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Impact of population aging on corporate digital transformation strategies: An empirical investigation based on population census data from various provinces in China

Author

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  • Wang, Pengmian
  • Zhao, Tao

Abstract

Given an aging population, it is crucial to examine how digital transformation affects enterprises. This study uses data from the 2011–2021 Chinese population census and A-share listed companies to examine how aging directly hampers financial support and decision-making for digital transformation. It also explores its indirect effects through financial strategies and management perspectives. The study indicates that aging impacts digital transformation more in nonstate-owned and small to medium-sized enterprises, offering strategic insights for policymakers.

Suggested Citation

  • Wang, Pengmian & Zhao, Tao, 2024. "Impact of population aging on corporate digital transformation strategies: An empirical investigation based on population census data from various provinces in China," Finance Research Letters, Elsevier, vol. 67(PA).
    • Handle: RePEc:eee:finlet:v:67:y:2024:i:pa:s1544612324008687
    DOI: 10.1016/j.frl.2024.105838
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    More about this item

    Keywords

    Digital transformation; Population aging; Corporate strategy; Corporate digitalization; Financial support;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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