Digital-Real integration and enterprise resilience

Abstract

This study empirically investigates the impact and mechanisms of digital-real integration on corporate resilience using data from A-share listed companies between 2013 and 2022. The research findings demonstrate that digital-real integration enhances corporate resilience, a conclusion supported by rigorous robustness tests. Mechanism analysis reveals two primary pathways: First, it alleviates financing constraints to strengthen organizational resilience; second, it boosts innovation capabilities to improve corporate resilience.