IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0305615.html
   My bibliography  Save this article

Digital transformation and enterprise resilience: Enabling or burdening?

Author

Listed:
  • Cheng Li
  • Yewen Wang

Abstract

Based on data from A-share listed companies from 2007 to 2021, this study constructs an enterprise resilience index using the entropy-weighted TOPSIS method. On this basis, the impact of digital transformation on enterprise resilience is examined through empowerment theory. The empirical results indicate that digital transformation significantly enhances enterprise resilience, a conclusion that remains valid after a series of robustness tests. Mechanism analysis reveals that digital transformation enhances enterprise resilience by reducing agency costs, increasing information transparency, and alleviating financing constraints. Heterogeneity analysis shows that micro-characteristics of enterprises, such as the stage of the life cycle and factor intensity, as well as macro-environmental factors like regional intellectual property rights protection and industry competition level, have differential impacts on the resilience-enhancing effects of digital transformation. Further analysis suggests that the level of corporate governance influences the positive impact of digital transformation on enterprise resilience.

Suggested Citation

  • Cheng Li & Yewen Wang, 2024. "Digital transformation and enterprise resilience: Enabling or burdening?," PLOS ONE, Public Library of Science, vol. 19(7), pages 1-23, July.
    • Handle: RePEc:plo:pone00:0305615
    DOI: 10.1371/journal.pone.0305615
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0305615
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0305615&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0305615?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Guo, Bingnan & Feng, Yu & Lin, Ji, 2023. "Digital inclusive finance and digital transformation of enterprises," Finance Research Letters, Elsevier, vol. 57(C).
    2. Rameshwar Dubey & Angappa Gunasekaran & Stephen J. Childe & Samuel Fosso Wamba & David Roubaud & Cyril Foropon, 2021. "Empirical investigation of data analytics capability and organizational flexibility as complements to supply chain resilience," International Journal of Production Research, Taylor & Francis Journals, vol. 59(1), pages 110-128, January.
    3. Scholz, Roland W. & Czichos, Reiner & Parycek, Peter & Lampoltshammer, Thomas J., 2020. "Organizational vulnerability of digital threats: A first validation of an assessment method," European Journal of Operational Research, Elsevier, vol. 282(2), pages 627-643.
    4. Guo, Bingnan & Hu, Peiji & Lin, Ji, 2024. "The effect of digital infrastructure development on enterprise green transformation," International Review of Financial Analysis, Elsevier, vol. 92(C).
    5. Amine Belhadi & Venkatesh Mani & Sachin S. Kamble & Syed Abdul Rehman Khan & Surabhi Verma, 2024. "Artificial intelligence-driven innovation for enhancing supply chain resilience and performance under the effect of supply chain dynamism: an empirical investigation," Annals of Operations Research, Springer, vol. 333(2), pages 627-652, February.
    6. Rob Jago Floetgen & Jana Strauss & Jörg Weking & Andreas Hein & Florian Urmetzer & Markus Böhm & Helmut Krcmar, 2021. "Introducing platform ecosystem resilience: leveraging mobility platforms and their ecosystems for the new normal during COVID-19," European Journal of Information Systems, Taylor & Francis Journals, vol. 30(3), pages 304-321, May.
    7. Yanru Li & Guanglin Sun & Qiang Gao & Changming Cheng, 2023. "Digital Financial Inclusion, Financial Efficiency and Green Innovation," Sustainability, MDPI, vol. 15(3), pages 1-13, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Xu, Xiaoying & Jin, Mei & Gong, Xinshu, 2024. "Local environmental goal constraint intensity and corporate ESG performance: An empirical observation based on China," Finance Research Letters, Elsevier, vol. 62(PB).
    2. Tang, Mengxuan & Hu, Yang & Hou, Yang (Greg) & Oxley, Les & Goodell, John W., 2025. "Fintech development, corporate tax avoidance and firm value," International Review of Financial Analysis, Elsevier, vol. 97(C).
    3. Guo, Bingnan & Hu, Peiji & Lin, Ji, 2024. "The effect of digital infrastructure development on enterprise green transformation," International Review of Financial Analysis, Elsevier, vol. 92(C).
    4. Feng, Ruonan & Ma, Lu & Wu, Dan, 2025. "ESG performance and corporate innovation under the moderating effect of firm size," International Review of Economics & Finance, Elsevier, vol. 97(C).
    5. Zhang, Ge & Guo, Bingnan & Lin, Ji, 2023. "The impact of green finance on enterprise investment and financing," Finance Research Letters, Elsevier, vol. 58(PD).
    6. Li, Pingrui & Zhao, Xu, 2024. "The impact of digital transformation on corporate supply chain management: Evidence from listed companies," Finance Research Letters, Elsevier, vol. 60(C).
    7. Xu, Yaozhi & Xu, Liling & Shen, Yaxin & Fan, Zhigang, 2024. "Exploring the effect of digital transformation on firm resilience: Evidence from China," Journal of Asian Economics, Elsevier, vol. 95(C).
    8. Yanzhao Li & Ju-e Guo & Wenjun Zhu, 2024. "Digital financial inclusion and domestic tourism demand: Through the lens of spatial spillover," Tourism Economics, , vol. 30(7), pages 1680-1703, November.
    9. Ai, Hongshan & Xiang, Lin & Tan, Xiaoqing & Yao, Haorui & Han, Li, 2024. "The effects of place-based information technology policy on digital finance development: Evidence from China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 521-544.
    10. Yang, Jinxuan & Hui, Ning, 2024. "How digital finance affects the sustainability of corporate green innovation," Finance Research Letters, Elsevier, vol. 63(C).
    11. Lin, Baoguo & Dong, Xueqin, 2024. "Empirical Study on the Impact of Digital Finance on Commercial Credit Allocation in SMEs," Finance Research Letters, Elsevier, vol. 61(C).
    12. Yu Feng & Yutao Lei, 2025. "Carbon trading price and carbon performance of high energy‐intensive enterprises," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(1), pages 489-501, January.
    13. Li, Meng & Wang, Zhengqi & Shu, Linhan & Gao, Haoyu, 2025. "Broadband infrastructure and enterprise digital transformation: Evidence from China," Research in International Business and Finance, Elsevier, vol. 73(PB).
    14. Xie, Chunyu & Ye, Linlin & Zhong, Nan & Wan, Wenjun, 2024. "Impact of digital finance on corporate green innovation: Exploring role of land resource misallocation in China," Resources Policy, Elsevier, vol. 91(C).
    15. Pham Quang Huy & Vu Kien Phuc, 2025. "Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-32, December.
    16. Mesbahuddin Chowdhury & Ananya Bhattacharya & Mona Koushan, 2025. "Supplier Justice Practice in Building Buyers’ Resilience: A Mediated-Moderation Model," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 26(1), pages 171-205, March.
    17. Bingnan Guo & Peiji Hu, 2024. "Investigating the relationship between energy‐consuming rights trading and urban innovation quality," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(4), pages 3248-3270, August.
    18. Shi, Hongyu & Zhou, Qun, 2024. "Government R&D Subsidies, Environmental regulation and corporate green innovation performance," Finance Research Letters, Elsevier, vol. 69(PB).
    19. Fang, Yinhai & Liu, Zhihui, 2025. "Can digital finance enhance enterprise research and development innovation? The mediating role of dual consumption behavior transformation," Finance Research Letters, Elsevier, vol. 71(C).
    20. Hongcheng Ling & Xiaohong Ling, 2025. "The impact of digital inclusive finance on enterprise digital technology innovation: empirical evidence from the Chinese manufacturing industry," Palgrave Communications, Palgrave Macmillan, vol. 12(1), pages 1-19, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0305615. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.