Digital transformation and corporate resilience: Evidence from China during the COVID-19 pandemic
To investigate the relationship between digital transformation and corporate resilience in the face of external shocks, we empirically analyzed the relationship between digital transformation and corporate resilience in the context of COVID-19 by dividing corporate resilience into two dimensions: Re...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2024-11-01
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| Series: | Quantitative Finance and Economics |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/QFE.2024030 |
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| _version_ | 1832590241819525120 |
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| author | AiMin Yan Hao Ma Dandan Zhu Julan Xie |
| author_facet | AiMin Yan Hao Ma Dandan Zhu Julan Xie |
| author_sort | AiMin Yan |
| collection | DOAJ |
| description | To investigate the relationship between digital transformation and corporate resilience in the face of external shocks, we empirically analyzed the relationship between digital transformation and corporate resilience in the context of COVID-19 by dividing corporate resilience into two dimensions: Resistance and recovery. The data in this paper came from manufacturing companies listed in Shanghai and Shenzhen A-shares from 2017 to 2021. The empirical results showed that there was a significant inverted U-shaped relationship between digitalization and corporate resilience. After rich robustness tests, the major findings of this paper hold. Performance surpluses and external competition positively moderate the inverted U-shaped relationship between digitalization and corporate resilience. Performance deficits negatively moderate the inverted U-shaped relationship between digitalization and corporate resilience. |
| format | Article |
| id | doaj-art-29c260262c0e4cb68ae6044d6011cc3e |
| institution | Kabale University |
| issn | 2573-0134 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | Quantitative Finance and Economics |
| spelling | doaj-art-29c260262c0e4cb68ae6044d6011cc3e2025-01-24T01:12:55ZengAIMS PressQuantitative Finance and Economics2573-01342024-11-018477981410.3934/QFE.2024030Digital transformation and corporate resilience: Evidence from China during the COVID-19 pandemicAiMin Yan0Hao Ma1Dandan Zhu2Julan Xie3School of Business, Central South University, Changsha 410083, ChinaSchool of Business, Central South University, Changsha 410083, ChinaSchool of Business, Central South University, Changsha 410083, ChinaSchool of Business, Central South University, Changsha 410083, ChinaTo investigate the relationship between digital transformation and corporate resilience in the face of external shocks, we empirically analyzed the relationship between digital transformation and corporate resilience in the context of COVID-19 by dividing corporate resilience into two dimensions: Resistance and recovery. The data in this paper came from manufacturing companies listed in Shanghai and Shenzhen A-shares from 2017 to 2021. The empirical results showed that there was a significant inverted U-shaped relationship between digitalization and corporate resilience. After rich robustness tests, the major findings of this paper hold. Performance surpluses and external competition positively moderate the inverted U-shaped relationship between digitalization and corporate resilience. Performance deficits negatively moderate the inverted U-shaped relationship between digitalization and corporate resilience.https://www.aimspress.com/article/doi/10.3934/QFE.2024030digitalizationcorporate resiliencedynamic capabilitiesperformance feedback |
| spellingShingle | AiMin Yan Hao Ma Dandan Zhu Julan Xie Digital transformation and corporate resilience: Evidence from China during the COVID-19 pandemic Quantitative Finance and Economics digitalization corporate resilience dynamic capabilities performance feedback |
| title | Digital transformation and corporate resilience: Evidence from China during the COVID-19 pandemic |
| title_full | Digital transformation and corporate resilience: Evidence from China during the COVID-19 pandemic |
| title_fullStr | Digital transformation and corporate resilience: Evidence from China during the COVID-19 pandemic |
| title_full_unstemmed | Digital transformation and corporate resilience: Evidence from China during the COVID-19 pandemic |
| title_short | Digital transformation and corporate resilience: Evidence from China during the COVID-19 pandemic |
| title_sort | digital transformation and corporate resilience evidence from china during the covid 19 pandemic |
| topic | digitalization corporate resilience dynamic capabilities performance feedback |
| url | https://www.aimspress.com/article/doi/10.3934/QFE.2024030 |
| work_keys_str_mv | AT aiminyan digitaltransformationandcorporateresilienceevidencefromchinaduringthecovid19pandemic AT haoma digitaltransformationandcorporateresilienceevidencefromchinaduringthecovid19pandemic AT dandanzhu digitaltransformationandcorporateresilienceevidencefromchinaduringthecovid19pandemic AT julanxie digitaltransformationandcorporateresilienceevidencefromchinaduringthecovid19pandemic |