Digital transformation, dynamic capabilities, and aggressive corporate strategy

Abstract

This article explores the intrinsic relationship between the process of digital transformation, the construction of dynamic capabilities, and the tendency for strategic aggressiveness in non-financial listed companies in China based on empirical data from 2010 to 2023. The research confirms that digital transformation and dynamic capabilities significantly promote strategic aggressiveness in enterprises. Dynamic capabilities serve as a mediating factor in the relationship between digital transformation and corporate strategic aggressiveness. Heterogeneity analysis reveals significant differences in the impact of digital transformation and dynamic capabilities on strategic aggressiveness between state-owned enterprises (SOEs) and private enterprises (PEs). Furthermore, the effect of digital transformation on strategic aggressiveness shows notable heterogeneity between firms with high and low levels of chairman shareholding.