Research on the Impact of Executive Characteristics on Enterprise Digital Transformation：Moderating Effects Based on the Level of Enterprise Risk-taking

Abstract

Using a sample of A-share listed companies in Shanghai and Shenzhen from 2013 to 2019 and based on upper echelons theory, this paper explores the impact of executives' overseas background, academic background and financial background on enterprise digital transformation, and also examines the moderating effects of enterprise risk-taking. It finds that executives' overseas background, academic background and financial background are all positively associated with enterprise digital transformation. Furthermore, enterprise risk-taking can enhance the positive relationship between executives' overseas background, academic background and enterprise digital transformation, but weaken the positive impact of executives' financial background on enterprise digital transformation. These findings possess theoretical significance in enriching studies in related domains, so as to offer important practical insights into optimizing top management team composition and facilitating the digital transformation of companies.