数据驱动动态能力对中国制造企业可持续发展绩效的影响研究

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-10-03 DOI:10.1016/j.frl.2025.108628

Min Lin, Fanfan Wang, Yuxin Zhang

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引用次数: 0

摘要

在高质量发展的背景下，数字化转型对中国制造企业来说至关重要。本研究探讨了数据驱动的动态能力（DDDC）——包括数据感知、数据捕获和数字化转型——如何影响企业的可持续发展绩效。本文采用2012-2022年中国20357家上市制造商的面板数据，采用回归、中介和异质性分析。结果表明，三个DDDC维度都显著提高了可持续绩效，主要是通过增强创新能力。这种影响在非国有企业和技术密集型企业中尤为明显。在理论上，通过揭示数据驱动创新和竞争力的微观机制，进一步推进了动态能力理论。实际上，它为将以数据为中心的战略融入数字化转型以促进可持续增长提供了指导。

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Research on the impact of data-driven dynamic capabilities on the sustainable development performance of chinese manufacturing enterprises

In the context of high-quality development, digital transformation has become vital for Chinese manufacturing enterprises. This study examines how data-driven dynamic capabilities (DDDC)—comprising data sensing, data capturing, and digital transformation—affect firms’ sustainable development performance. Using panel data from 20,357 listed Chinese manufacturers (2012–2022), this paper employs regression, mediation, and heterogeneity analyses. Results show that all three DDDC dimensions significantly improve sustainable performance, primarily through enhanced innovation capability. The effects are especially pronounced in non-state-owned and technology-intensive firms. Theoretically, the study advances dynamic capabilities theory by uncovering the micro-mechanisms through which data drives innovation and competitiveness. Practically, it provides guidance for integrating data-centric strategies into digital transformation to foster sustainable growth.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance