Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking

Advances in digital technologies, platforms, and infrastructures drive digital transformation, which significantly influences firm strategies, processes, and innovation efforts. This study investigates the impact of digital transformation and audit quality on the innovation efficiency of Chinese fir...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Yunis, Manal (author)
مؤلفون آخرون: Mirza, Nawazish (author), Safi, Adnan (author), Umar, Muhammad (author)
التنسيق: article
منشور في: 2024
الوصول للمادة أونلاين:http://hdl.handle.net/10725/17660
https://doi.org/10.1016/j.gfj.2024.101026
http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php
https://www.sciencedirect.com/science/article/pii/S104402832400098X
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author Yunis, Manal
author2 Mirza, Nawazish
Safi, Adnan
Umar, Muhammad
author2_role author
author
author
author_facet Yunis, Manal
Mirza, Nawazish
Safi, Adnan
Umar, Muhammad
author_role author
dc.creator.none.fl_str_mv Yunis, Manal
Mirza, Nawazish
Safi, Adnan
Umar, Muhammad
dc.date.none.fl_str_mv 2024
2024-09
2026-02-13T11:37:25Z
2026-02-13T11:37:25Z
dc.identifier.none.fl_str_mv 1044-0283
http://hdl.handle.net/10725/17660
https://doi.org/10.1016/j.gfj.2024.101026
Yunis, M., Mirza, N., Safi, A., & Umar, M. (2024). Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking. Global Finance Journal, 62.
http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php
https://www.sciencedirect.com/science/article/pii/S104402832400098X
dc.language.none.fl_str_mv en
dc.relation.none.fl_str_mv Global Finance Journal
dc.rights.*.fl_str_mv info:eu-repo/semantics/openAccess
dc.title.none.fl_str_mv Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking
dc.type.none.fl_str_mv Article
info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/article
description Advances in digital technologies, platforms, and infrastructures drive digital transformation, which significantly influences firm strategies, processes, and innovation efforts. This study investigates the impact of digital transformation and audit quality on the innovation efficiency of Chinese firms, focusing on firms' risk-taking behavior. Analyzing data from 2007 to 2021, we find that digital transformation substantially enhances innovation efficiency, especially in smaller firms and those experiencing slow growth during economic downturns. Furthermore, our research underscores the importance of audit quality in promoting innovation efficiency, going beyond traditional financial reporting. However, the study also reveals that although digital transformation and high audit quality are essential for boosting efficiency, excessive risk-taking negatively affects this relationship. The impact of digital transformation and audit quality on innovation efficiency is further moderated by several factors such as firm size, business cycle, and growth. These findings hold significant implications for investors and policymakers, emphasizing the importance of integrated governance and digital strategies in optimizing innovation outcomes.
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Yunis, M., Mirza, N., Safi, A., & Umar, M. (2024). Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking. Global Finance Journal, 62.
language_invalid_str_mv en
network_acronym_str LAURepo
network_name_str Lebanese American University repository
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spelling Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-takingYunis, ManalMirza, NawazishSafi, AdnanUmar, MuhammadAdvances in digital technologies, platforms, and infrastructures drive digital transformation, which significantly influences firm strategies, processes, and innovation efforts. This study investigates the impact of digital transformation and audit quality on the innovation efficiency of Chinese firms, focusing on firms' risk-taking behavior. Analyzing data from 2007 to 2021, we find that digital transformation substantially enhances innovation efficiency, especially in smaller firms and those experiencing slow growth during economic downturns. Furthermore, our research underscores the importance of audit quality in promoting innovation efficiency, going beyond traditional financial reporting. However, the study also reveals that although digital transformation and high audit quality are essential for boosting efficiency, excessive risk-taking negatively affects this relationship. The impact of digital transformation and audit quality on innovation efficiency is further moderated by several factors such as firm size, business cycle, and growth. These findings hold significant implications for investors and policymakers, emphasizing the importance of integrated governance and digital strategies in optimizing innovation outcomes.Published2026-02-13T11:37:25Z2026-02-13T11:37:25Z20242024-09Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1044-0283http://hdl.handle.net/10725/17660https://doi.org/10.1016/j.gfj.2024.101026Yunis, M., Mirza, N., Safi, A., & Umar, M. (2024). Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking. Global Finance Journal, 62.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.sciencedirect.com/science/article/pii/S104402832400098XenGlobal Finance Journalinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/176602026-02-17T14:36:28Z
spellingShingle Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking
Yunis, Manal
status_str publishedVersion
title Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking
title_full Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking
title_fullStr Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking
title_full_unstemmed Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking
title_short Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking
title_sort Impact of audit quality and digital transformation on innovation efficiency: Role of financial risk-taking
url http://hdl.handle.net/10725/17660
https://doi.org/10.1016/j.gfj.2024.101026
http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php
https://www.sciencedirect.com/science/article/pii/S104402832400098X