Influence of Financial Shared Services on the Corporate Debt Cost under Digitalization

Information technologies such as big data and artificial intelligence promote the development of digital economy, accelerate transformation enterprises, continuously facilitate reform enterprise production, organization, management. This study takes Chinese A-share listed companies on Shanghai Shenzhen stock exchanges a sample to examine influence financial shared services corporate debt cost under digitalization background based perspectives stakeholders creditors, shareholders, society. found that sharing can reduce cost. The path mechanism test finds reduces mainly by improving quality accounting information decreasing risk. result shows effect reducing is positively moderated digitalization. Further analysis stakeholder perspective enhanced equity balance social responsibility fulfillment. findings provide insights evidence how use improve management enhance creditor protection in context.