喻园管理论坛2024年第81期(总第1013期)

演讲主题:Digital Human Capital and Management Decision-Making: Evidence from Management Earnings Forecasts

主 讲 人:田丰 香港理工大学商学院副教授

主 持 人:王秭移 计算金融系讲师

活动时间:2024年10月10日（周四）10：00-12：00

活动地点:管院大楼105室

主讲人简介：

田丰，香港理工大学商学院副教授，博士毕业于加州大学尔湾分校。主要研究领域为盈余管理、财务报告、会计信息系统、信息技术与创新。主要研究成果发表于国际顶级会计与信息系统期刊上，如 The Accounting Review、Management Science、MIS Quarterly、Information Systems Research 和 Contemporary Accounting Research.

活动简介：

This study examines the relation between digital human capital — defined as firms’stock of knowledge, skills, and abilities of individuals regarding digital technologies — and management forecast accuracy. Using a sample of 3,265 firm-years over 2008–2020, we find a positive and economically significant relation between the intensity of digital human capital and management forecast accuracy. This relation remains robust to our instrumental variable analysis, the inclusion of firm fixed effects and industry-year fixed effects estimation, and other sensitivity checks. We further find that digital human capital enhances management forecast accuracy by mitigating optimistic biases. Our study also indicates that the impact of digital human capital depends on a firm’s internal information integration and environmental uncertainty. Digital human capital has a more pronounced impact on management forecast accuracy for firms with better-integrated information systems and those operating in highly volatile environments. Furthermore, we find that digital human capital positively affects operational efficiency by improving forecasting ability. These results demonstrate that digital human capital plays an important role in improving decision-making quality.