Does economic policy uncertainty affect firm digital transformation

Bibliographic Data

ID21372575
AuthorsXing Ding (0000-0002-7066-123X), Ding Xing, Kangning Xu (0000-0002-3182-2977)
Year2026
Publication date2026-06-02
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenuePolitická ekonomie (JOURNAL)
Journal identifiersISSN: 0032-3233 • E-ISSN: 2336-8225
PublisherPrague University of Economics and Business (PUBLISHER • CZ)
DOI10.18267/j.polek.1543
OpenAlexW7163552229
LanguageEN
References cited58

The economic policies of different regions in China vary greatly.This research examines the impact of Chinese provincial economic policy uncertainty (EPU) on firm digital transformation, using panel data from A-share listed firms in China over the period 2007-2021 with high-dimensional fixed effects model.Importantly, we use provincial-level EPU data to explore this impact and discuss the moderating effect of leadership characteristics.We find a U-shaped relationship between provincial EPU and firm digital transformation.Furthermore, we find that the average age and gender of leaders influence the effect of EPU on digital transformation.These results highlight the importance of economic policy consistency in China and encourage firm to improve their board diversity to cope with EPU

Affect (linguistics) · Government (linguistics) · Production (economics) · Public policy · Digital Transformation in Industry · Market Dynamics and Volatility · Regional resilience and development

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Open DOIOpen Access