Abstract Based on the cost–benefit perspective, this study theoretically analyzes and empirically examines the influence of digital transformation speed on firm financial distress. We find that digital transformation speed has a U-shaped relationship with firm financial distress. In addition, after…
Tag: Financial Distress
Failure Escape: The role of advice seeking in CEOs’ awareness of financial difficulties and corporate restructuring
Abstract This study investigates CEOs’ advice-seeking behavior in small- and medium-sized enterprises (SMEs) and its influence on managing the financial difficulties these firms face. Grounded in the attention-based view of firms, our framework posits that CEOs’ advice seeking plays a…