Financial Performance Under the Influence of the Coronavirus Disease 2019: Effects of Strategic Flexibility and Environmental Dynamics in Big Data Capability

Abstract

This study draws on the dynamic capabilities view and the firm’s big data capability (BDC) in the new economic environment. It constructs an adjusted intermediary model to study the mechanism of BDC, strategic flexibility, and environmental dynamic affecting financial performance. We find that strategic flexibility plays an intermediary role in the “Converse-U” relationship between BDC and financial performance. Environmental dynamics adjust the relationship between BDC and financial performance positively and smooth the “Converse-U” relationship. The findings suggest building and managing BDC, combining BDC with the management process, and achieving continuous financial performance improvement in a dynamic environment. The paper also puts forward the nonlinear hypothesis, discusses the “Converse-U” relationship between BDC and enterprise financial performance in the Chinese context of digital economy explosion and growth, and considers the intermediary mechanism of strategic flexibility and the regulatory effect of environmental dynamics.

Technological achievements in regional economic development: An econometrics analysis based on DEA

“…Economically developed regions also lead the country in terms of system construction and platform construction in terms of results transformation system and supporting settings. For example, Limei Chen et al (2020) [ 24 ] and Weihong Li et al (2022) [ 25 ] found from the perspective of patent operation that Jiangsu Province has greatly promoted the transformation effect of scientific and technological achievements by formulating policy measures with a high degree of fit. Agasisti T et al (2022) [ 26 ] examined how the efficiency of universities is influenced by the characteristics of the regions in which they are located and found that the management efficiency of universities is closely related to the environment in which they are located; specifically, universities in socioeconomically developed regions tend to be more efficient.…”

The Impact of Ethical Leadership on Financial Performance: The Mediating Role of Environmentally Proactive Strategy and the Moderating Role of Institutional Pressure

“…Financial performance refers to the profitability of a firm [27]. In the past, the measurement of financial performance mostly used financial statement indicators, such as Tobin's Q, return on equity, or return on assets [28,29].…”

“…Financial performance is the extent to which a firm's return on investment, customer retention, sales growth rate, and profitability [27]. Most theoretical and empirical studies report that environmental policies are crucial for business performance [41][42][43].…”

Strategic Flexibility, Institutional Pressure, and Proenvironmental Behavior among Sea Food Enterprises: Mediating Effect Based on Paradoxical Cognition

“…Brozovic [24] proposed that strategic flexibility refers to the ability of an organization to identify major changes in the external environment, quickly allocate resources to new courses of action in response to these changes, and immediately recognize and take action when it is time to stop or reverse existing resource commitments. Existing empirical studies on strategic flexibility mainly focus on the relationship between strategic flexibility and financial performance [25], enterprise innovation [26], and organizational performance [27], and few studies on the relationship between strategic flexibility and enterprise behavior.…”