... investment primarily through the lens of financing constraints, this research demonstrates that digital transformation helps reduce structural mismatches by improving organizational governance and human capital structure. Consequently, it provides novel empirical evidence on the functional mechanisms...

... performance. Moderating effect Corporate performance Basic research investment Human capital structure Up till date, how to evaluate the economic value of R&D activities of enterprises has become an important issue. It has been widely concerned by scholars at home and abroad for a long...