In the context of digital economy, enterprise digitalization brings new research concepts and mechanisms to corporate governance. How does corporate digitalization affect the change of corporate equity structure? Based on the data of Chinese A-share listed companies from 2012 to 2021, this paper investigates the intrinsic mechanism of corporate digitization affecting corporate shareholding structure from the theoretical level and constructs the index of the degree of corporate digitization, on the basis of which, the impact of corporate digitization on the shareholding structure is examined from the empirical point of view. It is found that the higher the degree of enterprise digitization, the lower the equity concentration, and the path analysis shows that enterprise digitization reduces the equity concentration by improving enterprise performance and internal control role. This study has certain reference value to promote the development of enterprise digital economy, improve the equity structure, and enhance the efficiency of corporate governance.

Zhu Fuyun, Zhang Bo. A Study of the Impact of Corporate Digitization on Corporate Equity Structure. The Frontiers of Society, Science and Technology (2024), Vol. 6, Issue 10: 41-50. https://doi.org/10.25236/FSST.2024.061007.

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