IMPACTS OF RESOURCE SYNERGY ON FIRMS'DIGITALIZED TRANSFORMATION BASED ON UNCERTAIN ADJUSTMENT OF ECONOMY POLICIES
Firms'digitalized transformation is becoming an unavoidable path to quality development of China's microscopic economic majority,and also a new drive to Chinese firms'upgrade and transformation.Resources synergy plays a critical role during firms'digitalized transformation.Uncertain economy policies may impact firms'will in innovation and investment.This paper,based on 2011 to 2019 A-listed manufacturing firms data in Chinese stock market,uses coupling coordination model to measure firms'resources synergy,and applies multiple regression model to explore the impacts of resources synergy on firms'digitalized transformation and to study the adjustment of uncertain economy policies on between resources synergy and firms'digitalized transformation.Resources synergy is positively correlated with firms'digitalized transformation,meaning it promotes the latter.Mechanism of firms'technical innovation on between resources synergy and digitalized transformation indicates that resources synergy can boost firms'digitalized transformation through enhancing firms'technical innovation.Uncertainty of economy policies will adversely affect the promotion of resources synergy on firms'digitalized transformation,the higher uncertainty,the weaker the positive impact.Compared with state-owned and non-east firms,the positive driving of resources synergy on firms'digitalized transformation works more on private and east firms.This paper presents suggestions on fulfilling the impacts of resources on firms'digitalized transformation,consolidating resources to increase their coupling coordination so as to raise the whole operating efficiency on firms'resources,improve the policy support system that can promote the digital transformation of firms,and minimize the uncertainty of economic policy,formulating and implementing appropriate policies to promote digital transformation of firms,in order to address the heterogeneity of digital transformation among different types of firms in China.
resources synergydigitalized transformationuncertainty of economy policiesmanufacturing firms
NETL
NSTL
万方数据
