{"title":"Digital strategy ripples: Understanding the digital transformation cascade along the supply chain","authors":"Zhen Xi, Yichen Zhang, Jing Zhao","doi":"10.1016/j.frl.2025.107454","DOIUrl":null,"url":null,"abstract":"<div><div>This paper investigates whether and why firms follow their customers and suppliers to adopt digital transformation (DT) strategies. Through textual analysis of quarterly conference calls, we find that firms adopt DT strategies following their suppliers and customers, indicating digital transformation cascades along the supply chain. Moreover, the DT alignment is stronger when focal firms face greater monitoring from “digital enthusiast” analysts and stronger digital transformation pressure from their industry peers. Additionally, long-term partners, firms from industries with advanced DT, and those centrally positioned within the supply chain network create a stronger ripple along the supply chain.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"80 ","pages":"Article 107454"},"PeriodicalIF":6.9000,"publicationDate":"2025-06-01","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/S1544612325007135","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/4/19 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This paper investigates whether and why firms follow their customers and suppliers to adopt digital transformation (DT) strategies. Through textual analysis of quarterly conference calls, we find that firms adopt DT strategies following their suppliers and customers, indicating digital transformation cascades along the supply chain. Moreover, the DT alignment is stronger when focal firms face greater monitoring from “digital enthusiast” analysts and stronger digital transformation pressure from their industry peers. Additionally, long-term partners, firms from industries with advanced DT, and those centrally positioned within the supply chain network create a stronger ripple along the supply chain.
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
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
