Political conformity and digital transformation: Evidence from China

IF 7.9 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy Pub Date : 2024-11-13 DOI:10.1016/j.eap.2024.11.014

Haiyan Yang , Linlin Chen , Yuyu Zhang

引用次数: 0

Abstract

This study investigates the influence of political conformity on digital transformation in Chinese family businesses from 2011 to 2020. We find that political conformity significantly boosts digital transformation by strengthening strategic leadership, technology focus, and organizational capabilities. It also fosters risk-taking, reduces agency costs, and eases financial constraints. The impact is more pronounced in situations in contexts with high economic policy uncertainty, when executives have limited IT knowledge, family members hold positions in the party committee, and the firm is geographically proximate to the political center, Beijing. Additionally, aligning political conformity with technology strategies not only advances digital transformation but also enhances the businesses' Environmental, Social, and Governance (ESG) profile and firm value.

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政治服从与数字化转型：来自中国的证据

本研究探讨了政治顺应性对 2011-2020 年中国家族企业数字化转型的影响。我们发现，政治顺应通过加强战略领导力、技术聚焦和组织能力，极大地促进了数字化转型。同时，它还能促进风险承担，降低代理成本，缓解财务约束。在经济政策不确定性较高、高管人员信息技术知识有限、家庭成员在党委中任职、企业地理位置靠近政治中心北京的情况下，这种影响更为明显。此外，使政治与技术战略保持一致不仅能推进数字化转型，还能提升企业的环境、社会和治理（ESG）形象和企业价值。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economic Analysis and Policy ECONOMICS-

CiteScore

9.80

自引率

9.20%

发文量

231

审稿时长

93 days

期刊介绍： Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion.