Welcome to Francis Academic Press

Academic Journal of Business & Management, 2023, 5(26); doi: 10.25236/AJBM.2023.052605.

The Game Research of Entrepreneur Digital Transformation Decision

Author(s)

Lin Weiqiong1, Liang Jieheng2

Corresponding Author:
Lin Weiqiong
Affiliation(s)

1School of Economics, Guangdong University of Finance and Economics, Guangzhou, China

2China Construction Bank Conghua Sub-branch, Guangzhou, China

Abstract

In this paper, an evolutionary game equilibrium model of two-stage digital transformation decision is created. The entrepreneurs in the same situation are regarded as a group, and the individual entrepreneur's decision is placed in the group decision. Then the individual entrepreneur chooses a certain strategy with a certain probability from the perspective of the entrepreneur group. In the face of digital transformation which can bring many benefits, the formation of stable and balanced strategy of entrepreneur evolution not only depends on the characteristics of the enterprise itself, but also depends on the decision of its competitors. The digital transformation of enterprises has positive externalities, and the government should establish an incentive system for digital transformation to encourage and help small and medium-sized enterprises to carry out digital transformation.

Keywords

entrepreneur digital transformation; evolutionary game; Balancing strategy

Cite This Paper

Lin Weiqiong, Liang Jieheng. The Game Research of Entrepreneur Digital Transformation Decision. Academic Journal of Business & Management (2023) Vol. 5, Issue 26: 26-32. https://doi.org/10.25236/AJBM.2023.052605.

References

[1] Xiao Jing. (2020). Cross-system Digital Transformation and Adaptive Changes of Management.  Reform, (04), 37-49.

[2] Matt, C., Hess, T., & Benlian, A. (2015). Digital transformation strategies. Business & information systems engineering, (57), 339-343.

[3] Kohli, R., & Melville, N. P. (2019). Digital innovation: A review and synthesis. Information Systems Journal, 29(1), 200-223.

[4] Abrell, T., Pihlajamaa, M., Kanto, L., Vom Brocke, J., & Uebernickel, F. (2016). The role of users and customers in digital innovation: Insights from B2B manufacturing firms. Information & Management, 53(3), 324-335.

[5] Li Hui. (2020). Research on the Transformation of Enterprises to High Quality Development Driven by Digital Economy. Journal of Xi'an University of Finance and Economics, (02), 25-29.

[6] Zhang Pei, Zhang Miaomiao. (2020). Study on Digital Transformation Types and Trigger Mechanism in Manufacturing Enterprises. Modernization of Management, (06), 19-24. 

[7] Hu Qing. (2020). Mechanism and Performance of Enterprise Digital Transformation. Zhejiang Academic Journal, (02), 146-154.

[8] Chen Qingjiang, Wang Yanmeng & Wan Maofeng. (2021). Research on Peer Effect of Enterprise Digital Transformation and Influencing Factors. Chinese Journal of Management, (05), 653-663.

[9] He Fang, Liu Hongxia. (2019). The Performance Improvement Effect of Digital Transformation Enterprises from the Digital Economy Perspective. Reform, (04), 137-148.

[10] Wang Haijun, Feng Qian. (2015). The Evolution of Internet Finance: Academic Debate and Current Practice. Reform, (09), 142-150.

[11] Shen Guobing, Yuan Zhengyu. (2020). The Effect of Enterprise Internetization on the Innovation and Export of Chinese Enterprises. Economic Research Journal, (01), 33-48.

[12] Qi Huaijin, Cao Xiuqin & Liu Yanxia. (2020). The Influence of Digital Economy on Corporate Governance: Analyzed from Information Asymmetry and Irrational Behavior Perspective. Reform, (04), 50-64.

[13] Yang Deming, Bi Jianqin. (2019). “Internet Plus”, Entrepreneurs’ External Investment and Corporate Valuation. China Industrial Economics, (06), 136-153. 

[14] Yi Luxia, Wu Fei & Chang Xi. (2021). Enterprise Digital Transformation Process and Main Business Performance: Empirical Evidence from the Text Recognition of the Annual Reports of Listed Companies in China. Modern Finance and Economics (Journal of Tianjin University of Finance and Economics), (10), 24-38.

[15] Li Haijian, Tian Yuexin. & Li Wenjie. (2014). Mobile Internet Thinking and Traditional Business Reengineering. China Industrial Economics, (10), 135-146.

[16] Brynjolfsson, E., & McAfee, A. (2014). The second machine age: Work, progress, and prosperity in a time of brilliant technologies. New York: WW Norton & Company.

[17] Liu Yanxia. (2022). Digital Economy Enables High- quality Development of Enterprises: Empirical Evidence based on Total Factor Productivity of Enterprises. Reform, (09), 35-53.

[18] Jiang luan, Ling Yupeng, Zhang Jichang, & Lu Jingfu. (2022). How Does Digital Transformation Affect Firm’s Resilience? An Ambidexterous Innovation View. Economic Research Journal, (01), 1-11.

[19] Li, W., Liu, K., Belitski, M., Ghobadian, A., & O'Regan, N. (2016). E-Leadership through strategic alignment: An empirical study of small-and medium-sized enterprises in the digital age. Journal of Information Technology, (31), 185-206.