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Research on antecedent configurations of enterprise digital transformation and enterprise performance from the perspective of dynamic capability

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  • Wang, Ye
  • Jiang, Zongzheng
  • Li, Xiao
  • Chen, Yang
  • Cui, Xiao
  • Wang, Shipeng

Abstract

Based on the dynamic capability theory, this paper integrates the fsQCA and PSM methods to examine the antecedent configuration and subsequent performance of the digital transformation of Chinese listed manufacturing enterprises. The study shows that the following three configurations can lead to high-maturity digital transformation: efficient innovation, robust adaptation, and forward-looking innovation. At the same time, different configurations have different effects on enterprise performance. For instance, “efficient innovation” and “robust adaptation” can significantly improve the financial performance of enterprises but have no significant effect on market performance. While on the other hand, “forward-looking innovation” can negatively affect the market performance of enterprises but has no significant effect on the financial performance.

Suggested Citation

  • Wang, Ye & Jiang, Zongzheng & Li, Xiao & Chen, Yang & Cui, Xiao & Wang, Shipeng, 2023. "Research on antecedent configurations of enterprise digital transformation and enterprise performance from the perspective of dynamic capability," Finance Research Letters, Elsevier, vol. 57(C).
    • Handle: RePEc:eee:finlet:v:57:y:2023:i:c:s1544612323005421
    DOI: 10.1016/j.frl.2023.104170
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    References listed on IDEAS

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    1. Mikalef, Patrick & Pateli, Adamantia, 2017. "Information technology-enabled dynamic capabilities and their indirect effect on competitive performance: Findings from PLS-SEM and fsQCA," Journal of Business Research, Elsevier, vol. 70(C), pages 1-16.
    2. Bianchini, Stefano & Llerena, Patrick & Martino, Roberto, 2019. "The impact of R&D subsidies under different institutional frameworks," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 65-78.
    3. Michael G. Jacobides & Carmelo Cennamo & Annabelle Gawer, 2018. "Towards a theory of ecosystems," Strategic Management Journal, Wiley Blackwell, vol. 39(8), pages 2255-2276, August.
    4. Pappas, Ilias O. & Woodside, Arch G., 2021. "Fuzzy-set Qualitative Comparative Analysis (fsQCA): Guidelines for research practice in Information Systems and marketing," International Journal of Information Management, Elsevier, vol. 58(C).
    5. Yan Zhang & Nandini Rajagopalan, 2010. "Once an outsider, always an outsider? CEO origin, strategic change, and firm performance," Strategic Management Journal, Wiley Blackwell, vol. 31(3), pages 334-346, March.
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    Cited by:

    1. Xiu Jie Deng & Man Qing Yuan & Cai Yi Luo, 2024. "Corporate digital transformation, market competition, and the environmental performance—Microevidence from Chinese manufacturing," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3279-3298, May.
    2. Yang, Jinglan & Liu, Jianghuai & Yao, Zheng & Ma, Chaoqun, 2024. "Measuring digitalization capabilities using machine learning," Research in International Business and Finance, Elsevier, vol. 70(PB).
    3. Sun, Yumeng, 2024. "Digital transformation and corporates' green technology innovation performance–The mediating role of knowledge sharing," Finance Research Letters, Elsevier, vol. 62(PA).

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