{"title":"制度环境与企业市场价值:一个减少不确定性的视角","authors":"Minghuan Shou , Haibao Chen , Zhengyuan Huang","doi":"10.1016/j.jengtecman.2025.101882","DOIUrl":null,"url":null,"abstract":"<div><div>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.</div></div>","PeriodicalId":50209,"journal":{"name":"Journal of Engineering and Technology Management","volume":"76 ","pages":"Article 101882"},"PeriodicalIF":3.9000,"publicationDate":"2025-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Institutional environment and firms' market value: an uncertainty reduction perspective\",\"authors\":\"Minghuan Shou , Haibao Chen , Zhengyuan Huang\",\"doi\":\"10.1016/j.jengtecman.2025.101882\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>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.</div></div>\",\"PeriodicalId\":50209,\"journal\":{\"name\":\"Journal of Engineering and Technology Management\",\"volume\":\"76 \",\"pages\":\"Article 101882\"},\"PeriodicalIF\":3.9000,\"publicationDate\":\"2025-04-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Engineering and Technology Management\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0923474825000232\",\"RegionNum\":3,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"BUSINESS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Engineering and Technology Management","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0923474825000232","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
Institutional environment and firms' market value: an uncertainty reduction perspective
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.
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.