Digital Transformation, Internal Control and Stock 
Price Crash Risk

Ke Meng

doi:10.70711/memf.v2i5.6097

Digital Transformation, Internal Control and Stock Price Crash Risk

Ke Meng

Abstract

This paper takes Chinas Shanghai and Shenzhen A-share listed companies from 2011 to 2022 as research samples, empirically analyzes the impact of enterprise digital transformation on stock price crash risk, and analyzes the role of internal control in this path. The results
show that the digital transformation of enterprises can significantly reduce the risk of stock price crash; In this process, the effectiveness of
internal control is enhanced by the improvement of digital level, which plays a part of intermediary effect in the process of mitigating the risk
of stock price crash.

Keywords

Digital transformation; The risk of stock price collapse; Internal control

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DOI: http://dx.doi.org/10.70711/memf.v2i5.6097

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