract":"<div><div>Broadband infrastructure, as a basis of digital economic development, plays an important role in accelerating the enterprise digital transformation. Using the “Broadband China” strategy as a quasi-natural experiment, this paper investigates whether and how the broadband infrastructure affects enterprise digital transformation. We find that the construction of broadband infrastructure significantly increases enterprise digital transformation. The underlying mechanism is that the broadband infrastructure mitigates transformation costs and facilitates competition among peers within the same industry, thereby promoting enterprise digital transformation from both active and passive aspects. The effect is magnified when enterprises are small-scale, non-SOEs and in high-tech or technology-intensive sectors. Under the rapid development of the digital economy, this paper contributes to the economic consequences of the broadband infrastructure and offers empirical support for enterprise digital transformation.</div></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102645"},"PeriodicalIF":6.3000,"publicationDate":"2024-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in International Business and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0275531924004380","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
Broadband infrastructure, as a basis of digital economic development, plays an important role in accelerating the enterprise digital transformation. Using the “Broadband China” strategy as a quasi-natural experiment, this paper investigates whether and how the broadband infrastructure affects enterprise digital transformation. We find that the construction of broadband infrastructure significantly increases enterprise digital transformation. The underlying mechanism is that the broadband infrastructure mitigates transformation costs and facilitates competition among peers within the same industry, thereby promoting enterprise digital transformation from both active and passive aspects. The effect is magnified when enterprises are small-scale, non-SOEs and in high-tech or technology-intensive sectors. Under the rapid development of the digital economy, this paper contributes to the economic consequences of the broadband infrastructure and offers empirical support for enterprise digital transformation.
期刊介绍：
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance
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