Government Attention and "More Words than Deeds" of Enterprise Digital Transformation
Currently,there is little literature that explores the"inconsistency between words and deeds"in digital transformation.Incorporating both the"words"and"deeds"dimensions into a unified framework,we examine whether government concerns contribute to"more words than deeds"in enterprise digital trans-formation,from the perspective of policy resource feedback.Studies find that the government's focus on digital transformation does induce"more words than deeds"and that this phenomenon is more pronounced in firms with managerial myopia,but is effectively suppressed in firms with a bigger number of analysts fol-lowing them.Further research shows that"more words"about digital transformation can help firms ease fi-nancing constraints and access resources such as government subsidies,and the access effect increases with government attention.However,the firms do not invest these resources in digital transformation practices e-ven when government attention to digital transformation is increasing.The findings of this study help to deepen the understanding of the information disclosure and true performance of enterprise digital transforma-tion,and have certain significance for government departments to improve the efficiency of resource alloca-tion and promote the digital transformation of enterprises to"practice what they preach".
government attentionfirm digital transformation"morewords than deeds"managerial myopiaanalyst tracking
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