This
paper
examines
how
informal
institutions
impact
enterprise
digital
transformation.
The
results
indicate
that
regional
gambling
culture
can
impede
transformation
due
to
speculative
psychology.
Heterogeneity
analysis
reveals
has
a
more
significant
negative
on
for
non-state-owned
and
higher
managerial
short-sight
enterprises,
industries
with
low
capital
density
competition,
as
well
provinces
industrialization
product
market
development.
mechanistic
demonstrates
negatively
affects
innovation
investment
talent
cultivation,
atmosphere,
policy
guidance.
findings
of
the
study
help
further
understand
corporate
behavior,
provide
certain
references
business
decision-making
regulators
guide
healthy
development
industry.
International Journal of Emerging Markets,
Год журнала:
2024,
Номер
unknown
Опубликована: Дек. 24, 2024
Purpose
This
study
investigates
the
role
of
interlocking
director
networks
(IDN)
in
driving
corporate
digital
transformation
(CDT)
and
explores
moderating
agency
costs,
diversification
financial
distress.
Design/methodology/approach
The
analysis
uses
data
from
Chinese
A-share
listed
companies
on
Shanghai
Shenzhen
stock
exchanges
2006
to
2021.
A
two-way
fixed-effects
model
is
employed
assess
impact
IDNs
CDT.
Findings
results
indicate
that
positively
affect
Furthermore,
this
effect
enhanced
by
costs
distress,
while
acts
as
a
negative
moderator.
Originality/value
Informal
institutions
such
play
significant
governance
China’s
relational
society.
focuses
influence
informal
transformation,
expanding
understanding
economic
consequences
enriching
literature
factors
influencing
transformation.
This
paper
examines
how
informal
institutions
impact
enterprise
digital
transformation.
The
results
indicate
that
regional
gambling
culture
can
impede
transformation
due
to
speculative
psychology.
Heterogeneity
analysis
reveals
has
a
more
significant
negative
on
for
non-state-owned
and
higher
managerial
short-sight
enterprises,
industries
with
low
capital
density
competition,
as
well
provinces
industrialization
product
market
development.
mechanistic
demonstrates
negatively
affects
innovation
investment
talent
cultivation,
atmosphere,
policy
guidance.
findings
of
the
study
help
further
understand
corporate
behavior,
provide
certain
references
business
decision-making
regulators
guide
healthy
development
industry.
