Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach

Valdez-Juárez, Luis Enrique; Ramos-Escobar, Elva Alicia; Hernández-Ponce, Oscar Ernesto; Ruiz-Zamora, José Alonso

doi:10.1080/23311975.2024.2318635

Cogent Business & Management

2024

DOI: 10.1080/23311975.2024.2318635

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Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach

Luis Enrique Valdez-Juárez,

Elva Alicia Ramos-Escobar,

Oscar Ernesto Hernández-Ponce

et al.

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Cited by 4 publications

References 135 publications

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The role of managerial overconfidence in digital transformation and sustainable competitive performance in emerging SMEs: The role of digital culture

Khattak,

Wu,

Ahmad

et al. 2024

Bus Strat Dev

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Grounded in upper echelons theory, this research contributes to the current literature on SME digital transformation by leveraging empirical data from 372 SMEs in an emerging economy. The study investigates the influence of overconfident managers on digital transformation and its subsequent impact on sustainable competitive performance, with digital culture playing a moderating role. Our findings reveal that managerial overconfidence significantly influences digital transformation and sustainable competitive performance in SMEs. Digital transformation serves as a significant mediator of the relationship between managerial overconfidence and sustainable competitive performance. Additionally, digital culture strengthens the association between managerial overconfidence and digital transformation. Based on these insights, SMEs need to be aware of managerial traits and, in particular, need to focus on overconfident managers to embrace digitalization and enhance performance.

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The role of managerial overconfidence in digital transformation and sustainable competitive performance in emerging SMEs: The role of digital culture

Khattak,

Wu,

Ahmad

et al. 2024

Bus Strat Dev

View full text Add to dashboard Cite

show abstract

The influence of financial bootstrapping and digital transformation on financial performance: evidence from MSMEs in the culinary sector in Indonesia

Rita,

Nastiti

2024

Cogent Business & Management

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Determinants of SMEs' strategic entrepreneurial innovative digitalization: examining the mediation role of human capital

Hossain,

Rahman,

Čater

et al. 2024

EJIM

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PurposeThis study was inspired by research of strategists on strategic innovation (SI), aiming to provide a unique model to enhance the digitization of small and medium-sized enterprises (SMEs) in Bangladesh to fill the gap toward a digital economy.Design/methodology/approachA survey was used to collect data from 180 SMEs in the manufacturing industry for this research. The results indicate that strategic innovativeness (SI), human capital (HC), infrastructure and technology and resistance to change significantly influence the digitalization in Bangladesh SMEs.FindingsThe link between SI and SMEs' digitalization in Bangladesh is mediated by HC. The results show that HC plays a big role in the connection between SI and the digitalization of SMEs. This study may be valuable for SMEs managers, researchers and policymakers in Bangladesh and other developing nations, who want to learn more about SI in adopting digitalization.Originality/valueThe specialized knowledge and abilities of strategists allow them to establish parallels between the past and present, enabling them to make a sustained forecast about the digital economy. This study encourages small and medium-sized businesses to develop their SI and advance their HC, which could further deject resistance to change toward enhancing and adopting digitalization in SMEs sectors.

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Digital transformation and innovation, dynamic capabilities to strengthen the financial performance of Mexican SMEs: a sustainable approach

Cited by 4 publications

References 135 publications

The role of managerial overconfidence in digital transformation and sustainable competitive performance in emerging SMEs: The role of digital culture

The role of managerial overconfidence in digital transformation and sustainable competitive performance in emerging SMEs: The role of digital culture

The influence of financial bootstrapping and digital transformation on financial performance: evidence from MSMEs in the culinary sector in Indonesia

Determinants of SMEs' strategic entrepreneurial innovative digitalization: examining the mediation role of human capital

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