Technological adoption and Firm Resilience: Understanding the Impact of New Digital Technologies

Laura Bisio (), Valeria Cirillo, Matteo Lucchese, Andrea Mina and Stefania Scrofani

LEM Papers Series from Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy

Abstract: This study investigates the impact of new digital technologies on the resilience of firms to external shocks. Using rare comprehensive data on both the adoption of single and multiple new digital technologies, we employ a Difference-in-Differences methodology with propensity score matching to evaluate how digitalization influenced firms' ability to withstand the COVID-19 crisis. We isolate the effects of adopting 1) a single technology, 2) multiple technologies (the breadth of adoption), and 3) technologies that are complementary to one another. The findings provide novel insights into how firms can shape their investments in new digital technologies to increase the benefits of digitalization, and enhance their ability to navigate future crises.

Keywords: digital technologies; resilience; technological complementarities (search for similar items in EconPapers)
Date: 2025-05-26
New Economics Papers: this item is included in nep-ict, nep-pay, nep-sbm and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:ssa:lemwps:2025/21

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