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Racing ahead: unlocking the power of executive industry tournament incentives for digital transformation

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Theoretical analysis reveals how industry tournament incentives drive digital transformation in enterprises, suggesting implications for strategy.

The study aims to reveal how industry tournament incentives drive digital transformation and the psychological effects on executives.
Constructed a theoretical analysis framework of 'external stimulus → response behavior → transformation effect'.
Selected A-share manufacturing companies listed in Shanghai and Shenzhen (2012-2021) as research samples for OLS regression.
Industry tournament incentives exhibit both separate and chain-mediating effects on digital transformation.
Key mediating channels are executives' digital willingness and digital investment.

Zhao et al. (2026) studied this question.

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Theoretical analysis reveals how industry tournament incentives drive digital transformation in enterprises, suggesting implications for strategy.