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数字化转型的创新驱动悖论与企业可持续增长研究

Research on the Innovation-Driven Paradox of Digital Transformation and Corporate Sustainable Growth
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摘要 数字化转型是企业可持续发展的重要引擎,创新是必要条件,核心是人的转型,高管的数字化领导力是影响数字化转型效果的影响因素。以2010—2023年A股上市公司为样本,基于动态能力理论、资源编排理论构建“数字化转型—企业创新—可持续增长”逻辑链,系统阐释数字化转型驱动企业可持续增长的内在机制,兼论高阶梯队理论下高管IT背景的调节作用。研究发现:数字化转型与企业可持续增长之间存在显著的倒“U”型关系。适度数字化能提升企业可持续增长率,过度数字化会抑制企业可持续增长,呈现出“过犹不及”效应。创新水平在数字化转型影响企业可持续增长过程中扮演中介角色,高管IT背景可以削弱过度数字化转型对企业可持续增长的负向影响。文章可为企业规避“数字化转型悖论”、进行“适度数字化转型”提供实践启示。 Digital transformation serves as a critical engine for corporate sustainable development,with innovation acting as an essential prerequisite.At the heart of this process lies the transformation of human capital,where the digital leadership of top executives functions as a key factor influencing the effectiveness of digital transformation.Using a sample of A-share listed companies from 2010 to 2023,this paper constructs a“digital transformation-corporate innovation-sustainable growth”logical chain based on dynamic capability theory and resource orchestration theory.It systematically elucidates the internal mechanism through which digital transformation drives corporate sustainable growth,while also examining the moderating role of executives’IT background from the perspective of upper echelons theory.The results show that:the digital transformation has an“too much of a good thing”effect on corporate sustainable growth rate,and there is a significant inverted U-shaped relationship between them;the corporate innovation level plays an intermediary role in the process of digital transformation’s effect on corporate sustainable growth rate.The IT background of corporate executives significantly moderates the inverse U-shaped relationship between digital transformation and corporate sustainable growth rate,mitigating the negative impact of excessive digital transformation on sustainable growth rate.This paper discusses the realization mechanism of digital transformation value,and the conclusions have important practical implications for corporate digital transformation decision.
作者 李晓月 陈建斌 姜鹏飞 LI Xiaoyue;CHEN Jianbin;JIANG Pengfei(School of Management,Beijing Union University,Beijing 100101,China)
出处 《管理学刊》 北大核心 2026年第1期123-137,I0013-I0016,共19页 Journal of Management
基金 北京市教委社科一般项目(SM202411417008) 北京市自然科学基金面上项目(9222012) 北京联合大学青年教师培育项目(ZK30202409) 北京联合大学教育科学研究课题(YK202402) 北京联合大学2025年度科研创新能力培育计划优秀青年教师资助项目(JSK30202506)。
关键词 数字化转型 企业可持续增长 创新水平 高管IT背景 digital transformation corporate sustainable growth innovation level IT background of corporate executive

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