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| Influence of Board Network Embeddedness on Enterprise Growth Under the Digital Economy |
| WANG Yanmeng，XU Guannan，CHEN Qingjiang |
| 1.Beijing University of Posts and Telecommunications， Beijing， China；2.Shandong University of Finance and Economics， Jinan， China |
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Abstract Taking China’s A-share listed companies from 2008 to 2020 as a research sample to explore the impact of board network embeddedness on enterprise growth and the moderating mechanism of the digital transformation process. The results show that: both board network relationship embeddedness and structural embeddedness have an inverted U-shaped impact on enterprise growth. With the steady progress of the digital transformation process, the inverted U-shaped curve between network embeddedness and enterprise growth is flattening out. The further discussion find that digital “underlying technology transformation” makes the relationship curve of structural embeddedness on enterprise growth slower while having no significant moderating effect on the process of relationship embeddedness affecting enterprise growth. The“technology practice application” of digitization makes the relationship curve between relational embeddedness and enterprise growth slower, and has no significant moderating effect on the process of structural embeddedness influencing enterprise growth.
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Received: 08 July 2022
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