Author(s)

Lingli Ran ¹

Affiliation(s)

¹ Guizhou University of Finance and Economics, Guiyang, Guizhou, 550025, China

Corresponding Author

Lingli Ran

ABSTRACT

This study examines the impact of patient capital on enterprise digital transformation based on data from A-share listed companies from 2014 to 2023 (32,665 observations). Patient capital is defined as stable equity (measured by the shareholding ratio of long-term institutional investors). Descriptive statistics and correlation analysis reveal that the shareholding ratio of institutional investors is significantly positively correlated with the degree of digital transformation (β=0.015, p<0.05), though the effect size is smaller than traditional factors such as firm size. The findings suggest that patient capital promotes enterprise digital transformation by mitigating information asymmetry and providing long-term financial support, with its mechanism linked to reducing managerial short-termism. These conclusions enrich the theory of enterprise innovation and provide empirical evidence for fostering patient capital and advancing digital transformation.

KEYWORDS

Patient Capital, Digital Transformation, Long-Term Investment, Information Asymmetry

CITE THIS PAPER

Lingli Ran, An Exploration of Patient Capital on Enterprise Digital Transformation. Accounting and Corporate Management (2025) Vol. 7: 80-83. DOI: http://dx.doi.org/10.23977/acccm.2025.070311.

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