Short Selling Mechanism, Information Transparency, and Efficiency of Enterprise Digital Transformation

Yuetong Wu

doi:10.47297/wspceWSP2516-251905.20261001

PDF
导出
分享
收藏
专辑

Short Selling Mechanism, Information Transparency, and Efficiency of Enterprise Digital Transformation

10卷第1期

浏览量: 0 Downloads: 0

Short Selling Mechanism, Information Transparency, and Efficiency of Enterprise Digital Transformation
Short Selling Mechanism, Information Transparency, and Efficiency of Enterprise Digital Transformation
Century College, Beijing University of Posts and Telecommunications, Beijing, 102100, China
2026年10卷第1期页码：22-27
纸质出版：2026-02-28
DOI：10.47297/wspceWSP2516-251905.20261001
Accepted：

Scan QR Code

Yuetong Wu. (2026). Short Selling Mechanism, Information Transparency, and Efficiency of Enterprise Digital Transformation. 创意经济（英文版）, 10(1), 22-27.

Wu Yuetong.Short Selling Mechanism, Information Transparency, and Efficiency of Enterprise Digital Transformation[J].Creative Economy,2026,10(01):22-27.
Yuetong Wu. (2026). Short Selling Mechanism, Information Transparency, and Efficiency of Enterprise Digital Transformation. 创意经济（英文版）, 10(1), 22-27. DOI： 10.47297/wspceWSP2516-251905.20261001.

Wu Yuetong.Short Selling Mechanism, Information Transparency, and Efficiency of Enterprise Digital Transformation[J].Creative Economy,2026,10(01):22-27. DOI： 10.47297/wspceWSP2516-251905.20261001.

摘要

Abstract

With the rise of the digital economy

digital transformation of enterprises has become an important way to enhance their core competitiveness. This project intends to select Chinese listed companies from 2015 to 2023 as empirical research objects

systematically examining the impact of short-term short selling and information transparency on the efficiency of digital transformation of Chinese enterprises from both theoretical and empirical perspectives

and revealing their underlying mechanisms. This study takes listed companies in China as the research object

and through the establishment of a multivariate regression model

it is found that the short-term short selling mechanism has a significant promoting effect on the efficiency of digital transformation of enterprises. At the same time

information transparency also plays a certain moderating role. In addition

this article also found that short-term short selling has a more significant effect on the digital transformation of non-state-owned companies and high-tech industries. The research results of this project will provide empirical evidence and policy recommendations for the construction of China's capital market system and the promotion of digital transformation of Chinese enterprises.

关键词

Keywords

references

Tai, Q. (2023) Correctly viewing the short-selling mechanism in the A-share market . Board of Directors , 2023 ( 10 ): 10 – 11 .

Bao S.Q. , Guo W . Z . ( 2023 ) On the construction of the sh ort-selling mechanism in China's capital market from the perspective of external corporate governance: Also on the short-selling function of the securities lending system. Southern Finance , 2023( 02 ): 61 – 75 .

Yang Y. , Yi Q . L . ( 2022 ) Research on the internal mechanism among short-selling mechanism, option effect, and systemic risk: A long-short battle analysis based on the Black-Scholes model. Finance & Economy , 2022( 08 ): 79 – 87 .

Zhao, F.Y. (2020) Research on the impact of the short-selling mechanism on the volatility of A-shares . Guangxi Quality Supervision Guide , 2020 ( 09 ): 171 – 172 .

Zhao T.H. , Zhang X . K . ( 2024 ) A case study of the short-selling mechanism combating financial fraud: Taking Muddy Waters' shorting of Luckin Coffee as an example. Investment and Entrepreneurship , 35 ( 05 ): 82 – 85 .

Xu, X. (2022) On the introduction and improvement of China's "Muddy Waters-style" short-selling mechanism . East China University of Political Science and Law .

Qin Z.M. , Yu P . F . ( 2021 ) Research on the suppression of financial fraud at Luckin Coffee based on the short-selling mechanism. Accounting and Control Review , 2021( 02 ): 224 – 245 .

Li W.L. , Chen X . M . ( 2021 ) Research on the legal pathway for the short-selling mechanism to ensure the effectiveness of information disclosure. Securities Law Review , 2021( 00 ): 237 – 252 .

Hu J.L. , Zhang C . ( 2021 ) A brief analysis of the role and impact of the short-selling mechanism on China's capital market . China Journal of Commerce , 2021( 05 ): 88 – 90 .