Enterprise Transformation Research Articles

Digital Transformation, Absorptive Capacity and Enterprise ESG Performance: A Case Study of Strategic Emerging Industries

Digital transformation provides new drivers for economic performance growth in enterprises, but can it further improve ESG performance and support sustainable development? Based on the perspective of resources and capabilities, this article uses the relevant data of 1588 listed companies in strategic emerging industries from 2011 to 2021 to study the impact of digital transformation on enterprise ESG performance examines the intermediary role of absorptive capacity and the moderating role of regional digitalization level, and further analyzes the heterogeneity of property rights and industrial nature. The research results indicate that: firstly, digital transformation of enterprises can positively promote the improvement of ESG performance; secondly, absorptive capacity serves as a conduit through which digital transformation influences a company’s ESG performance; thirdly, the regional digitalization level positively moderates the promotion effect of digital transformation on enterprise ESG performance; fourthly, the impact of digital transformation on ESG performance of enterprises is significantly differentiated in the nature of enterprise property rights and industrial nature, and the ESG performance of state-owned enterprises and high-end equipment manufacturing enterprises is more sensitive to digital transformation. The research conclusion is based on a digital perspective, providing relevant insights for improving the ESG performance of strategic emerging industry enterprises and expanding their ESG development paths.

Does digital transformation promote local-neighborhood green technology innovation?－based on the panel data of Chinese a-share listed companies from 2011 to 2021

As China's economy continues to grow rapidly, the importance of green and sustainable development is increasingly prominent. In this context, enterprises have undergone significant changes in all aspects of the value creation process. Based on the data of Chinese a-share listed companies from 2011 to 2021, this paper links the digital transformation of enterprises with the green technology innovation of enterprises. The focuses on the relationship between the enterprises' digital transformation and the enterprises' green innovation and its Local-neighborhood effect. Research shows that the digital transformation of enterprises will promote the enterprise green technology innovation, and this relationship will have a Local-neighborhood effect in different regions, and this spatial spillover effect is mainly achieved through the transfer of high-tech industries between regions. The results of heterogeneity test show that the effect of green technology innovation is the strongest in Beijing-Tianjin-Hebei economic circle, and the weakest in Pearl River Delta economic circle. Based on the spatial econometric model, this paper provides empirical evidence for the government and the state to formulate the regional development strategy of enterprises' digital transformation and green innovation.

CONCEPTUAL FOUNDATIONS FOR THE FORMATION OF PERSONNEL STRATEGY AT INDUSTRIAL ENTERPRISES IN THE CONTEXT OF DIGITALISATION

The relevance of research on the conceptual foundations of personnel strategy formation in industrial enterprises under the conditions of digitalisation appears to be very relevant, which is due to the following factors. The digital transformation of industrial enterprises leads to the emergence of new technologies, processes and personnel requirements. The HR strategy must adapt to these changes in order to ensure that the company has the necessary qualifications and skills. Under the conditions of digitalisation, the demand for specialists in the field of information technologies and digital data processing is increasing. Companies need to develop strategies to attract, retain and develop such personnel in order to remain competitive. Digital technologies make it possible to automate and optimise business processes, so the HR strategy must reflect these changes and take into account the new roles and requirements for personnel. As technologies and processes change, there is a need for continuous training and development of personnel. The HR strategy should include training and development programmes aimed at increasing digital skills. Studying the conceptual foundations of personnel strategy development in the conditions of digitalisation will help companies to effectively adapt to contemporary challenges and ensure their competitiveness. The purpose of the article is to disclose the conceptual foundations of forming a personnel strategy at industrial enterprises in the context of digitalisation. The methodology of the study is an interdisciplinary approach based on the idea of effective development of an industrial enterprise as a sociotechnological system, which allowed to combine systemic knowledge that will help to understand how social factors affect the implementation of technologies and the development of the enterprise as a whole. The enterprise as a complex social and technological system should be analysed within the framework of the socio-humanistic approach, which is based on the recognition of the human being as the subject and object of all processes. In the context of a socio-humanistic approach to business analysis, it is important to address aspects related to social relations, human needs and values, and the interaction between employees and management. The fundamental principles of the socio-humanistic approach, such as taking into account the individual needs of employees, supporting their development and satisfaction from professional activities, can be applied to the analysis of an enterprise's performance. This means that the efficiency and success of an organisation is assessed not only by financial indicators, but also by the level of satisfaction and development of its employees. Studying the social interactions, communication and psychological climate of the team can help to understand what factors contribute to or hinder the effective functioning of the organisation. This approach allows to see the company as a living, organic system in which human relationships and values play an essential role. The study opens up the possibility of integrating different scientific disciplines, such as sociology, technology, economics, psychology and management, in order to understand the complex relationships in today's industrial companies. The implementation of the recommendations will help companies improve the efficiency of personnel management, provide the necessary human resources and meet the requirements of the modern market. The research generates new knowledge in the field of personnel management and digitalisation, has direct practical application for companies in increasing their competitiveness and stability in the market.

Directors' and Officers' Liability Insurance and the Digital Transformation of Enterprises: Based on the Empirical Evidence of Listed Companies in China from 2011 to 2021

Amidst the wave of the digital economy, numerous enterprises have commenced the process of digital transformation to address market challenges and fluctuations, as well as to pursue sustainable growth. Directors' and officers' liability insurance (D&O insurance), being an essential instrument of corporate governance, necessitates an empirical investigation to unravel its influence on enterprises' digital transformation. This study selects Shanghai-Shenzhen A-share listed companies from 2011 to 2021 as research subjects to examine the impact of D&O insurance procurement on enterprises' digital transformation and its underlying mechanisms. The findings reveal that the procurement of D&O insurance significantly fosters the progress of enterprise digital transformation, and this conclusion remains robust after employing a series of robustness tests, including the instrumental variable method and DIGT. The mechanism analysis indicates that by elevating the risk-bearing capacity of enterprise managers, the management efficiency of enterprises can be enhanced, thereby motivating supervisory executives to augment the quality of internal control and facilitate the digital transformation of enterprises. Further examination discloses that executive equity incentives and executive responsibility insurance possess complementary effects in promoting enterprise digital transformation, making the subscription of executive responsibility insurance a pivotal factor in enhancing the effectiveness of enterprise digital transformation and fostering high-quality economic development.

Can green finance policy curb corporate ESG report “green washing”? — Experiential evidence from Chinese listed companies

ABSTRACT In recent years, ‘green washing’ in ESG reports emerge more intensely, which seriously interferes with normal capital investment behaviour. This paper takes the Chinese A-share listed companies in 2013–2020 as a research sample and explores the relationship between investors’ attention and the ‘green washing’ of the enterprise ESG report. Research shows that green financial policies significantly encourage the ESG report ‘green washing’ behaviour of heavy-polluting enterprises. The primary cause is heavy-polluting enterprises are more motivated to relieve financial pressure through ESG report ‘green washing’ under the pressure of green financial policies. The conclusion of this paper shows that green financial policies to promote the green transformation of enterprises may negatively induce enterprises to falsely disclose ESG information.

Mystery of special government subsidies: How does digital transformation promote enterprise innovation and development?

The digital transformation of enterprises has become an important driving force in promoting the high-quality development of China's economy and in-depth implementation of an innovation-driven development strategy. To this end, this study uses the panel data of China's A-share listed enterprises from 2010 to 2019 to explore the relationship among enterprise digital transformation, government subsidies, and innovation. Results indicated that digital transformation can significantly stimulate enterprise innovation. The impact mechanism test shows that the digital transformation of enterprises can increase their R&D expenditure and alleviate their financing constraints, thereby jointly promoting enterprise innovation in terms of innovation resources and financing resources. Furthermore, heterogeneity analysis indicates that digital transformation has a greater incentive effect on private enterprises, non-technology enterprises, service industries, and growth stage enterprises. By introducing special financial subsidies for digital transformation, special financial subsidies for digital transformation are shown to have a positive impact on the sensitivity of digital transformation and enterprise innovation. This effect is also played out through innovation spending and corporate finance, and the role of long-term financing is greater than that of short-term financing. Therefore, the role of digital transformation in promoting enterprise innovation must be actively played to achieve a high-quality development of the regional economy.

Research on the Present Situation, Problems and Countermeasures of Digital Transformation of Small and Medium-sized Private Enterprises

Research on the Present Situation, Problems and Countermeasures of Digital Transformation of Small and Medium-sized Private Enterprises

Modern approaches to the formation of systems for evaluating the level of enterprises digitization

The article examines the essence of the concept of digital transformation of enterprises, which includes the introduction of digital technologies into the enterprise's business processes, management processes, and communication processes. The available approaches to assessing the level of digital transformation of enterprises, which is a necessary tool for further development strategy, were analyzed. It was determined that existing studies and scientific publications on the formation of systems for evaluating the level of digital development need some refinement, taking into account the specifics of the enterprises to which they are applied. A unique approach to forming an assessment of the level of digital transformation of aviation enterprises was proposed, according to which it is proposed to apply an integral assessment that takes into account indices of digital activity, maturity and interaction. The advantage of this approach is taking into account the specific processes inherent in aviation industry enterprises and forming a tool that allows you to assess the possibility of functioning of various aviation market subjects in a single information field. Special attention was paid to the method of calculating indicators that are part of the indices of digital activity, maturity and interaction. Thus, the assessment of the level of digital transformation of aviation enterprises will allow in the future to develop a joint strategy for the formation of a digital space in which the subjects of the aviation market will function.

Enterprise digital transformation empowers supply Chain stability

We primarily investigate the influence of enterprise digital transformation on supply chain stability. It finds that digital transformation in enterprises enhances supply chain stability, with industrial structure adjustment playing a mediating role. Specifically, digital transformation in enterprises promotes industrial structure adjustment, thereby improving supply chain stability. Further heterogeneity analysis reveals that the effect of enterprise digital transformation on supply chain stability is more pronounced in some eastern regions.

Impact of digital technology innovation on carbon intensity: evidence from China's manufacturing A-share listed enterprises.

Current studies do not provide a consensus on whether digital technology innovation can reduce enterprise carbon intensity despite the rise of the digital economy. This paper examines the role and influence pathway of digital technology innovation on enterprise carbon intensity using data from A-share listed enterprises in China's manufacturing industry from 2012 to 2021. The findings indicate that (1) digital technology innovation has been found to significantly reduce enterprise carbon intensity, as confirmed by numerous robustness and endogeneity tests. However, its inhibitory effect on carbon intensity shows a marginal decreasing trend. (2) In the heterogeneity analysis, it was found that digital technology innovation significantly reduces the carbon intensity of consuming coal, coke, kerosene, and diesel. From various perspectives, including enterprise, industry, and external environment, there are significant differences in the carbon reduction effects of digital technology innovation. (3) The analysis of impact paths reveals that digital technology innovation can affect enterprise carbon intensity through three paths: improving productivity, enhancing green innovation efficiency, and adjusting energy consumption. (4) Upon further analysis, it was discovered that the spillover effect of digital technology innovation is more pronounced in the industry cohort of enterprises. Additionally, digital technology innovation plays a positive role in enhancing enterprise ESG performance. The paper's findings offer empirical evidence and decision-making references for the government to develop reasonable policies for reducing carbon emissions, promoting green and low-carbon enterprise transformation, and actively and steadily achieving the goal of carbon peaking and carbon neutrality.

The Importance of Investments in Scientific Research in the Innovative Activity of Industrial Enterprises

In the article, the importance of investments in scientific research in the implementation of digital transformation and automation in industrial enterprises is studied on the example of developed countries, such as USA, theoretical and practical proposals are made for directing investments in scientific research in digitization and automation of industrial enterprises of Uzbekistan. The innovative activity of industrial enterprises should be such that it creates innovations in all processes: from research and development to production, from production to management, from sales to delivery to consumers, to study of the post-consumer situation, introduction of new digital and automated technologies, management system evaluation of activities, improvement of the functionality of products and technologies, reduction of costs and increase of efficiency, organization and production of marketing and advertising activities, with coverage of consumers, convenient delivery to customers, packaging, clarification of product description and rules of use of the product, as well as benefits or advantages obtained as a result processes should be covered. In addition, having a certain share of the main products in the total volume of production, it is possible to create business models with the aim of achieving a large amount of income from the main products due to the increase in the volume of sales with new technologies of production. The use of investment funds by industrial enterprises in the direction of scientific research in their innovative activities has a great effect.

Digital Transformation of Enterprises, Financing Constraints and Enterprise Innovation

Digital Transformation of Enterprises, Financing Constraints and Enterprise Innovation

CLASSIFICATION OF DIGITALIZATION OF PRODUCTION AND BUSINESS PROCESSES

The digital transformation of enterprises is impossible without the digitalization of their business processes. A business process is a chain of actions that leads to the creation of a product or the provision of a service. It is the basis of any enterprise. In order to develop scientific knowledge about business processes, it is necessary to constantly analyze information, group it or systematize it into a single whole. This will improve the performance of enterprises and successfully carry out digitalization in every industry, including the agro-industrial complex. The article proposes a classification of digitalization of production and business processes by areas of implementation and types of process optimization. In particular, the types of production process optimization are considered in the agro-industrial complex. The main results are that for the first time a classification of digitalization of production and business processes, including in the agro-industrial complex, has been developed. To form the classification, the scientific works and textbooks of scientists in the field of business process digitalization management were used. Digitalization enables small companies to create new products and bring them to market quickly. It allows to transform business, create completely new forms of entrepreneurship, modernize the entire society, and move to its digital form. In order to make a management decision on the digitalization of business processes, it is necessary to analyze the existing business processes of an enterprise. The introduction of digitalization at enterprises improves business processes that increase the competitiveness of products. The transition of agricultural enterprises to e-agriculture can be ensured by the use of modern digital technologies, such as computers, servers, websites that allow the transfer and receipt of information on the agricultural sector and markets for agricultural products, raw materials, etc. The classification makes it possible to delineate production processes and constantly improve them, because a business process is a sequence of actions that result in the creation of a new product, service or analysis of employee performance.

RESEARCH ON THE STRATEGIC CONSENSUS OF EMPLOYEES IN THE PROCESS OF ENTERPRISE DIGITAL TRANSFORMATION (THE CASE OF “XDF DONG YUHUI ESSAY INCIDENT”)

In contemporary enterprise development, digital transformation is an important trend. Its success depends not only on technical capabilities, but also on the support of organizations and teams. Employee strategic consensus, as an important dimension of corporate strategy execution, plays a decisive role in the smooth advancement of digital transformation. On the basis of reviewing the development history of the concept of strategic consensus, this article focuses on exploring the mechanism of employee strategic consensus in the digital transformation of enterprises. The article analyzes the potential negative impact of a lack of strategic consensus among employees, using the "New Oriental Dong Yuhui Essay Incident" as an example. Research shows that employee strategic consensus helps accelerate decision-making and execution, improve adaptability to change, promote innovation and collaboration, and improve employee satisfaction and loyalty. Enterprises can effectively establish and maintain strategic consensus among employees by strengthening strategic communication, promoting broad participation, establishing incentive mechanisms, and conducting in-depth research on feedback, thereby promoting the realization of digital transformation goals. As digital transformation has a profound impact on enterprises' internal structure and culture, employee strategic consensus will continue to be a key issue in corporate strategic management and organizational performance improvement.

ESG Performance and Competitive Advantage Construction for the Development of Enterprise Transformation—A Case Study of Sany Heavy Industry Co., Ltd.

Against the backdrop of escalating global environmental and social challenges, enterprises are increasingly recognizing the pivotal role of Environmental, Social, and Governance (ESG) factors in their long-term competitive advantage. This paper employs a methodology combining literature review and case analysis to delve into how ESG performance acts as a catalyst for competitive advantage construction amid enterprise transformation, with a particular emphasis on the optimization of internal management and governance structures. The research reveals that by actively enhancing ESG performance, enterprises not only bolster their reputation and brand image but also steer themselves towards more sustainable and responsible business models. This shift is not merely a response to external environmental pressures but also a core driver of internal corporate transformation and upgrading. By integrating ESG strategies with their management practices, enterprises can cultivate distinctive competitive advantages, ultimately achieving enhanced sustainable development and overall competitiveness. The study provides theoretical and practical guidance for enterprises, aiding them in effectively integrating ESG factors into practice, thereby facilitating transformational development and competitiveness enhancement.

Digital Transformation and Performance of Enterprises

Under the macro background of digital China construction, it is of great practical significance to explore how enterprises can achieve the improvement of ESG performance through effective digital transformation based on the perspective of managers' learning theory. This paper takes China's A-share listed companies in 2009- -2021 as A research sample to empirically test the impact of digital transformation on the ESG performance of enterprises. The study found that the digital transformation of enterprises has significantly promoted the fulfillment of ESG responsibilities. The results of the mechanism of action show that the digital transformation of enterprises is through improving the management Sense perception and decision-making, thereby improving ESG performance. Further research based on the heterogeneity of management characteristics shows that the shadow of digital transformation on the ESG performance of enterprises is more significant among male CEOs, executives without academic background, no financial background and low management shareholding ratio. The research not only improves the learning theory of managers, but also provides empirical evidence for digital transformation to affect enterprise behavior, and provides new ideas for encouraging and guiding enterprises to fulfill ESG responsibilities.

Digital Transformation and the Quality of Green Innovation in Manufacturing Companies

The digital economy has given rise to the digital transformation of enterprises, supply chain management welcomes new opportunities, and the contradiction between economic development and resources, energy and environment needs to be solved urgently. This paper takes China's Shanghai and Shenzhen A-share listed companies in the manufacturing industry from 2010 to 2022 as a sample, and adopts Python crawler technology, SA index, and two-way fixed model to construct a green innovation evaluation system, and builds a mediation effect model with "supply side optimization-demand side pull" as a chain to explore the influence mechanism of digital transformation on the quality of enterprises' green innovation. Explore the influence mechanism of digital transformation on the quality of green innovation of enterprises. A two-way fixed model is used to test the moderating effects of environmental regulation, media attention and the heterogeneity between supply and demand. Finally, suggestions for green innovation of enterprises in the perspective of digital economy are proposed.

Study on the Impact of Digital Transformation on Green Total Factor Productivity

This paper discusses the theoretical application mechanism of digital transformation to total factor productivity from the direct and indirect effects, and constructs enterprise digital transformation indicators based on the data of A-share listed companies from 2010 to 2022 for empirical analysis. The findings are as follows: First, enterprise digital transformation significantly promotes the increase of total factor productivity, and this conclusion passes multiple robustness tests. Secondly, the digital transformation of enterprises mainly enables the improvement of total factor productivity through direct effects and indirect effects of reducing internal control costs and external transaction costs. Finally, the empowering effect of enterprise digital transformation on total factor productivity is more obvious in service industries, technology-intensive, capital-intensive, competitive industries, large-scale enterprises, and emerging enterprises.

Path analysis of digital development on the green industrial transformation of Chinese resource-based enterprises

In the context of the rapid development of the global digital economy, the digital transformation of enterprises and their resource consumption has become crucial for countries to enhance their competitiveness and cultivate new growth areas. This study examines the effects of corporate digitalization on green transformation within resource-based firms listed in China from 2009 to 2021. The analysis reveals that digital transformation substantially enhances the sustainability of these enterprises. Nonetheless, the effects are not uniform across all sectors: they are more pronounced in mining-based companies, large entities, and businesses operating in the central and western regions of China. In contrast, impacts appear negligible for energy production and supply companies, smaller firms, and enterprises based in the central regions. The robustness of these findings is confirmed through various methodological adjustments, including variations in the explanatory variables, adjustments to the study's sample size, the inclusion of additional control variables, and the application of diverse empirical models. Finally, we further finds that internal and external factors such as increased corporate social responsibility, increased media attention, and financialization support can contribute to the greening effect of digital transformation on resource-based enterprises.

The Successful Transformation Strategies and Performance Analysis of Listed Companies: Taking Haier Company as an Example

This article takes Haier, a well-known listed company in China, as the research object, and explores in depth the strategies and performance analysis for successful transformation of enterprises. The article first provides an overview of the basic situation of Haier Company, focusing on its three stages of diversified development, international development, and global intelligent development, showcasing the growth process of Haier Company in continuous transformation. On this basis, this article further analyzes the key strategies for Haier's successful transformation, mainly including organizational strategy restructuring, product digitization, and digital platform construction. Then, this article also conducted a comprehensive evaluation of the transformation effect of Haier Company. The evaluation was conducted from two dimensions: financial performance and non-financial performance, and the results showed that Haier Company achieved significant improvement in financial performance and non-financial performance during the transformation process. Based on the above research, this article draws the conclusion of Haier's successful transformation and summarizes its experience. Research has found that Haier has achieved significant results in financial performance and comprehensive improvement in non-financial performance by implementing effective transformation strategies. This provides useful reference and guidance for other listed companies in China, which helps to promote the development of related industries.