In the era of the digital economy, dynamic capabilities are crucial for heavy-polluting enterprises in emerging markets to achieve a win-win situation in both economic and environmental performance. This study aims to explore the impact mechanism of digital transformation on the dynamic capabilities of heavy-polluting enterprises.
Using Chinese A-share listed companies in the heavy-polluting industry as a research sample from 2013 to 2023, this study explores the impact mechanism of digital transformation on the dynamic capabilities.
The results show that digital transformation has a significant U-shaped relationship with the dynamic capabilities of heavy-polluting enterprises. Moderating effect analysis indicates that new media public opinion pressure and CEO openness have a positive moderating effect on the relationship between digital transformation and dynamic capabilities.
This study not only broadens the research perspectives of digital transformation and dynamic capabilities, but also provides guidelines for heavy-polluting enterprises to effectively use digital transformation to enhance dynamic capabilities.
