{"title":"Digital transformation and organizational resilience","authors":"Zhenzhen Wang , Junting Jia","doi":"10.1016/j.frl.2025.107165","DOIUrl":null,"url":null,"abstract":"<div><div>This study examines how digital transformation (DX) affects organizational resilience through management empowerment and financing efficiency pathways in Chinese listed companies (2010–2022). Our findings reveal distinct patterns across organizational contexts: nonstate enterprises profit more from DX than state-owned enterprises, whereas industry-specific analysis shows pronounced effectiveness in non-heavily polluting and high-tech industries. Heterogeneous effects contribute to theoretical knowledge by establishing critical boundary conditions for DX success, emphasizing how ownership structure, environmental restrictions, and technological capabilities influence organizational resilience outcomes. These findings contribute to the DX literature while offering practical implications for diverse institutional contexts.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"78 ","pages":"Article 107165"},"PeriodicalIF":6.9000,"publicationDate":"2025-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325004283","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/3/5 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study examines how digital transformation (DX) affects organizational resilience through management empowerment and financing efficiency pathways in Chinese listed companies (2010–2022). Our findings reveal distinct patterns across organizational contexts: nonstate enterprises profit more from DX than state-owned enterprises, whereas industry-specific analysis shows pronounced effectiveness in non-heavily polluting and high-tech industries. Heterogeneous effects contribute to theoretical knowledge by establishing critical boundary conditions for DX success, emphasizing how ownership structure, environmental restrictions, and technological capabilities influence organizational resilience outcomes. These findings contribute to the DX literature while offering practical implications for diverse institutional contexts.
期刊介绍:
Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies.
Papers are invited in the following areas:
Actuarial studies
Alternative investments
Asset Pricing
Bankruptcy and liquidation
Banks and other Depository Institutions
Behavioral and experimental finance
Bibliometric and Scientometric studies of finance
Capital budgeting and corporate investment
Capital markets and accounting
Capital structure and payout policy
Commodities
Contagion, crises and interdependence
Corporate governance
Credit and fixed income markets and instruments
Derivatives
Emerging markets
Energy Finance and Energy Markets
Financial Econometrics
Financial History
Financial intermediation and money markets
Financial markets and marketplaces
Financial Mathematics and Econophysics
Financial Regulation and Law
Forecasting
Frontier market studies
International Finance
Market efficiency, event studies
Mergers, acquisitions and the market for corporate control
Micro Finance Institutions
Microstructure
Non-bank Financial Institutions
Personal Finance
Portfolio choice and investing
Real estate finance and investing
Risk
SME, Family and Entrepreneurial Finance