Digital transformation serves as a critical catalyst for innovation, enabling enterprises to enhance their adaptability and competitiveness in the digital economy. This study investigates the impact of corporate digital transformation on innovation vitality using a dataset of Chinese A-share listed companies from 2007 to 2020. Specifically, it examines how digital transformation influences both substantive and symbolic innovation vitality while considering the moderating role of environmental policy uncertainty. The findings demonstrate that digital transformation significantly enhances innovation vitality, exerting a stronger influence on substantive innovation than symbolic innovation. Substantive innovation, characterized by advancements in core technologies and products, benefits from the integration of digital technologies such as big data, artificial intelligence, and blockchain into enterprise operations. Symbolic innovation, which focuses on improving brand image and market position, is also positively impacted, albeit to a lesser extent. Environmental policy uncertainty further amplifies the effects of digital transformation, creating opportunities for enterprises to leverage digital tools in navigating dynamic regulatory environments. Under high levels of uncertainty, digital transformation enhances substantive innovation by fostering organizational resilience and optimizing resource allocation. Conversely, the same uncertainty weakens its influence on symbolic innovation, as firms prioritize tangible outcomes to mitigate risks. These dynamic highlights the nuanced interplay between digital capabilities and policy environments, underscoring the adaptability required for sustained innovation. This study contributes to the theoretical understanding of how digital transformation interacts with environmental uncertainties to influence innovation vitality. It underscores the dual pathways substantive and symbolic through which digital transformation drives enterprise competitiveness. Additionally, the findings offer practical implications for managers and policymakers by emphasizing the importance of cultivating digital capabilities and aligning them with strategic objectives to optimize both types of innovation. By addressing the role of environmental policy uncertainty, this research provides valuable insights for developing effective digital transformation strategies, particularly in uncertain and volatile contexts, thereby supporting enterprises in achieving sustainable growth.
목차
Abstract 1. Introduction 2. Literature review 2.1 Research on enterprise innovation’s influencing factors 2.2 Research on digital transformation’s impact on enterprise innovation 3. Theoretical analysis and research hypotheses 3.1 Digital transformation and enterprise innovation vitality 3.2 Analysis of the moderating effect of policy uncertainty 4. Model construction and variable descriptions 4.1. Estimated model 4.2. Variable descriptions 4.3. Data sources and processing 5. The impact of enterprise digital transformation on innovation vitality 5.1. Baseline regression results 5.2. Robustness tests 5.3. The moderating effects of policy uncertainty 6. Discussion 7. Conclusion References
키워드
digital transformationcorporate innovation dynamismenvironmental uncertaintymoderating effectChinese listed companies
저자
Hu, Liling [ College of Business Administration, Kookmin University, Korea ]
Lee, Gukseong [ College of Business Administration, Kookmin University, Korea ]
Corresponding Author
부산대학교 중국전략연구소(구 부산대학교 중국연구소) [Institute of China Strategy]
설립연도
2006
분야
사회과학>사회복지학
소개
본 연구소의 설립을 통해 우선 한중 양국 국민의 상호이해와 교류증진을 위한 인문, 사회과학적인 연구는 물론이고, 이를 통해 기업(인)이 중국에 안정적인 정착과 교류를 할 수 있는 각종 환경을 조성하고자 한다.
게다가 본 연구소는 기존의 연구소의 기능과는 달리 단순한 학술 교류에 머물지 않고 인적 교류를 통해 양국관계의 이해를 증진하고 나아가 한국과 중국의 각종 프로젝트를 적극 유치, 개발함으로써 지속적으로 재원의 창출을 도모하고자 한다.