Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)

<Previous Article In Volume
Next Article In Volume>

Short Selling's Effect on Corporate Digital Transformation

——From the Viewpoint of Listed Companies

Authors
Zhaoqun Chen1, *
1College of Business, City University of Hong Kong, Hong Kong, China
*Corresponding author. Email: chenzhaoqun1999@163.com
Corresponding Author
Zhaoqun Chen
Available Online 5 May 2025.
DOI
10.2991/978-94-6463-702-1_9How to use a DOI?
Keywords
Short Selling; Digital Transformation; Mechanism; Core Human Capital
Abstract

As a critical market regulation tool, the short selling mechanism exerts a notable influence on corporate digital transformation. This paper empirically examines the impact and mechanisms of short selling on digital transformation by analyzing data from A-share companies listed on the Shanghai and Shenzhen stock exchanges between 2007 and 2022. The findings reveal a significant positive correlation between short selling and corporate digital transformation. Heterogeneity tests further demonstrate that this relationship varies markedly with different levels of digital maturity within enterprises. The study also explores mediating mechanisms, indicating that short selling facilitates digital transformation by enhancing corporate governance and equity structure. Furthermore, core human capital emerges as a vital factor in leveraging the positive effects of short selling. Consequently, enterprises should prioritize investment in human capital to attract high-quality talent and cultivate a management team with superior decision-making capabilities. This strategic focus on human capital is crucial, alongside technological factors, for listed companies aspiring to achieve their digital transformation objectives.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
5 May 2025
ISBN
978-94-6463-702-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-702-1_9How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhaoqun Chen
PY  - 2025
DA  - 2025/05/05
TI  - Short Selling's Effect on Corporate Digital Transformation
BT  - Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
PB  - Atlantis Press
SP  - 82
EP  - 97
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-702-1_9
DO  - 10.2991/978-94-6463-702-1_9
ID  - Chen2025
ER  -