The Impacts of Digital Economy on Enterprises’ Market Value
Authors: 
Haifeng Pang, Minghui HanAuthors Info & Claims
Haifeng Pang, Minghui HanAuthors Info & ClaimsPages 687 - 691
Abstract
Digital economy empowers enterprises with new development momentum, can it create market value for firms? Based on the data of Chinese A-share listed firms from 2010-2019, the econometric model is used to study the impacts of digital economy on firms’ market value. The study finds that digitization significantly enhances firms' market value with some heterogeneous characteristics. In addition, the results remain robust after performing robustness tests and solving endogenous issues through methods such as the SYS—GMM and 2SLS model. This paper comprehensively analyzes the differential effects of digital economy on firm's market value at the level of the firms, firm's respective industries, and firm's respective regions, providing valuable insights for the Chinese government to optimize digital economy policies.
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Index Terms
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Published In
December 2023
917 pages
ISBN:9798400716669
DOI:10.1145/3659211
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Published: 29 May 2024
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BDEIM 2023
BDEIM 2023: 2023 4th International Conference on Big Data Economy and Information Management
December 8 - 10, 2023
Zhengzhou, China
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