A Study on the Impact of Digital Transformation and Intellectual Capital on the Innovation Performance of Chinese Listed Companies: Based on the Moderating Role of Organizational Slack

A Study on the Impact of Digital Transformation and Intellectual Capital on the Innovation Performance of Chinese Listed Companies: Based on the Moderating Role of Organizational Slack

Innovation is a key element and inevitable choice for every enterprise to achieve sustainable competitive advantage. How to enhance the independent innovation capability of enterprises and improve innovation performance has always been a key issue in the academic community. This study utilizes data from Chinese listed companies spanning 2008 to 2021 and empirically examines the impact of digital transformation on the innovation performance of companies. The research results indicate that digital transformation can enhance the innovation performance of enterprises; Intellectual capital plays a mediating role between the two; Organizational slack is beneficial for companies to improve their risk resistance and positively moderate the relationship between digital transformation and the innovation performance of companies; The heterogeneous impact of digital transformation on the innovation performance of enterprises varies depending on the nature of ownership and type of enterprise. The research conclusion provides micro evidence for the intrinsic mechanism of digital transformation promoting the improvement of enterprise innovation performance, and gives relevant suggestions for guiding enterprises in digital transformation, leveraging the value-driving role of intellectual capital, and improving innovation performance.