Industry and Regional Peer Effects in Corporate Digital Transformation: The Moderating Effects of TMT Characteristics

Zhang, Xiaoxu; Du, Xinyu

doi:10.3390/su15076003

Cited by 7 publications

(6 citation statements)

References 98 publications

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“…On the one hand, the historical informatization level has nurtured and influenced the modern Internet, but the city's historical informatization level does not directly affect the CSR performance of local corporates. In addition, previous literature has shown that digital transformation has a cohort effect (Zhang & Du, 2023), peer corporates have the general characteristics of the industry and may have similar needs in the application of digital technology, but the digital transformation of other corporates generally cannot directly affect the corporate social responsibility performance. Based on the above analysis, the instrumental variables selected in this paper meet the requirements of relevance and exclusivity.…”

Section: Empirical Analysismentioning

confidence: 99%

How does digital transformation affect corporate social responsibility performance? From the dual perspective of internal drive and external governance

Sun,

Wang,

Wang

et al. 2023

Corp Soc Responsibility Env

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Digital transformation has become a wave sweeping across the globe, affecting all industries with unprecedented speed and breadth, and it is urgent to introduce digital transformation into the corporate social responsibility (CSR) field. This study aims to investigate the impact of digital transformation on CSR performance and its influencing mechanism. The findings are as follows: (1) digital transformation can improve CSR performance; (2) from the dual perspective of internal drive and external governance, we figure out that digital transformation improves CSR performance by improving green management innovation and analyst coverage; (3) further analysis shows that the impact of digital transformation on CSR performance differs under different resource endowments and institutional environments (i.e., formal and informal institutions). Specifically, this promoting effect is only reflected incorporates more resources (i.e., human resources, cultural resources, employment resources, and economic resources), with strong environmental enforcement or high media attention. In the context of digital transformation, this study enriches the mechanism of improving CSR performance and is of great practical significance for corporates, markets, governments and other stakeholders. Meanwhile, the findings of this study are of practical guidance for promoting corporates to fulfill their social responsibility and achieve sustainable development goals in the digital era.

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Section: Empirical Analysismentioning

confidence: 99%

How does digital transformation affect corporate social responsibility performance? From the dual perspective of internal drive and external governance

Sun,

Wang,

Wang

et al. 2023

Corp Soc Responsibility Env

View full text Add to dashboard Cite

show abstract

“…These characteristics are indicative of the thinking and value systems of the TMT members, which then affect the actions and choices of the corporation. The decision-making process and the implementation of corporate DGT initiatives are both highly dependent on the role of the TMTs [41][42][43].…”

Section: Introductionmentioning

confidence: 99%

“…In addition, TMT characteristics are strongly linked to managers' incentives such as avoiding risk, copying others, and competing. These characteristics have a significant influence on information sharing and resource obtaining that are essential for effective corporate DGT efforts [41,[44][45][46][47][48][49][50]. The characteristics of the TMT members, which are both compatible and cohesive, are often seen as a dynamic interaction that drives the innovation process.…”

Section: Introductionmentioning

confidence: 99%

Building Micro-Foundations for Digital Transformation: A Moderated Mediation Model of the Interplay between Digital Literacy and Digital Transformation

Ben Ghrbeia,

Alzubi

2024

Sustainability

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In an era where digital transformation (DGT) is pivotal for organizational resilience and competitiveness, integrating sustainability into the digitalization process has emerged as a strategic imperative. By employing the resource-based view (RBV) and the dynamic capability theory (DCT), this study delves into the micro-foundations of DGT in medium- and large-sized enterprises, highlighting the synergistic role of managerial digital literacy in fostering digital transformation through the mediation role of digital readiness and the moderation role of the top management team (TMT). To fulfill the objectives of this study, data were collected through a cross-sectional mail survey, yielding responses from 235 senior and mid-level managers across medium- and large-sized firms in various industries within Turkey. Results have confirmed that digital literacy significantly enhances digital transformation and readiness, laying the groundwork for successful digital transformation initiatives. Digital readiness significantly mediates the relationship between digital literacy and digital transformation, indicating that enhancing digital literacy is a crucial step that indirectly influences digital transformation through improving digital readiness. The moderating effect of top management team (TMT) behavioral integration on the digital literacy and digital readiness link is affirmed, highlighting its critical role in facilitating organizational digital adaptation. TMT behavioral integration does not positively moderate the direct relationship between digital literacy and digital transformation. The study’s findings offer a novel lens on digital transformation, revealing that the interplay between digital literacy, readiness, and TMT behavioral integration crafts a strategic scaffold for enhancing organizational agility and competitive edge in the digital era.

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“…Third, in practice, the decision-making of serial M&A has great uncertainty, and the research of this paper has important guiding significance for understanding the serial M&A decision-making relationship among geographical peer firms in China. Under the uncertain economic policy environment and incomplete and asymmetric investment information, the geographical peer effect is common [ 44 ]. In the Chinese capital market, many examples of social interaction among geographical peer firms, groups, and individuals observe, imitate, and learn from each other, resulting in consistent behavioral decisions among peers.…”

Section: Introductionmentioning

confidence: 99%

Geographical peer effect in serial mergers and acquisitions: The influence of social learning and director network

Zhang,

Song,

Liao

2023

PLoS ONE

Self Cite

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Based on the serial mergers and acquisitions(M&A) data of Chinese A-share listed companies from 2010 to 2019, this paper discusses whether there are geographical peer effects in serial M&A, and tests its mechanism and influence path. The empirical study shows that geographical peer decision-making has geographical peer effects in the decision-making of serial M&A, and the average number of serial M&A of geographical peers has a significant positive impact on the serial M&A decision-making of focal firms. Social learning and director networks are essential to produce geographical peer effects in serial M&A. The external learning mechanism shows that the geographical peer effect of serial M&A decision-making is partly caused by backward firms’ social learning to the leading peer firms’ decision-making, but vice versa. The director network relationship of focal firms can positively moderate the relationship between the geographical peer firms’ average serial M&A decision-making and the focal firm’s serial M&A decision-making. This paper reveals the mechanism of geographical peer effect in serial M&A decision-making and provides a new perspective to understand the motivation of serial M&A decision-making. These empirical findings not only provide important empirical evidence on serial M&A from developing countries such as China, but also provide a valuable reference for decision-makers and researchers of serial M&A in the future.

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Industry and Regional Peer Effects in Corporate Digital Transformation: The Moderating Effects of TMT Characteristics

Cited by 7 publications

References 98 publications

How does digital transformation affect corporate social responsibility performance? From the dual perspective of internal drive and external governance

How does digital transformation affect corporate social responsibility performance? From the dual perspective of internal drive and external governance

Building Micro-Foundations for Digital Transformation: A Moderated Mediation Model of the Interplay between Digital Literacy and Digital Transformation

Geographical peer effect in serial mergers and acquisitions: The influence of social learning and director network

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