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A Study on the Impact of Resources in Small and Medium Sized Industrial Enterprises on Digital Transformation: The Moderating Effect of Board Member Age Diversity

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DOI: 10.23977/ferm.2024.070124 | Downloads: 7 | Views: 119

Author(s)

Qian Ren 1

Affiliation(s)

1 School of Economics and Management, Guangxi Normal University, Guilin, Guangxi, China

Corresponding Author

Qian Ren

ABSTRACT

With the wave of a new round of technological and industrial revolution sweeping through, especially the widespread application of new generation information technologies such as big data, artificial intelligence, blockchain, and cloud computing, digitalization has become an important engine leading global economic and social change and promoting high-quality development of China's economy. This article examines the impact of enterprise resources in small and medium-sized industries on digital transformation through a resource-based perspective. According to the classification of enterprise resources, this article assumes that intangible assets and capabilities in enterprise resources have a positive impact on digital transformation; Tangible assets have a restraining effect on digital transformation. This study also assumes that board age diversity negatively moderates the relationship between political affiliation and digital transformation, positively moderates the relationship between profitability and digital transformation, and has a suppressive effect on the negative relationship between fixed assets and digital transformation. The sample of small and medium-sized industrial enterprises from 2004 to 2018 provided empirical scenarios for this study and supported the hypothesis of this study. This study not only contributes to the research literature on digital transformation in enterprises, providing new insights into the boundary conditions of how enterprise resources affect digital transformation, but also has important management implications for how enterprises manage resources to promote digital transformation.

KEYWORDS

Enterprise resources; Age diversity of the board of directors; Digital transformation; Resource based view

CITE THIS PAPER

Qian Ren, A Study on the Impact of Resources in Small and Medium Sized Industrial Enterprises on Digital Transformation: The Moderating Effect of Board Member Age Diversity. Financial Engineering and Risk Management (2024) Vol. 7: 161-171. DOI: http://dx.doi.org/10.23977/ferm.2024.070124.

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