Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "15231"
  #_source: array:26 [
    "id" => "15231"
    "slug" => "digitalization-and-the-performance-of-non-technological-firms-evidence-from-the-covid-19-and-natural-disaster-shocks"
    "yearMonth" => "2024-12"
    "year" => "2024"
    "title" => "Digitalization and the performance of non-technological firms: Evidence from the COVID-19 and natural disaster shocks"
    "description" => "GASPAR, J.M., WANG, S. et XU, L. (2024). Digitalization and the performance of non-technological firms: Evidence from the COVID-19 and natural disaster shocks. <i>Journal of Corporate Finance</i>, 89, pp. 102670."
    "authors" => array:3 [
      0 => array:3 [
        "name" => "GASPAR José-Miguel"
        "bid" => "B00015852"
        "slug" => "gaspar-jose-miguel"
      ]
      1 => array:1 [
        "name" => "Wang Sumingyue"
      ]
      2 => array:1 [
        "name" => "Xu Liang"
      ]
    ]
    "ouvrage" => ""
    "keywords" => array:5 [
      0 => "Digitalization"
      1 => "E-commerce"
      2 => "Resilience Supply chain"
      3 => "Digital transformation"
      4 => "Natural disasters"
    ]
    "updatedAt" => "2024-10-31 13:51:19"
    "publicationUrl" => "https://doi.org/10.1016/j.jcorpfin.2024.102670"
    "publicationInfo" => array:3 [
      "pages" => "102670"
      "volume" => "89"
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "Over the last decades, firms have been incorporating digital technologies into their operations, a process known as digitalization. Nevertheless, understanding the link between digitalization and firm performance remains challenging. We propose a new firm-level measure of digital intensity based on textual analysis of business descriptions and quarterly earnings calls. To overcome endogeneity, we use two quasi-natural experiments: the COVID-19 pandemic and shocks involving suppliers affected by U.S. natural disasters. Non-technological firms with higher pre-shock digital intensity experience higher abnormal returns, higher profitability, and higher revenue growth during the shocks. The supply chain is one of the areas through which digitalization contributes to significantly mitigate the effects of these shocks, thereby enhancing firm resilience."
      "en" => "Over the last decades, firms have been incorporating digital technologies into their operations, a process known as digitalization. Nevertheless, understanding the link between digitalization and firm performance remains challenging. We propose a new firm-level measure of digital intensity based on textual analysis of business descriptions and quarterly earnings calls. To overcome endogeneity, we use two quasi-natural experiments: the COVID-19 pandemic and shocks involving suppliers affected by U.S. natural disasters. Non-technological firms with higher pre-shock digital intensity experience higher abnormal returns, higher profitability, and higher revenue growth during the shocks. The supply chain is one of the areas through which digitalization contributes to significantly mitigate the effects of these shocks, thereby enhancing firm resilience."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-11-22T10:24:44.000Z"
    "docTitle" => "Digitalization and the performance of non-technological firms: Evidence from the COVID-19 and natural disaster shocks"
    "docSurtitle" => "Articles"
    "authorNames" => "<a href="/cv/gaspar-jose-miguel">GASPAR José-Miguel</a>, Wang Sumingyue, Xu Liang"
    "docDescription" => "<span class="document-property-authors">GASPAR José-Miguel, Wang Sumingyue, Xu Liang</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2024</span>"
    "keywordList" => "<a href="#">Digitalization</a>, <a href="#">E-commerce</a>, <a href="#">Resilience Supply chain</a>, <a href="#">Digital transformation</a>, <a href="#">Natural disasters</a>"
    "docPreview" => "<b>Digitalization and the performance of non-technological firms: Evidence from the COVID-19 and natural disaster shocks</b><br><span>2024-12 | Articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="https://doi.org/10.1016/j.jcorpfin.2024.102670" target="_blank">Digitalization and the performance of non-technological firms: Evidence from the COVID-19 and natural disaster shocks</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.754824
  +"parent": null
}