"精一赢家"特质调节下数字化转型对企业成长与业绩波动的影响研究
Research on the Moderating Role of Niche Winners Trait on the Relationship Among Digital Transformation,Firm Growth and Performance Volatility
陈泰铭 1陈曦 1周诗豪1
作者信息
摘要
以2010～2020年我国沪深上市企业为研究样本,考察不同环境因素影响下"精一赢家"特质对数字化转型与企业成长、业绩波动之间关系的影响.研究发现:数字化转型可促进企业成长,但同时会加剧业绩波动,而"精一赢家"特质加强了数字化转型对企业成长的促进作用,并弱化数字化转型对业绩波动的放大作用,降低企业的数字化转型风险,"精一赢家"特质在正反两方面均优化了数字化转型效果;进一步地,环境技术波动越强、竞争强度越高,"精一赢家"特质对数字化转型效果的两种优化作用会变得更强,环境资本密集度则对"精一赢家"特质的作用产生异质性影响.
Abstract
Based on the samples of the listed firms in Shannghai and Shenzhen Stock Exchanges from 2010 to 2020,this study investigates the impact of niche winners trait on the relationships among digital transformation,firm growth and performance volatility under the influence of different envi-ronmental factors.The results show that digital transformation promotes firm growth,but at the same time increases performance volatility.Moreover,the niche winners trait strengthens the promo-ting effect of digital transformation on firm growth,and weakens the amplifying effect of digital trans-formation on performance volatility,which reduce the risk of digital transformation.Therefore,the niche winners trait optimizes the effect of digital transformation in both positive and negative aspects.Furthermore,the stronger the environmental technology volatility and the higher the competition in-tensity,the more the two optimization effects of niche winners trait on the effect of digital transforma-tion will be strengthened.Meanwhile,the environmental capital intensity has a heterogeneous impact on the role of the niche winners trait.
关键词
数字化转型/精一赢家/企业成长/业绩波动/环境因素Key words
digital transformation/niche winners/firm growth/performance volatility/environ-mental factor引用本文复制引用
基金项目
国家社会科学基金资助重大项目(21ZDA033)
国家社会科学基金资助项目(21BGL223)
江苏省社会科学基金资助重点项目(20GLA007)
出版年
2024
NETL
NSTL
万方数据