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افزایش سطح حباب قیمت سهام شرکت‌ها بر ارتباط بین تحول دیجیتال شرکتی و ریسک سقوط قیمت سهام | ||
| پژوهش‌های راهبردی بودجه و مالیه | ||
| مقاله 5، دوره 6، شماره 1 - شماره پیاپی 21، فروردین 1404، صفحه 135-158 اصل مقاله (1.05 M) | ||
| نوع مقاله: مقاله پژوهشی | ||
| نویسنده | ||
| اناهیتا زندی* | ||
| استادیار | ||
| تاریخ دریافت: 06 مهر 1403، تاریخ بازنگری: 27 دی 1403، تاریخ پذیرش: 23 بهمن 1403 | ||
| چکیده | ||
| به این بازار می‌شود. لذا، شناسایی عوامل مؤثر بر سقوط قیمت‌ها و ارائه راه‌حل‌های مناسب برای پیشگیری از این پدیده، به ویژه در عصری که اقتصاد و تجارت با سرعت چشمگیری در حال تحول دیجیتال است و تمامی کسب‌وکارها با پدیده دیجیتالی شدن درگیر شده‌است وشرکت‌ها ناچار به گام برداشتن در مسیر تحول دیجیتال می‌باشند، دارای اهمیت می‌باشد. هدف پژوهش حاضر بررسی این موضوع است که آیا تحول دیجیتال شرکتی منجر به کاهش ریسک سقوط قیمت سهام شرکت‌ها می-شود یا خیر. همچنین نقش تعدیل‌گر افزایش سطح حباب قیمت سهام شرکت‌ها نیز مورد سنجش قرار می‌گیرد. با استفاده از محدودیت‌های در نظر گرفته شده، تعداد 141 شرکت در بازه زمانی 1396 -1402 به‌عنوان نمونه پژوهش انتخاب گردید. روش تحقیق پژوهش حاضر کاربردی و با استفاده از رویکرد پس رویدادی (از طریق اطلاعات گذشته) بوده است. جهت آزمون فرضیه‌های پژوهش از رگرسیون خطی چند متغیره مبتنی بر داده‌های تابلویی با استفاده از نرم افزار Eviews12 بهره گرفته شده است. پس از بررسی‌های انجام شده مشخص گردید که میان تحول دیجیتال شرکتی و ریسک سقوط قیمت سهام رابطه منفی و معنی‌دار در سطح خطای 05/0 وجود دارد. این نتیجه نشان می‌دهد که تحول دیجیتال شرکتی، ریسک سقوط قیمت سهام را کاهش می‌دهد. همچنین، تأثیر تحول دیجیتال شرکتی در کاهش ریسک سقوط قیمت سهام با افزایش سطح حباب قیمت سهام تضعیف می‌شود. | ||
| کلیدواژه‌ها | ||
| تحول دیجیتال شرکتی؛ ریسک سقوط قیمت سهام؛ سطح حباب قیمت سهام | ||
| عنوان مقاله [English] | ||
| increasing the bubble level of firms' stock prices on the relationship between corporate digital transformation and the risk of falling stock prices | ||
| نویسندگان [English] | ||
| anahita zandi | ||
| phd | ||
| چکیده [English] | ||
| The fall in prices in the capital market leads to a lack of trust in this market among capital market participants, especially investors. Therefore, identifying the factors affecting price collapse and providing appropriate solutions to prevent this phenomenon is important, especially in an era when the economy and trade are undergoing rapid digital transformation, all businesses are involved in the phenomenon of digitalization, and companies are forced to take steps towards digital transformation. The aim of the current research is to investigate whether the corporate digital transformation leads to a reduction in the risk of falling stock prices of companies or not. Also, the interactive role of increasing the bubble level of companies' stock prices is also measured. Using the considered limitations, 141 companies were selected as the research sample in the period of 2017-2023. The research method of the present study was applied and used a post-event approach (through past information). In order to test the hypotheses of the research, multivariate linear regression based on panel data was used using Eviews12 software. After the investigations, it was determined that there is a negative and significant relationship between corporate digital transformation and the risk of falling stock prices at the error level of 0.05. This result shows that corporate digital transformation reduces the risk of falling stock prices. Also, the effect of corporate digital transformation in reducing the risk of stock price crash is weakened by the increasing level of stock price bubble. | ||
| کلیدواژه‌ها [English] | ||
| Corporate Digital Transformation, Stock Price Crash Risk, Stock Price Bubble Level | ||
| مراجع | ||
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آمار تعداد مشاهده مقاله: 83 تعداد دریافت فایل اصل مقاله: 45 |
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