Can digital transformation of the enterprise break the monopoly?

Guo, Xinfang; Song, Xiaoxiao; Dou, Bin; Wang, Aiping; Hu, Haifeng

doi:10.1007/s00779-022-01666-0

Cited by 16 publications

(12 citation statements)

References 24 publications

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“…The existing literature on econometric analysis of digital transformation mainly uses textual analysis method and questionnaire methods to quantify the digital transformation (Chen et al, 2021; Llopis‐Albert et al, 2021). The textual analysis method was used to capture the vocabulary related to digital transformation (Guo et al, 2022; Zhai et al, 2022). Specifically, companies disclose the extent of their digitalization in the form of texts, and therefore the frequency of relevant terms was accounted from their annual financial reports.…”

Section: Variable Description and Methodologymentioning

confidence: 99%

Digital transformation and corporate environmental performance: The moderating role of board characteristics

Chen

Hao

2022

Corp Soc Responsibility Env

129

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Digital transformation, board characteristics, and environmental performance are increasingly important in the field of corporate sustainability. However, despite the growing literature on digital transformation, there is a paucity of literature that considers board characteristics. This paper aims to fill this gap by exploring the relationship between digital transformation and environmental performance from the perspective of board characteristics. Chinese listed companies from 2010 to 2019 were taken as the original data, the moderating effect of the board characteristics was tested by using the moderating effect model. We find that digital transformation can significantly improve corporate environmental performance. A low willingness to digital transformation was showed in the board of directors with age diversity, nationality diversity, shareholding concentration, and political connections. In contrast, digital transformation strategies were preferred in the boards with more female directors and higher educational backgrounds. Our study is of significant value for companies undergoing digital transformation.

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Section: Variable Description and Methodologymentioning

confidence: 99%

Digital transformation and corporate environmental performance: The moderating role of board characteristics

Chen

Hao

2022

Corp Soc Responsibility Env

129

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“…Digital technology achieves sustainable development by reducing costs, improving management efficiency and improving labor productivity. Existing research on digital transformation has focused on employment, labor (Ballestar et al, 2021), productivity (Guo et al, 2022), and innovation (Abdalla and Nakagawa, 2021), while has rarely explored corporate sustainability. In a recent study, Jiao and Sun (2021) used urban data and found that the digital economy can improve economic development and employment to achieve sustainable urban development.…”

Section: Digital Transformation and Corporate Sustainabilitymentioning

confidence: 99%

“…As it is difficult to measure the digital transformation of enterprises through quantitative analysis, this paper uses textual analysis to measure the digital transformation (Guo et al, 2022;Zhai et al, 2022). Unlike Zhai et al (2022), who examined only five keywords related to digital transformation (digitalization, artificial intelligence, big data, Internet of Things, cloud computing).…”

Section: Independent Variablesmentioning

confidence: 99%

“…Furthermore, the application of digital technologies such as big data, robotics, the IoT, blockchain, and smart technologies can lead to disruptive changes in competitive momentum, industry structures, innovation approaches, and board structures (Porter and Heppelmann, 2014;Appio et al, 2021). For example, Guo et al (2022) explored that digital transformation can alleviate industry monopolies based on market competitiveness and firm scale. A missing part in estimating how digitalization can disrupt perceptions is studying innovation approaches and board structures.…”

Section: Introductionmentioning

confidence: 99%

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The impact of digital transformation on corporate sustainability- new evidence from Chinese listed companies

Zhang

Chen

2022

Front. Environ. Sci.

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As Industry 4.0 is seen as the core industrial stage for achieving sustainable development, more and more scholars are exploring the practical effects of Industry 4.0. This paper evaluates the impact of digital transformation on business sustainability, explores whether digital transformation breaks down perceptions, and examines the mechanisms by which it works. First, we measured the digital transformation of each firm using textual analysis. and found that the coefficient of digital transformation is 0.006 on corporate sustainability at the 1% significant level. Secondly, we found that digital transformation eases knowledge flow barriers and makes knowledge more accessible to firms. Firms with higher digital transformation attract more skilled people, which can create talent barriers. Digital transformation can exacerbate firms’ industry monopolies, while increasing the proportion of boardroom women and the inclusion of older members sends positive signals to outsiders. Finally, we find that low costs, high labor productivity, high innovation and low cost of sales are important channels for digital transformation. In addition, digital transformation increases the management costs of firms.

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“…Digital transformation improves communication and monitoring capacities while cutting search costs; therefore, it facilitates coordination and management for multinational enterprises (George & Schillebeeckx, 2022). Moreover, digital transformation helps enterprises achieve higher business performance by disrupting industry and regional monopolies (Guo et al, 2022). Finally, digital transformation can change marketing activities in small-and medium-sized enterprises, which encourages digital marketing (Ziółkowska, 2021).…”

Section: Relationship Between Digital Transformation and Enterprise D...mentioning

confidence: 99%

Does Digital Transformation Promote Enterprise Development?

Liu

Zhang

Zhu

2022

Journal of Organizational and End User Computing

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With the aim of exploring how digital transformation impacts enterprise development in China, this study takes Chinese A-share listed enterprises from 2007 to 2020 as the research sample and constructs a digital transformation index and an enterprise development index. The impact of digital transformation on enterprise development and its mechanisms are investigated. The empirical results show the following findings. First, digital transformation can significantly promote enterprise development. Second, the effect of digital transformation on enterprise development is stronger in enterprises located in inland regions compared to in coastal regions, and is more powerful in enterprises with high levels of development than in those lagging in development. Third, digital transformation can benefit enterprise development by alleviating financing constraints, effectively reducing business risks, and driving technological innovation. Fourth, China’s economic policy uncertainty is an important external factor weakening the role of digital transformation in driving enterprise development.

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Can digital transformation of the enterprise break the monopoly?

Cited by 16 publications

References 24 publications

Digital transformation and corporate environmental performance: The moderating role of board characteristics

Digital transformation and corporate environmental performance: The moderating role of board characteristics

The impact of digital transformation on corporate sustainability- new evidence from Chinese listed companies

Does Digital Transformation Promote Enterprise Development?

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