Mitigating Financial Distress by Engaging in Digital Transformation: The Moderating Role of Life Cycles DOI Creative Commons
Jianbo Zhang, Yaoyi Yu, Zhen Wei

и другие.

Systems, Год журнала: 2024, Номер 12(12), С. 513 - 513

Опубликована: Ноя. 21, 2024

Financial distress is detrimental to both companies and the development of economic society. The emergence digital transformation provides a potentially prominent pathway for address financial distress. Drawing on dynamic capability view, this study explored effects firms’ how relationship may be contingent life cycle. Our hypotheses were empirically examined using large panel dataset Chinese-listed manufacturing firms applied hierarchical linear model with multiple high-dimensional fixed effects. results indicate that significantly alleviates Moreover, cycle has moderating effect relationship. Specifically, mitigating stronger during growth stage but weaker declining stage. Finally, findings provide important theoretical contributions literature corporate finance offer managers valuable practical implications mitigate

Язык: Английский

The intersection of digital transformation and environmental responsibility in traditional manufacturing enterprises amid new productive forces DOI
Meng Lin,

Zhang Zhong-he,

Muhammad Arif

и другие.

Journal of Cleaner Production, Год журнала: 2025, Номер unknown, С. 145426 - 145426

Опубликована: Апрель 1, 2025

Язык: Английский

Процитировано

1

Revisiting the Relationship Between CEO Characteristics and Firm Internationalization: Evidence From a Machine Learning Approach DOI Open Access
Cong Cheng, Ya‐Wen Lin, Jian Dai

и другие.

Managerial and Decision Economics, Год журнала: 2025, Номер unknown

Опубликована: Фев. 11, 2025

ABSTRACT This study leverages machine learning (ML) techniques to assess the impact of CEO characteristics on international performance firms. Analyzing data from Chinese listed companies between 2008 and 2021, this evaluates 14 ML algorithms identifies random forest model as most effective. Additionally, SHapley Additive exPlanations (SHAP) algorithm is employed for result interpretation visualization. The findings indicate that traits can predict a firm's success. Notably, experience, age, duality emerge top predictors. Specifically, both experience positively influence performance, while CEO's age exhibits complex, non‐linear relationship with performance. provides nuanced perspective how

Язык: Английский

Процитировано

0

From Shock to Adaptation: Evaluating the Mechanisms of Trade Friction on Firms’ Total Factor Productivity Through the Lens of Digital Transformation DOI Creative Commons
Xuanyi Zhang, Xindong Zhang

Systems, Год журнала: 2024, Номер 12(11), С. 471 - 471

Опубликована: Ноя. 4, 2024

Against the backdrop of frequent global trade conflicts and accelerated competition in digital economy, we investigated how friction shocks affect firms’ total factor productivity (TFP), with a focus on role transformation. We employed statistical analysis method based multi-period difference-in-differences model anti-dumping countervailing measures as quasi-natural experiments to analyze firm-level panel data for Chinese exporters from 2003 2016. The results indicate that frictions compel export firms enhance their TFP, while transformation further promotes this growth. This main conclusion still holds after series tests such parallel trend checks, placebo tests, variations primary variables. mechanism shows that, response shocks, aiming boost have strategically reallocated internal resources by increasing exports alternative products expanding into overseas markets rather than solely relying innovation. Additionally, mitigates negative effects firm innovation facilitates faster resource reallocation during challenges. heterogeneity reveals proves more beneficial are multi-product, non-state-owned, engaged general trade, operating highly competitive industries. paper contributes understanding at micro level, offering valuable insights strategies navigating these

Язык: Английский

Процитировано

3

Implementing intelligent manufacturing policies to increase the total factor productivity in manufacturing: Transmission mechanisms through construction of industrial chains DOI
Yang Liu,

Yuxiao Zuo

International Journal of Production Economics, Год журнала: 2024, Номер 279, С. 109468 - 109468

Опубликована: Ноя. 10, 2024

Язык: Английский

Процитировано

3

Advancing Firm-Level Digital Technology Diffusion: A Hybrid Bibliometric and Framework-Based Systematic Literature Review DOI Creative Commons
Qingyue Shi, Shen Lei

Systems, Год журнала: 2025, Номер 13(4), С. 262 - 262

Опубликована: Апрель 8, 2025

The rapid proliferation of digital technologies across industries has created significant opportunities for enterprises, yet a comprehensive and integrated review technology diffusion (DTD) at the firm level remains underexplored. This study addresses this gap by systematically analyzing 87 research articles published between 1993 June 2024 in top-tier management business journals (ranked A* or A ABDC-JQL 2022), sourced from Web Science database. Employing hybrid methodology that combines bibliometric framework-based reviews, provides overview existing on firm-level DTD. By leveraging established theories, contexts, methods, antecedents, decisions, outcomes (TCM-ADO) framework, we consolidate fragmented insights propose future directions. pioneers application TCM-ADO framework to DTD, offering novel taxonomy advances theoretical development.

Язык: Английский

Процитировано

0

Does regional culture of integrity impact corporate total factor productivity? Evidence from China DOI
Yejin Liu, Jinjing Lu,

Chunhua Luo

и другие.

Managerial and Decision Economics, Год журнала: 2024, Номер 45(8), С. 5399 - 5414

Опубликована: Июль 24, 2024

Abstract This study examined Chinese A‐share listed companies in Shanghai and Shenzhen from 2016 to 2020 explore the relationship between regional culture of integrity (COI) enterprise total factor productivity (TFP) internal mechanism COI on TFP. The findings showed that is conducive promotion test revealed optimizing business environment, promoting corporate technological innovation, reducing transaction costs are three essential mechanisms. Further, results indicated enhancement effect TFP more significant non‐SOEs enterprises with high financing constraints.

Язык: Английский

Процитировано

2

Can industrial robot utilization drive the total factor productivity of enterprises? DOI

Tianru Qin,

Lin Liang, Liang Peng

и другие.

Managerial and Decision Economics, Год журнала: 2024, Номер 46(1), С. 129 - 148

Опубликована: Авг. 19, 2024

Abstract This study presents a comprehensive investigation of the impact and mechanism industrial robot utilization on total factor productivity (TFP) using panel data from A‐share listed companies in China's manufacturing industry. Our findings reveal significant contribution robots to enhancing TFP microenterprises, with this influence persisting over time. Mechanism tests demonstrate that effectively reduces labor costs, mitigates financing constraints, enhances innovation capabilities, thereby improving enterprises' TFP. Additionally, heterogeneity analysis indicates more pronounced labor‐intensive, non‐high‐tech enterprises, as well enterprises operating highly competitive markets. deepens our understanding TFP, which broadens scope field. has practical implications for transforming traditional factors, integrating new technologies, facilitating digital intelligent transformations emerging economies.

Язык: Английский

Процитировано

1

Data-driven solutions: Uncovering the hidden potential of big data technologies in in building low-carbon cities DOI
Zihao Lin

Computers & Industrial Engineering, Год журнала: 2024, Номер 197, С. 110543 - 110543

Опубликована: Сен. 6, 2024

Язык: Английский

Процитировано

0

The hidden crowding out effect: How does local government implicit debt pressure influence enterprise productivity in China? DOI
Lei Wang, Chuncao Wang, Jiayi Chen

и другие.

Managerial and Decision Economics, Год журнала: 2024, Номер unknown

Опубликована: Сен. 14, 2024

Abstract To explore whether and how local government implicit debts pressure (LGIDP) affects the firm performance, this paper bases on 2012–2018 listed enterprise data financing vehicles (LGFVs) to empirically test impact of LGIDP total factor productivity (TFP) non‐local (N‐LGFVs). The results show that significantly reduced TFP N‐LGFVs by transferring fiscal resources, enhancing tax collection, credit resources. But distorting effect only exists in non‐state‐owned enterprises, small‐scale young enterprises. Our has an important policy recommendation regulating LGFVs alleviating are great significance for China achieve sustained economic growth.

Язык: Английский

Процитировано

0

Mitigating Financial Distress by Engaging in Digital Transformation: The Moderating Role of Life Cycles DOI Creative Commons
Jianbo Zhang, Yaoyi Yu, Zhen Wei

и другие.

Systems, Год журнала: 2024, Номер 12(12), С. 513 - 513

Опубликована: Ноя. 21, 2024

Financial distress is detrimental to both companies and the development of economic society. The emergence digital transformation provides a potentially prominent pathway for address financial distress. Drawing on dynamic capability view, this study explored effects firms’ how relationship may be contingent life cycle. Our hypotheses were empirically examined using large panel dataset Chinese-listed manufacturing firms applied hierarchical linear model with multiple high-dimensional fixed effects. results indicate that significantly alleviates Moreover, cycle has moderating effect relationship. Specifically, mitigating stronger during growth stage but weaker declining stage. Finally, findings provide important theoretical contributions literature corporate finance offer managers valuable practical implications mitigate

Язык: Английский

Процитировано

0