Turnover at the Top: The Digital Transformation and Dismissal of Chairman and CEO

Autor: Jipeng Qi, Yaxian Zhou, Wendai Lv, Qiyue Du, Ran Liu, Caixing Liu
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Frontiers in Psychology, Vol 13 (2022)
Druh dokumentu: article
ISSN: 1664-1078
DOI: 10.3389/fpsyg.2022.883192
Popis: Companies increasingly implement digital transformation strategies to promote efficiency. Nevertheless, there are few concerns about employees’ acceptance of the changes, especially the executives’ adaptability, which is an important part of digital transformation strategy implementation. By utilizing the “searching-matching” in keywords of the annual reports of public listed companies in China, we measured the degree of corporate digital transformation to analysis its influence on the turnover rate of the Chairman and CEO. We found that digital transformation decreases the possibility of Chairman and CEO’s turnover. Derived from the dynamic managerial capital theory, we demonstrated that executives’ social network and political connections both have a moderate effect on the relationship between digital transformation and the turnover rate of executives. These findings will contribute to the digital transformation research by integrating with executives’ dynamic managerial capital which is attained through social networks and political connections.
Databáze: Directory of Open Access Journals