Is faster really better? The impact of digital transformation speed on firm financial distress: Based on the cost-benefit perspective

被引：4

作者：

Sun, Bing ^{[1
]}

Zhang, Yanfeng ^{[1
]}

Zhu, Kunyan ^{[2
]}

Mao, Hongying ^{[1
]}

Liang, Tian ^{[3
]}

机构：

[1] Harbin Engn Univ, Sch Econ & Management, 145 Nantong St, Harbin 150001, Heilongjiang, Peoples R China

[2] Macau Univ Sci & Technol, Inst Sustainable Dev, Macau 999078, Peoples R China

[3] Harbin Engn Univ, Sch Foreign Studies, Harbin 150001, Heilongjiang, Peoples R China

来源：

JOURNAL OF BUSINESS RESEARCH | 2024年 / 179卷

基金：

中国国家自然科学基金;

关键词：

Digital transformation speed; Firm financial distress; Cost-benefit perspective; CEO IT background; CEO power; CEO POWER; PERFORMANCE; PREDICTION; MANAGEMENT; OFFICERS; RATIOS; RHYTHM;

D O I：

10.1016/j.jbusres.2024.114703

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Based on the cost - benefit perspective, this study theoretically analyzes and empirically examines the influence of digital transformation speed on firm financial distress. We find that digital transformation speed has a U-shaped relationship with firm financial distress. In addition, after considering the moderating effect of CEO IT background, we find that not only does the effect of digital transformation speed on firm financial distress but, more importantly, their relationship also undergoes a shape-flip from the original U-shape to an inverted U-shape. Finally, we find that CEO power weakens the moderating effect of CEO IT background on the relationship between digital transformation speed and firm financial distress. Our research not only helps to advance theoretical and empirical research on digital transformation but also provides important empirical insights for understanding the economic consequences of accelerating digital transformation, which can be beneficial for digital transformation firms ' managers, investors, and other stakeholders.

引用

页数：13

共 87 条

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