Lou Zaizhi, Zheng Wangxiongjie
School of Economics and Management, Shihezi University, XinJiang, 832099, China.
Shanghai University of Finance and Economics, Shanghai, 200000, China.
Heliyon. 2024 Aug 22;10(17):e36638. doi: 10.1016/j.heliyon.2024.e36638. eCollection 2024 Sep 15.
Digital transformationsw has become crucial for business to stay competitive in today's technology-driven world. Research shows CEOs' characteristics can influence firms' digital transformation, however, this work has not considered the role of CEO regulatory focus. In this paper, we build a framework to understand the relationship between CEO regulatory focus and firm's digital transformation. Build on regulatory focus theory, we argue that CEO promotion focus is positively associated with enterprise digital transformation, whereas CEO prevention focus is negatively associated with enterprise digital transformation. We further identify two contextual factors that moderating the relationship between CEO regulatory focus and digital transformation. Specifically, we find CEO power and economic policy uncertainty strengthen the relationship between CEO regulatory focus and enterprise digital transformation. We find strong support for our hypotheses in a sample of 2696 Chinese publicly listed firms between 2008 and 2023. Our findings have significant implications for understanding the role of CEO regulatory focus on digital transformation.
在当今技术驱动的世界中，数字化转型已成为企业保持竞争力的关键。研究表明，首席执行官（CEO）的特质会影响公司的数字化转型，然而，这项研究尚未考虑CEO的监管焦点的作用。在本文中，我们构建了一个框架来理解CEO监管焦点与公司数字化转型之间的关系。基于监管焦点理论，我们认为CEO的促进焦点与企业数字化转型呈正相关，而CEO的预防焦点与企业数字化转型呈负相关。我们进一步确定了两个调节CEO监管焦点与数字化转型之间关系的情境因素。具体而言，我们发现CEO权力和经济政策不确定性会加强CEO监管焦点与企业数字化转型之间的关系。在2008年至2023年期间的2696家中国上市公司样本中，我们的假设得到了有力支持。我们的研究结果对于理解CEO监管焦点在数字化转型中的作用具有重要意义。
