Can the financial background of executives affect the digital transformation of enterprises?

Abstract

The financial background of executives can provide financial consulting for enterprises and enhance effective interaction between enterprises and the financial industry, but the academic community has not yet clarified the impact of executive financial background on the digital transformation of enterprises. This article combines the macro pursuit of high-quality national development and examines the relationship between executive financial background and digital transformation of Chinese A-share listed companies from 2012 to 2022. Research has found that: The financial background of executives has a significant positive correlation with the digital transformation of enterprises. After key variable replacement, the above research results remain robust. This article reveals the impact and pathways of executive finance background on green investors under the background of high-quality economic development, enriches the research on executive characteristics and corporate financing constraints, and provides theoretical support and practical inspiration for executive recruitment decisions and structural design in enterprises.