Impact of Industry 4.0 on Corporate Financial Performance: A Moderated Mediation Model

Abstract

Many studies advance the contemporary technologies of Industry 4.0. However, relatively little is known about how Industry 4.0 affects corporate financial performance. Using a survey, bootstrap sampling, and structural-equation modeling, this study evaluates the moderated mediation effects of Industry 4.0 maturity on financial performance. The results show that Industry 4.0 maturity significantly affects internal business process performance (IBPP), which influences customer performance through the mediating effect of supply chain performance (SCP), and IBPP and SCP affect financial performance fully through the mediating effect of customer performance. The results also show that Industry 4.0 maturity moderates the positive relationship between customer performance and financial performance. Customer performance and IBPP have the largest direct and total effects on financial performance in the context of Industry 4.0 implementation, respectively. The results indicate that Industry 4.0 magnifies the potential returns to companies mainly through IBPP, SCP, and customer performance. This study offers an enhanced understanding of the financial implications of Industry 4.0 implementation and provides insights into the factors through which Industry 4.0 maturity influences financial performance.

Investigating the impact of smart manufacturing on firms' operational and financial performance

“…In fact, by decomposing OP in its four defining dimensions, this study provides a more in-depth analysis of SM-related benefits on OP and allows to empirically confirm that SM supports firms in overcoming performance trade-offs, as it enables simultaneous improvements in terms of cost, quality, and delivery. Our findings also contribute to the emerging body of OM literature investigating the SM-FP relation (Chen, 2021;Guo and Xu, 2021;Peng and Tao, 2022; among others) by clarifying that improvements in OP generated by SM are not linked to enhanced firms' FP.…”

Impact of Communication on Capital Project Performance: A Mediated Moderation Model

“…They are all smaller than their corresponding AVE values of 0.78, 0.80, 0.71, 0.66, and 0.68. This suggests discriminant validity exists among these constructs [56,57]. The measurement model's overall fit also suggests a reasonable fit with the data, where chi-square/degree of freedom is 2.354, incremental fit index (IFI) is 0.921, Tucker-Lewis index (TLI) is 0.907, comparative fit index (CFI) is 0.920, and root mean square error of approximation (RMSEA) is 0.079 [53].…”

Propuesta al Balanced Scorecard incorporando las perspectivas de sostenibilidad e industria 4.0 para las PYMEs del sector hotelero boutique: Revisión de literatura

“…Con la implementación de la I4.0 se agregan valores, transformación y disrupción, por ejemplo, en la calidad, la excelencia operativa, la construcción de mejoras, la remodelación de estrategias, la flexibilidad, la personalización de productos, las cadenas de suministro, transportación, operación, proceso, relaciones, interacción, colaboración, trazabilidad, herramientas, flujos de trabajo, comunicación, moral de empleados, tiempos de entrega y reducción de desperdicio (Santos et al, 2021;Chen, 2021;Fonseca et al, 2021;Vrchota et al, 2021;Chang et al, 2021;Allen et al, 2021). Indiscutiblemente, hay un lazo con las perspectivas del cliente, proveedores, procesos internos, aprendizaje y conocimiento, I4.0 (innovación) y sostenibilidad (Nedelko, 2021;Frederico et al, 2021).…”

“…Indudablemente, la I4.0 beneficia y afecta muchas áreas: desempeño (financiero, cliente); rendimiento (operaciones, tecnología, financiero, empresarial, gestión, cadena de suministro); gestión (sistema, ética laboral, implementación, uso); herramientas (organización, trabajo, planificación estratégica, gestión: calidad, clientes, cadena de suministro); y organización (flexible, excelencia, economía, eficiencia, equipo colaborativo, sostenible, mejora). Estas observaciones también se vinculan con la planificación estratégica, primer paso a la dirección y encause hacia la I4.0 (Santos et al, 2021;Chen, 2021;Fonseca et al, 2021;Vrchota et al, 2021;Nedelko, 2021;Allen et al, 2021;Chang et al, 2021;Rafiq et al, 2020).…”