Table 4 Recap of H7 and H8.

From: A study on the influencing factors of corporate digital transformation: empirical evidence from Chinese listed companies

Enterprise characteristics

Hypotheses

Shareholding structure

H7: Corporate shareholding structure has an inverse effect on digital transformation; the more concentrated the shareholding structure, the lower the willingness of firms to transform digitally

Ownership

H8: SOEs have a lower willingness to undertake digital transformation compared to private enterprises

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