关键词: 儒家文化, 数字化转型, 资源, 能力

Abstract: Culture plays a crucial role as both a guiding and supportive force in digital transformation. This paper, focusing on non-financial listed companies in the Shanghai and Shenzhen stock markets from 2009 to 2021, analyzes the intricate influence and underlying mechanisms of Confucian culture on corporate digital transformation through a resource-based perspective. The empirical results demonstrate a positive promotion effect of Confucian culture on corporate digital transformation, a conclusion remains valid even after conducting some endogeneity analysis, including two-stage least squares, propensity score matching, and various robustness tests such as changing core variables, excluding alternative explanations, and sample adjustments. The mechanism analysis reveals that Confucian culture influences digital transformation through its impact on human, credit, and technological resources as channels through which Confucian culture bolsters digital transformation efforts, underscoring its prowess in facilitating resource mobilization for this transformation. Further heterogeneity analysis reveals that the promotion effect of Confucian culture on digital transformation is more pronounced in non-state-owned enterprises, those with abundant redundant resources, those operating in high uncertainty environments, and those less influenced by foreign cultures. Finally, this paper explores the interaction between “resources” and “capabilities” in digital transformation and finds that the combination of Confucian culture and executives with information technology background further enhances corporate digital transformation. This paper broadens the scope of studies on Confucian culture in corporate digital transformation, providing valuable insights into promoting digital transformation, fostering cultural self-confidence, and empowering enterprises.

Key words: Confucian culture, digital transformation, resources, capability