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Professions need professional talents: Executives with internet experience and digital transformation of manufacturing companies

Author

Listed:
  • Bai, Yang
  • Song, Yu
  • Cui, Shuangchang

Abstract

With the booming of digital transformation, traditional manufacturing companies are confronted by an increasing shortage of digital talents, leading to more Internet talents to join these companies. What impact does Internet talents have on the digital transformation? This paper finds that a higher proportion of Internet-experience talents in the executive team significantly boosts the digital transformation. This finding is robust after mitigating the endogeneity problem. Additionally, we find that executive power and tenure are two channels through which Internet talents facilitate digital transformation in manufacturing companies. Internet talents indirectly enhance digital transformation by boosting R&D.

Suggested Citation

  • Bai, Yang & Song, Yu & Cui, Shuangchang, 2024. "Professions need professional talents: Executives with internet experience and digital transformation of manufacturing companies," Finance Research Letters, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324012935
    DOI: 10.1016/j.frl.2024.106264
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    Keywords

    Digital transformation; Executives with internet experience; Traditional manufacturing companies; Executive power; Tenure;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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