Luo Feifei, Tang Chia-Hsien
Economics and Management Department, Guangxi Minzu Normal University, Chongzuo, Guangxi, China.
PLoS One. 2024 Dec 5;19(12):e0314688. doi: 10.1371/journal.pone.0314688. eCollection 2024.
This study investigates the impact of environmental uncertainty on the digital transformation of Chinese A-share listed companies from 2013 to 2022. Our empirical analysis reveals that environmental uncertainty negatively affects digital transformation by inducing managerial myopia, hindering research and development (R&D) investment, and exacerbating financial constraints. However, these negative effects can be mitigated by increasing management shareholding, which aligns managers' interests with long-term goals, providing digital transformation subsidies to lower financial barriers, and fostering a favorable legal environment to protect digital investments and innovation. These findings offer valuable insights for understanding how environmental uncertainty influences digital transformation strategies and provide practical implications for enterprises and policymakers in dynamic business environments.
本研究考察了2013年至2022年环境不确定性对中国A股上市公司数字转型的影响。我们的实证分析表明，环境不确定性通过引发管理层短视、阻碍研发投资和加剧财务约束，对数字转型产生负面影响。然而，这些负面影响可以通过增加管理层持股来缓解，这使管理者的利益与长期目标保持一致；提供数字转型补贴以降低财务障碍；营造有利的法律环境以保护数字投资和创新。这些发现为理解环境不确定性如何影响数字转型战略提供了有价值的见解，并为动态商业环境中的企业和政策制定者提供了实际启示。
