Institutional environment and firms' market value: an uncertainty reduction perspective

IF 3.9 3区管理学 Q2 BUSINESS

Journal of Engineering and Technology Management Pub Date : 2025-04-01 DOI:10.1016/j.jengtecman.2025.101882

Minghuan Shou , Haibao Chen , Zhengyuan Huang

引用次数: 0

Abstract

While the institutional environment is recognized as pivotal in encouraging firms to undertake digital initiatives and enhance their market value, the presence of uncertainties related to digital technologies presents significant challenges. Surprisingly, there has been limited exploration into how firms' technological uncertainties influence the link between the institutional environment and firms' market value, as well as strategies to mitigate these effects. Hence, this paper employs institutional theory to comprehend the impact of the institutional environment on firms' market value. It also delves into the moderating role of technological uncertainties in this relationship and proposes strategies to alleviate their negative effects.

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制度环境与企业市场价值：一个减少不确定性的视角

虽然制度环境被认为是鼓励企业采取数字化举措并提高其市场价值的关键，但与数字技术相关的不确定性的存在带来了重大挑战。令人惊讶的是，对于企业的技术不确定性如何影响制度环境与企业市场价值之间的联系，以及缓解这些影响的策略的探索有限。因此，本文运用制度理论来理解制度环境对企业市场价值的影响。本文还探讨了技术不确定性在这种关系中的调节作用，并提出了缓解其负面影响的策略。

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

Journal of Engineering and Technology Management 管理科学-工程：工业

CiteScore

8.00

自引率

6.20%

发文量

审稿时长

>12 weeks

期刊介绍： The Journal of Engineering and Technology Management (JET-M) is an international scholarly refereed research journal which aims to promote the theory and practice of technology, innovation, and engineering management. The journal links engineering, science, and management disciplines. It addresses the issues involved in the planning, development, and implementation of technological capabilities to shape and accomplish the strategic and operational objectives of an organization. It covers not only R&D management, but also the entire spectrum of managerial concerns in technology-based organizations. This includes issues relating to new product development, human resource management, innovation process management, project management, technological fusion, marketing, technological forecasting and strategic planning. The journal provides an interface between technology and other corporate functions, such as R&D, marketing, manufacturing and administration. Its ultimate goal is to make a profound contribution to theory development, research and practice by serving as a leading forum for the publication of scholarly research on all aspects of technology, innovation, and engineering management.