Factors Affecting Digital Transformation Information Disclosure Level by SET50 Companies
Keywords:
Factors Affecting, Digital Information Disclosure, SET50 Digital TransformationAbstract
Firms in almost all sectors have experienced digital disruption and thus making digital transformation a critical agenda for organization at all levels. Firms also need to disclose information about the transition to the market and investors in order to create a positive perception that will affect the business's value. This study aims to explore the level of digital transformation related activities information disclosure and factors affecting the level of the disclosure. The data used was obtained from firms’ annual report from 2016-2020 period. The findings indicated that most of the firms in the sample undertaken a digital transformation and revealed the activities to investors. In addition, the level of information disclosure has increased continuously throughout study period with financial services considered the most responsive industry to digital disruption. However, the most commonly reported information or words are not high-tech digital as the top three reported words are words in the group of digitization, online, and e-commerce. The findings also indicated that the disclosure of past digital activity, firm’s size, and return on asset significantly influence the level of information disclosure of digital activities.
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