Various privatization modes were designed to improve the efficiency of state-owned enterprises by overcoming resource and routine rigidity. Mixed ownership in China, for example, is regarded not only as a reform for improving SOEs’ efficiency, but also as an opportunity for digital transformation in this digital era. However, the potential link between ownership and digital transformation is neglected in the existing literature. Using detailed empirical data, we draw on a six-year qualitative study of the dynamic process of achieving digital transformation through mixed ownership reform. It shows that desire alignment plays an important role in promoting digital transformation, as well as resource synergy and governance improvement. Our findings show that there are three interactive relationships among desire, resource and governance according to the different phases for digital transformation, which is defined as desire-pushed, resource-led and governance-inspired transformation in this paper. We conclude these findings together into a tripod helix model of desire-resource-governance that contributes to the digital transformation literature by integrating the interactions among desire, resource and governance as a dynamic process.
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