On the impact of digital transformation on firm boundaries
Based on the panel data of A-share listed companies in China from 2010 to 2023,and taking the two-way fixed effect model,this article explores the impact and mechanisms of digital transformation on firm boundaries.Results show that,first,digital transformation has a negative effect on firm boundaries,that is,digital transformation can narrow firm boundaries;Second,transaction costs have a partial mediating effect on the relationship between digital transformation and firm boundaries,while dynamic capabilities have a partial masking effect on the relationship between digital transformation and firm boundaries;In addition,entrepreneurship can enhance the negative effect of digital transformation on firm boundaries;Furthermore,heterogeneity analysis shows that for firms in the central and western regions and non-high-tech industries,the negative effect of digital transformation on firm boundaries is more significant.The research conclusion provides references for the theoretical research and management practice of digital transformation and the governance of firm boundaries.
digital transformationfirm boundariesdynamic capabilitytransaction costsentrepreneurship
NETL
NSTL
万方数据
