A dynamic panel study on digitalization and firm's agility: What drives agility in advanced economies 2009–2018
By Marinko Skare, Domingo Ribeiro Soriano. 2021
138 citations recorded by the source corpus.
Abstract Firm agility today is not a factor of competitiveness or success but a survival instrument on the market. Disruptive innovations and technological advancement, together with digitalization, change the role of firm agility. We show that the link between the national/industry level of digitalization and firm agility is statistically robust and essential. We study the link on data from 2009 to 2018 in fifteen EU advanced economies using dynamic panel data modeling. The digitalization impact level differs across firms by ownership type (family to non-family firms). Agility in family firms is strongly influenced by the national/industry level of digitization and investments in intangible assets (particularly the creation of own-organizational capital). Non-family firms' agility depends on investment in human capital, design, and creation of new products and minorly on national/industry digitalization level. Digitalization and gross investments in intangible assets can increase family firm agility exponentially (elasticity coefficient of 85 for-profit margins). Policymakers using policy supporting national/industry digitalization can boost economic growth significantly. Managers and practitioners targeting specific investments in intangible assets can improve and increase firm agility to large extents.
Subfields: Management of Technology and Innovation, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/740506d78989db65eb3c675bd029e3ca3578b44c
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In Management of Technology and Innovation
In Strategy and Management
Citations in the corpus
- How can SMEs successfully navigate VUCA environment: The role of agility in the digital transformation era (2022, background): “Current digital technologies (Bresciani et al., 2018) seem to have a higher level of flexibility and accessibility which could make them useful tools for small and medium sized businesses (Goswami and Kumar, 2018; Škare and Soriano, 2021).”