Digital Transformation Of Enterprises Research Articles

Is managerial ability a catalyst for driving digital transformation in enterprises? An empirical analysis from internal and external pressure perspectives.

In a dynamic and competitive business environment, managerial ability emerges as a pivotal strategic factor for capitalizing on new opportunities within the technological revolution and digital transformation of enterprises. Based on data from Chinese A-share listed firms spanning from 2009 to 2019, this study integrates insights from the upper echelons theory and the behavioral theory of the firm to investigate the moderating roles of historical aspiration shortfalls and industrial competitiveness on the relationship between managerial ability and enterprise digital transformation from internal and external pressure perspectives. Our findings indicate a positive impact of managerial ability on digital transformation. The relationship between managerial ability and digital transformation is reinforced by historical aspiration shortfalls; nevertheless, industrial competitiveness has attenuated the aforementioned relationship. This study contributes to a better understanding of the strategic implications of managerial ability within the context of organizational innovation strategies. It offers valuable insights into the decision-making processes of firms as they navigate the challenges of digital transformation within an ever-evolving business environment.

Managing the Digital Transformation of Enterprises: Assessing its Level in Woodworking Industry Companies

The research is devoted to analysing the woodworking industry from the point of view of using modern digital technologies at its enterprises. The relevance of this work is due to the fact that the timber industry is an important sector of the Russian economy, and the solution of such a task as determining the level of digital transformation (DT) of one of its industries will help identify problem areas and potential opportunities for improving production processes and introducing innovations. The methodological basis was the use of private and universal scientific methods such as analysis, synthesis, comparison, observation, ranking, and expert judgement. The authors of the study studied the activities of foreign and domestic timber processing companies, presented two options for calculating the level of their DT – both by quantifying the level of digitalisation of business processes and the scale of the company, and by analysing the effect of project implementation and the complexity of the technologies used, and found that the results obtained in both cases coincide. In the course of the work, three approaches to digital transformation were considered and it was concluded that its level not only in Russian, but also in foreign companies in the woodworking industry is average. The practical significance of the research consists in the development of recommendations and creation of a methodology for assessing the digital transformation of woodworking industry enterprises, which the latter can use when preparing for changes in the business model and the introduction of new technologies.

No Actual Controller, Distribution of Power in the Executive Team, and Digital Transformation of Enterprises

Digital transformation is an inevitable trend of the times. To promote the digital transformation of enterprises, this article conducts a literature review on the factors that lead to digital transformation from the environmental level, institutional policy level, industrial industry level, and enterprise level. It has been found that most existing literature focuses on companies with actual controllers, while there is less discussion on companies without actual controllers. Therefore, the author discussed whether digital transformation can be more smoothly carried out in companies without actual controllers.

Financial Technology and Digital Transformation of Enterprises—A Perspective of Financing Constraints and Credit Rationing

With the rapid development of the Digital economy, the Digital transformation of enterprises has become a new trend, and the effective promotion of the Digitalization of the enterprise is the key to the high-quality development of China’s economy. Through web crawler crawling data of Shanghai and Shenzhen A-share listed companies from 2011 to 2019 to investigate the role of regional FinTech in Digital transformation of enterprises, using text mining methods. The empirical results show that FinTech has a significant positive effect on Digital transformation of enterprises. After robustness tests such as reducing endogenous problems and replacing samples, the conclusions are still robust; Fintech reduces the information asymmetry between financial institutions and enterprises, alleviates the financing constraints of enterprises, and improves the efficiency of credit allocation by accelerating credit approval, thus promoting the Digital transformation of enterprises; In small and medium-sized private enterprises, FinTech has a more obvious effect on promoting enterprises’ Digital transformation; In the more economically backward Middle West, FinTech can also play its role.

Digital transformation and corporate environmental performance: Evidence from Chinese listed companies

This paper constructs a theoretical model to explain the impact of digital technology transformation on corporate environmental performance (CEP). Then, data mining technology is used to crawl the annual report data of Shanghai and Shenzhen A-share listed companies from 2008 to 2021. With the help of text mining analysis, this study quantifies the digital transformation of enterprises and empirically analyses the impact of digital transformation on CEP. The results indicate that digital transformation has significantly improved CEP. The evidence remains valid after a series of robustness tests, including replacing core variables, eliminating the impact of external major events, improving sample quality and instrumental variable regression. Mechanism verification shows that Digital transformation (DT) enhances CEP through ‘green technology upgrading’, ‘increasing external media attention’ and ‘enhancing internal management control’ effects. Heterogeneity analysis shows that DT has a more significant positive impact on non-private, industry technology-intensive, high regional environmental regulation, high energy consumption and high emission CEP, Internet business models are less conducive to improving corporate environmental performance than other digital technologies. Further tests show that resource reallocation improves the industry’s environmental performance and is an important channel for DT to play a catalytic role.

The effect of enterprise digital transformation on audit efficiency—Evidence from China

The digital transformation of enterprises is the key to conforming to the trends of the times and realizing reform and innovation. Digital transformation will change the enterprise risk and information environment, and also bring challenges to the audit business. This study takes China's Shanghai and Shenzhen A-share listed companies from 2011 to 2021 as a sample, starting from the perspective of audit delay, and empirically tests the impact of enterprise digital transformation on audit efficiency. The results of the study found that the higher the degree of enterprise digital transformation, the more serious the audit delay and the lower the audit efficiency. Further research found that in non-high-tech enterprises and when audited by non-international “Big 4” and accounting firms without digital expertise, the effect of enterprise digital transformation on reducing audit efficiency is more obvious. This study expands the research field of enterprise digital transformation and auditing and provides empirical evidence for improving auditing efficiency.

Assessing the impact of digital transformation on capital market information efficiency under environmental uncertainty: Evidence from China.

Digital transformation is an emerging development opportunity for enterprises in the digital economy and comprehensively reflects the application of digital technology to production, operation, and management strategies. This study used data on A-share listed enterprises in Shanghai and Shenzhen from 2007 to 2022 to examine the relationship between the digital transformation of enterprises and information efficiency of the capital market. Findings revealed that digital transformation can improve the information efficiency of the capital market and that environmental uncertainty plays a more significant regulatory role. The greater the environmental uncertainty, the more enterprises with a high degree of digital transformation can promote the information efficiency of the capital market. Additional analysis showed that the promotional effect of digital transformation on the information efficiency of the capital market is better for non-state-owned enterprises and small and medium-sized enterprises. This study provides detailed insights into digital transformation and capital market information efficiency, which enriches the research related to the economic consequences of digital transformation and demonstrates the theoretical and practical value of corporate digital transformation.

Enterprise digital transformation, COVID-19 and innovation persistence: evidence from China

ABSTRACT This study investigates the detrimental influence of the COVID-19 pandemic on the corporate innovation persistence and explores the mitigating effect of digital transformation by using Chinese A-share listed companies from 2011 to 2021. We find that the COVID-19 pandemic engenders a reduction in the corporate innovation persistence. However, a higher degree of digital transformation effectively alleviates this effect through three mechanisms: alleviating financial constraints, maintaining business stability, and improving investment efficiency. Our findings contribute to the literature concerning the relationship between digital transformation and corporate innovation, and provide micro-level evidence of the digital transformation of enterprises to mitigate public emergencies.

Optimizing digital transformation paths for industrial clusters: Insights from a simulation

Digital technologies have revolutionised industrial clusters, implementing digital transformation without careful consideration can lead to higher risks and ineffective investments. However, the existing research often focuses on enterprises in a specific position, whereas the entire supply chain or end-to-end research is rarely conducted. To fill this gap, this study proposes a sectoral innovation system. It conducts a simulation model to study the digital transformation process by considering the behaviour, knowledge learning, and innovation of upstream and downstream enterprises in different cluster types. The simulation dynamically presents production and productivity changes during the transformation process of the entire industrial cluster. The results reveal that an orderly transformation path is the most effective for Marshallian clusters, whereas a simultaneous transformation works best for central satellite clusters. In addition, the social network simulation before and after the digital transformation of the two industrial clusters shows that enterprises in central-satellite clusters communicate more frequently during digital transformation, which is ultimately conducive to a better performance of the digital transformation of industrial clusters. These findings emphasise the need for tailored digital transformation strategies based on cluster type to maximise benefits, underscoring the importance of leading firms in industrial clusters. It also guides the government's industrial policy formulation and management enlightenment regarding the digital transformation of enterprises.

Employee work engagement in the digital transformation of enterprises: a fuzzy-set qualitative comparative analysis

Information technology has brought about significant changes in enterprises, and new work situations have led to new problems. Employee resistance to new technologies, their ability to learn, and their ability to utilize personal resources to improve work engagement in the face of technological pressure are important factors that companies need to consider when undergoing digital transformation. The influence mechanism of configuration effects on factors around employee work engagement has not been explored, and technostress creators have rarely been included in the configuration as influencing factors in previous studies. On the basis of the job demands-resources (JD-R) model and trait activation theory, this study explored the factors that affect employees’ work engagement at the level of job demands and personal resources. The fuzzy-set qualitative comparative analysis (fsQCA) method was used to investigate the influence of technical stressors, self-efficacy, and the Big Five personality traits on employees’ work engagement. Through a survey of 225 employees in the context of enterprise digital transformation, the results show three driving paths that promote employees’ work engagement: openness to experience conscientiousness, self-efficacy driven, and inhibition to technical stressors. The study also analyzed employees’ low work engagement state, which is driven by an inhibition of agreeableness and extraversion. This research enriches the study of factors influencing work engagement in the digital transformation of enterprises.

Особливості цифрової трансформації підприємств у країнах Європейського Союзу

Digital transformation plays an important role in ensuring the competitiveness of enterprises in today’s environment. The COVID-19 pandemic has significantly exacerbated this trend, as many companies are facing the threat of bankruptcy due to their inability to quickly adapt to the digital format of work. The European Union is no exception, which, in order to prevent such crisis situations, has developed an appropriate digital transformation strategy for 2030, one of the directions of which is the digital transformation of enterprises. It is found that most scientific studies cover the general aspects of digitalization of enterprises in the European Union, without taking into account the specifics of individual countries, or contain an analysis of the digitalization of enterprises in the EU countries without a detailed consideration of its components. In view of the above, the aim of the article is to study the digital transformation of enterprises in different countries of the European Union. To achieve this goal, the digital intensity index and its main components were analyzed. The article uses the following methods: deduction, analysis, synthesis, generalization, comparison, and tabular method. The results showed that enterprises in Northern and Western Europe are characterized by a fairly high level of digital intensity and values for most of its components. This is especially true for European Union countries such as Denmark, Sweden, Finland and Belgium. The opposite trends have been found in the EU countries in Southern and Eastern Europe, which have a much lower indicator of digital intensity and the importance of its components compared to the above-mentioned ones. These include: Bulgaria, Romania, Greece, Hungary and others. In addition, it was found that the majority of enterprises in the European Union have reached at least a basic level of digital intensity, including small and medium-sized ones. However, in order to achieve the goal of digital transformation of small and medium-sized enterprises in the strategic plan by 2030, it is necessary to reduce the gap between the actual and target indicators by more than 20%. For this purpose, the main directions for increasing the level of the Digital Intensity Index were identified, including: stimulating the integration of e-commerce, especially in the direction of B2C, developing staff skills in the field of ICT, employment of specialists in the field of ICT, the use of industrial or service robots, as well as improving the values of most components of the Digital Intensity Index of enterprises in the EU countries in Southern and Eastern Europe.

Executive Cognitive Structure, Digital Policy, and Firms’ Digital Transformation

Executives play a key role in the digital transformation of enterprises. However, currently, few studies explore the impact of the executive cognitive structure on the digital transformation of enterprises. In this article, we reveal the relationships of the executive cognitive structure with the digital transformation of enterprises and the situational boundary from the perspectives of cognitive centrality and complexity. Relying on cognitive and institutional theory, we argue that both executive cognitive complexity and centrality facilitate corporate digital transformation. In addition, we also believe that the strong institutional pressure caused by digital policies has enhanced the roles of executive cognitive centrality and cognitive complexity in promoting the digital transformation of enterprises. Considering China's A-share automotive industry listed companies from 2014 to 2019 as the research object, we have obtained strong empirical evidence for our views. This article is the first to analyze the factors driving firms' digital transformation from the perspective of executive cognition.

Eco-innovations in the digital transformation of enterprises: Sustainability and competitiveness

This article explores the impact of eco-innovations on the digital transformation of enterprises, with a focus on sustainability and competitiveness. In the context of the modern digital economy, environmental innovations are becoming increasingly important for ensuring the sustainable development of enterprises. The article investigates various aspects of integrating environmental innovations into digital processes, such as resource optimization, energy consumption reduction, waste management improvement, and reducing the environmental footprint of production. Drawing on examples of best practices from various industrial sectors, the article analyzes how eco-innovations contribute to creating more sustainable and competitive enterprises in the digital era.

The most important problems, that appear during the digital transformation of enterprises, and approaches to their solution

The most important problems, that appear during the digital transformation of enterprises, and approaches to their solution

Digital Transformation of Enterprises and Carbon Emission Reduction—Based on the Moderating Effect Test of Government Subsidies

Digital Transformation of Enterprises and Carbon Emission Reduction—Based on the Moderating Effect Test of Government Subsidies

The role and best practices of digital governance in the digital transformation of enterprises

The role and best practices of digital governance in the digital transformation of enterprises

Can sharing auditors with customers improve suppliers digital transformation?

Promoting enterprises' digital transformation is fundamental to implementing the digital China strategy and realizing high-quality development. Taking China's A-share listed companies from 2007 to 2021 as a research sample, this study examines the impact of sharing auditors with customers on the digital transformation of suppliers. The results show that sharing auditors with customers can promote suppliers' digital transformation, and this promotion effect is stronger among suppliers with weaker bargaining power, lower media attention, and higher auditor industry expertise. In terms of the mechanism of action, sharing auditors with customers can help strengthen the supplier's supervision, alleviate suppliers' financing constraints, and thus facilitate their digital transformation. Further research finds that when suppliers share auditors with their customers, suppliers' digital transformation helps promote innovation. The research conclusion provides effective empirical evidence for alleviating the dilemma of digital transformation of enterprises.

Spatial Impact of Digital Economy on the Upgrading of Industrial Structure: Evidence From Chinese Cities

To study the impact of the digital economy on industrial structure upgrading, this paper constructs the dynamic spatial Durbin model, dynamic spatial intermediary model, and spatial threshold model based on the panel data of 155 prefecture-level cities in China from 2011 to 2021. It is found that: (a) the improvement of the digital economy in the region can directly promote the upgrading of local industrial structure, but there is a significant “siphon effect,” which makes the spatial spillover effect negative and significant. (b) The digital transformation of enterprises plays a mediating role in the path of digital economy-driven industrial structure upgrading, with a short-term mediating effect size of about 17.18%. (c) The digital economy has a threshold effect on the path of enterprise digital transformation for industrial structure upgrading. These findings provide suggestions for policy.

Особенности и возможности цифровизации компаний

The economy and the society transformation caused by digitalization poses new challenges for organizations of all sizes, forms of ownership and industries. The digital age provides companies with access to new ideas, technologies, business models and markets. Companies will increasingly rely on artificial intelligence to perform basic routine tasks. The rapid change of customers’ needs leads to restructuring of value chains and market structures. At the same time, new strategic perspectives are emerging, the old business models becoming uncompetitive. The vast majority of Russian companies consider digitalization a priority in their activities because of financial benefits. Reducing transaction costs (the costs associated with finding and processing the necessary data) increases flexibility and efficiency of the economy. Digitalization stimulates innovation process in the service sector and allows opening completely new business lines and markets that were previously not available due to the lack of technical capabilities. Digital platforms are playing increasingly important economic role, and some of them have already gained very strong global positions (Google occupies 90% of the search engine, Meta accounts for two thirds of the global social media market, and 40% of online sales are carried out through Amazon). These trends can lead to increased inequality and concentration of wealth in the hands of small group of individuals. Therefore, the inclusiveness of the digital economy is unacceptable. The purpose of the study is to determine digitalization features and prospects of modern organizations business activities. Dialectical and logical methods were used in the article to form causal relationships in the processes of digital transformation of enterprises. As a result, the article reveals the economic features of digitalization, which are the drivers of scientific and technological progress at the present time. Attention is paid to the advantages that digital technologies bring to companies, starting from the possibility of maintaining their place in the market and ending with higher salaries for employees.

Methodology for forming an enterprise activity model with two-way verification based on private logics for performing professional activities

In the process of digital transformation of enterprises, it is necessary to comprehensively consider its activities. The traditional technology for documenting activities is business process models, but they do not answer the question of how an employee performs the tasks assigned to him. In addition, for business process models there are no tools for checking completeness and consistency at the stage of their construction. The article proposes a new methodology for forming a model of enterprise activity, which is based on the abstraction of the mechanism of action. The technique provides two-way verification of the model both from subject matter experts and from ordinary field employees.