Exploring the synergistic effect of CEO power and technological expertise in driving corporate digital transformation

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2025-02-01 DOI:10.1016/j.irfa.2025.103918

Bingquan He , Lu Gan

{"title":"Exploring the synergistic effect of CEO power and technological expertise in driving corporate digital transformation","authors":"Bingquan He , Lu Gan","doi":"10.1016/j.irfa.2025.103918","DOIUrl":null,"url":null,"abstract":"<div><div>Drawing upon a dataset encompassing non-financial listed firms in China spanning the years 2011 to 2022, this research delves into the influence exerted by CEO authority and technical background on the process of corporate digital transformation. Our findings suggest that an elevation in CEO power positively contributes to the advancement of corporate digital transformation. Furthermore, a discernible positive association exists between a CEO's technical background and the extent of corporate digital transformation. The analysis also uncovers that firm size acts as a moderator in the relationship linking CEO power to corporate digital transformation. Through mechanism exploration, we reveal that Research and Development (R&D) investment serves as a crucial mediator in this relationship. Additionally, an examination of heterogeneity highlights notable disparities in the impact of CEO power on digital transformation when comparing high-tech <em>versus</em> non-high-tech sectors. This study presents empirical insights elucidating the pivotal role of CEOs in driving corporate digital transformation and carries substantial implications for refining corporate governance frameworks and accelerating digital transformation efforts.</div></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":"98 ","pages":"Article 103918"},"PeriodicalIF":7.5000,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Financial Analysis","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1057521925000055","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

Abstract

Drawing upon a dataset encompassing non-financial listed firms in China spanning the years 2011 to 2022, this research delves into the influence exerted by CEO authority and technical background on the process of corporate digital transformation. Our findings suggest that an elevation in CEO power positively contributes to the advancement of corporate digital transformation. Furthermore, a discernible positive association exists between a CEO's technical background and the extent of corporate digital transformation. The analysis also uncovers that firm size acts as a moderator in the relationship linking CEO power to corporate digital transformation. Through mechanism exploration, we reveal that Research and Development (R&D) investment serves as a crucial mediator in this relationship. Additionally, an examination of heterogeneity highlights notable disparities in the impact of CEO power on digital transformation when comparing high-tech versus non-high-tech sectors. This study presents empirical insights elucidating the pivotal role of CEOs in driving corporate digital transformation and carries substantial implications for refining corporate governance frameworks and accelerating digital transformation efforts.

查看原文本刊更多论文

求助全文

约1分钟内获得全文求助全文

来源期刊

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.