The Impact of Digital-Physical Convergence on Enterprise Resilience -From the Perspective of External Resources and Internal Capacity

Abstract

Under the background of profound changes and adjustments in the global economic governance structure, enterprise resilience has become a key strategy to deal with complex shocks. Based on the data of provincial and A-share listed companies in China from 2013 to 2022, this paper constructs an index system of digital-entity integration and enterprise resilience, and verifies the influence of digital-entity integration on enterprise resilience. It is found that digital-entity integration can significantly improve enterprise resilience, and the effect is more obvious in large enterprises, mature enterprises, non-manufacturing industries and fierce competition market environment. The mechanism analysis shows that digital-entity integration can enhance enterprise resilience by relaxing financing constraints and promoting innovation. The conclusion of this paper provides a valuable reference for enterprises to improve their toughness in uncertain environment.