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Stem CEOs and firm digitalization

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  • Kong, Dongmin
  • Liu, Boyang
  • Zhu, Ling

Abstract

The personal background of a CEO plays a central role in strategy implementation and business transformation. In this study, we examine the effect of a CEO's STEM (science, technology, engineering, and mathematics) qualifications on corporate digital transformation. Our findings suggest that firms led by CEOs with a STEM background perform better in digital transformation. A CEO possessing STEM degree are better able to discern the value of R&D investment and innovative output efficiency, which facilitates the process from technological innovation to achievements.

Suggested Citation

  • Kong, Dongmin & Liu, Boyang & Zhu, Ling, 2023. "Stem CEOs and firm digitalization," Finance Research Letters, Elsevier, vol. 58(PC).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323009455
    DOI: 10.1016/j.frl.2023.104573
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    References listed on IDEAS

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    2. Li, Jialin, 2025. "How digital marketing capabilities mitigate the impact of financing constraints on investment performance in industrial enterprises," Finance Research Letters, Elsevier, vol. 75(C).
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    4. Yi Luo & Rongda Cui & Jian Ma & Yukun Jin & Mengheng Li & Shu Lin, 2024. "Impact of CEO’s scientific research background on the enterprise digital level," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-16, December.
    5. Zhang, Li & Song, Xinwei, 2025. "Managerial overconfidence and corporate digital transformation," Finance Research Letters, Elsevier, vol. 75(C).

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