Abstract:

Based on the resource-based theory and focusing on the stability and flexibility characteristics of resilient enterprises, this paper explores the impact of technological diversification on enterprise resilience in the digital transformation context. With a sample of listed high-tech firms in China from 2018 to 2022, before and after COVID-19, an OLS (ordinary least squares) regression and survival analysis is conducted for empirical analysis. The results show that both unrelated technological diversification and related technological diversification have an inverted U-shaped relationship with the stability of enterprises after a shock. Unrelated technology diversification negatively affects the flexibility of enterprises after a shock, while related technology diversification has a positive effect on the flexibility of enterprises after a shock. Digital transformation enhances the inverted U-shaped relationship between related technology diversification and the stability of enterprises after a shock, and can weaken the negative effect of unrelated technology diversification on the flexibility of enterprises after a shock. The findings enrich and expand the research on technology diversification and enterprise resilience, and provide reference for enterprises to develop appropriate technology diversification strategies to enhance enterprise resilience.

Key words:

unrelated technological diversification, related technological diversification, enterprise resilience, digital transformation

摘要：

基于资源基础理论，聚焦企业韧性的稳定性和灵活性特征，探讨数字化变革背景下技术多元化与企业韧性的关系。利用2018～2022年新冠疫情冲击前后中国上市的高新技术企业数据，采用OLS回归和生存分析法进行实证分析。结果表明：非相关技术多元化和相关技术多元化均与企业受到冲击后的稳定性呈倒U型关系；非相关技术多元化负向影响企业受到冲击后的灵活性，而相关技术多元化正向影响企业受到冲击后的灵活性；数字化变革加强了相关技术多元化与企业受到冲击后稳定性间的倒U型关系，并削弱了非相关技术多元化对企业受到冲击后灵活性的抑制作用。研究结论丰富和拓展了技术多元化与企业韧性的相关研究，为企业制定合适的技术多元化战略以增强韧性提供参考。

关键词:

非相关技术多元化, 相关技术多元化, 企业韧性, 数字化变革