دانش سرمایه‌گذاری

دانش سرمایه‌گذاری

بررسی چگونگی اثرگذاری تحول دیجیتال بر سرعت تعدیلات ساختار سرمایه پویا

نوع مقاله : مقاله پژوهشی

نویسندگان
1 استاد، گروه حسابداری و مدیریت، دانشگاه آزاد اسلامی واحد علوم تحقی قات، تهران، ایران.
2 استادیار، گروه حسابداری، واحد شهر قدس، دانشگاه آزاد اسلامی، تهران، ایران.
10.30495/jik.2024.76886.4471
چکیده
این مقاله بررسی می‌کند که آیا تحول دیجیتال روی سرعت تعدیل ساختار سرمایه اثر می‌گذارد و مکانیسم‌های آن به چه صورت هستند. با استفاده از محدودیت‌های در نظر گرفته شده، تعداد 152 شرکت در بازه زمانی 1397 -1401 به‌عنوان نمونه پژوهش انتخاب گردید. جهت آزمون فرضیه‌های پژوهش از رگرسیون خطی چند متغیره مبتنی بر داده‌های تابلویی بهره گرفته شده است. نتایج نشان می‌دهد که تحول دیجیتال، تعدیل ساختار سرمایه را سرعت می‌بخشد. همچنین،کاهش عدم تقارن اطلاعات، کاهش هزینه‌های نمایندگی و کاهش محدودیت‌های مالی مکانیسم‌هایی هستند که از طریق آن‌ها تحول دیجیتال، تعدیل ساختار سرمایه را سرعت می‌‌بخشد. در مجموع، یافته‌های این پژوهش نقش تحول دیجیتال را در سرعت تعدیل پویای اهرم مالی شرکت‌ها روشن‌تر می‌سازد. از طرفی تحول دیجیتال در بهبود محیط اطلاعاتی شرکت، کاهش مشکلات نمایندگی و کاهش محدودیت‌های تأمین مالی نقش دارد.
کلیدواژه‌ها

عنوان مقاله English

Examining how digital transformation effects the speed of dynamic capital structure adjustments

نویسندگان English

Fraydoon Rahnamay Roodposhti 1
Anahita Zandi 2
1 Department of Accounting, Science and Research Branch,Islamic Azad University,Tehran,Iran
2 assistant professor at Islamic Azad University, Shahr Quds Unit
چکیده English

This article examines whether digital transformation affects the speed of adjustment of capital structure and what are its mechanisms. Using the considered limitations, 152 companies were selected as the research sample in the period of 2018-2022. In order to test the research hypotheses, multivariate linear regression based on panel data has been used. The results show that digital transformation accelerates capital structure adjustment. Also, the reduction of information asymmetry, the reduction of agency costs and the reduction of financial restrictions are the mechanisms through which the digital transformation accelerates the adjustment of the capital structure. In sum, the findings of this research make the role of digital transformation in the dynamic adjustment speed of companies' financial leverage clearer. On the other hand, digital transformation plays a role in improving the company's information environment, reducing agency problems, and reducing financing constraints.

کلیدواژه‌ها English

Digital transformation
Capital structure adjustment speed
Information asymmetry
Financial constraints
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