一、主題：The Digital Dilemma: Corporate Digital Transformation and Financial Distress

二、彙報人：盧昱霏 2022級金融學碩博連讀生

三、時間地點：2024年9月1日下午16:00，沙河校區3号樓217教室

四、報告簡介：我院碩博連讀生盧昱霏與bevictor伟德官网吳锴副教授合作的論文《The Digital Dilemma: Corporate Digital Transformation and Financial Distress》經過評審應邀參加“The Indonesian Financial Management Association (IFMA) International Conference”。盧昱霏同學将在校内就該參會論文做出學術報告。

五、報告摘要：In this study, we explore the influence of corporate digital transformation on financial distress risk by analyzing listed firms in the China A-share market from 2007 to 2020. Our results demonstrate that digital transformation increases the riskof financial distress, particularly for firms with higher levels of industry competition, agency costs, managerial risk preference, and labor intensity. We attribute this effect to the elevated investment risk and human capital losses by digital transformation.Furthermore, corporate digital transformation also reduces executive pay-performance sensitivity and intensifies debt maturity mismatches, suggesting decreased executive incentives and financing efficiencies. Our findings demonstrate the potential risks associated with corporate digital transformation.

六、參加會議簡介：The Indonesian Financial Management Association (IFMA)是一個成立于2010年的緻力于研究和推廣金融知識的國家學術組織。該協會通常在8月/12月舉辦年度學術會議，彙集來自世界各地的數十名專家學者，會議将深刻探讨金融和經濟學領域的前沿研究。本次會議主席為斯德哥爾摩經濟學院Bo Becker教授，曾擔任《Review of Financial Studies》《Management Science》和《and Financial Management》的副主編，其研究發表在頂級經濟學和商業期刊《Journal of Finance》《Journal of Monetary Economics》《 the Journal of Financial Economics》和《Review of Financial Studies》。

撰稿：盧昱霏

初審：趙學輝

終審：魏 旭