{"title":"Manufacturing enterprise digital transformation, manager cognition, and strategic Risk-Taking—Evidence from China","authors":"Zhongsheng Zhou , Jingyao Zhang , Chao He","doi":"10.1016/j.iref.2025.103906","DOIUrl":null,"url":null,"abstract":"<div><div>Exploring how Chinese manufacturing companies integrate digital technology to transform, upgrade, and enhance strategic risk management is essential in the digital economy age. Our study reveals that the performance expectation gap (both the historical performance expectation gap and the industry performance expectation gap) serves as a critical pathway through which digital transformation negatively influences strategic risk-taking. Furthermore, the study highlights that managers’ digital cognition can moderate the inverse relationship between digital transformation and strategic risk-taking. This moderating effect is particularly significant in companies with a concentrated R&D organizational structure, high levels of resilience, and more educated and higher R&D human resources. This study advances the research on strategic risk-taking and offers guidance for decision-making related to enterprise digital transformation and strategic risk management, thereby providing theoretical and practical value.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"98 ","pages":"Article 103906"},"PeriodicalIF":4.8000,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Economics & Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1059056025000693","RegionNum":2,"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
Exploring how Chinese manufacturing companies integrate digital technology to transform, upgrade, and enhance strategic risk management is essential in the digital economy age. Our study reveals that the performance expectation gap (both the historical performance expectation gap and the industry performance expectation gap) serves as a critical pathway through which digital transformation negatively influences strategic risk-taking. Furthermore, the study highlights that managers’ digital cognition can moderate the inverse relationship between digital transformation and strategic risk-taking. This moderating effect is particularly significant in companies with a concentrated R&D organizational structure, high levels of resilience, and more educated and higher R&D human resources. This study advances the research on strategic risk-taking and offers guidance for decision-making related to enterprise digital transformation and strategic risk management, thereby providing theoretical and practical value.
期刊介绍:
The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.