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How does digital transformation enhance industrial chain resilience? Evidence from China

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  • Sun, Kaili
  • Wang, Haohan
  • Ye, Shengchao

Abstract

Digital transformation presents a crucial opportunity to strengthen industrial chain resilience in the shifting global economic and political landscape. This paper constructs a micro evaluation index system for industrial chain resilience, takes China's A-share manufacturing listed companies from 2015 to 2022 as research samples, and empirically analyzes the impact and mechanism of digital transformation on industrial chain resilience. The key findings are as follows: digital transformation significantly enhances industrial chain resilience. Digital transformation fosters diversification in upstream cooperation and drives substantive innovation, thereby strengthening industrial chain resilience. The effects are more pronounced in technology-intensive industries and state-owned enterprises. The insights from this paper provide valuable references for seizing digital opportunities and enhancing economic security.

Suggested Citation

  • Sun, Kaili & Wang, Haohan & Ye, Shengchao, 2025. "How does digital transformation enhance industrial chain resilience? Evidence from China," Finance Research Letters, Elsevier, vol. 75(C).
    • Handle: RePEc:eee:finlet:v:75:y:2025:i:c:s1544612325001606
    DOI: 10.1016/j.frl.2025.106896
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    References listed on IDEAS

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    Cited by:

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    3. Qin, Teng & Qin, Chuan & Wang, Jiaxin & Xing, Haiyan, 2025. "Can the digital economy enhance enterprises' breakthrough innovation?," International Review of Financial Analysis, Elsevier, vol. 104(PA).
    4. Wu, Tong & Du, Jianguo, 2025. "Digital economy policy, supply chain finance, and enterprise innovation resilience: a quasi-natural experiment based on pilot innovative industry clusters," Finance Research Letters, Elsevier, vol. 85(PD).
    5. Yan Zhang & Jiao Zhang & Yang Lu & Feng Ji, 2025. "Digitalization and Firm Value: The Evidence from China’s Manufacturing Enterprises," Sustainability, MDPI, vol. 17(6), pages 1-22, March.
    6. Jin, Deqing & Dongwen, Yu & Xiaofei, Guo, 2025. "Financial expertise vs. AI momentum: Why CFOs temper cross-border deals," Finance Research Letters, Elsevier, vol. 86(PB).
    7. Chen, Xiaofei & Li, Qing, 2025. "Digital finance penetration, new media-driven development, and enhancement of industrial chain resilience," Finance Research Letters, Elsevier, vol. 85(PD).
    8. Zhu, Tianqi & Zhu, Tiancheng & Zhao, Lu, 2025. "The impact of new quality productive forces on the resilience of industrial chains: The moderating role of digital finance," International Review of Economics & Finance, Elsevier, vol. 102(C).
    9. Tan, Bing & Zhao, Ning, 2025. "Does intelligent manufacturing enhance industrial international competitiveness? Evidence from china," Finance Research Letters, Elsevier, vol. 85(PC).

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    Keywords

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    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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