{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,1,5]],"date-time":"2026-01-05T12:34:29Z","timestamp":1767616469880,"version":"3.48.0"},"reference-count":82,"publisher":"MDPI AG","issue":"1","license":[{"start":{"date-parts":[[2026,1,5]],"date-time":"2026-01-05T00:00:00Z","timestamp":1767571200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"name":"Natural Science Foundation of Shandong Province of China","award":["ZR2024QG231"],"award-info":[{"award-number":["ZR2024QG231"]}]},{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["N72172043"],"award-info":[{"award-number":["N72172043"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]},{"name":"Humanities and Social Science Research Project of the Ministry of Education in China","award":["24YJA630091"],"award-info":[{"award-number":["24YJA630091"]}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["JTAER"],"abstract":"<jats:p>As a crucial endogenous resource of firms, history has increasingly been recognized for its role in shaping strategies. However, little is known about how historical competitive experience affects digital orientation (DO), a vital strategic foundation that enables firms to capture value from digital transformation. This study addresses this gap by investigating the impact of competitive experience on firms\u2019 DO and the factors shaping this relationship. Using a panel dataset of 4281 Chinese A-share listed firms from 2012 to 2023, we measure DO through MD&amp;A-based text analysis and test our hypotheses with a two-way fixed-effects model. The results reveal an inverted U-shaped relationship between competitive experience and DO. This indicates that moderate competitive experience stimulates DO, while excessive competitive experience can induce rigidity and constrain DO. Interestingly, market turbulence decreases the positive and increases the negative effect of competitive experience on DO, whereas market competition exerts the opposite moderating effect. Further analysis shows that this positive effect is enhanced within a higher-quality innovation environment. Our findings highlight the importance of history in shaping firms\u2019 digital strategic posture in an emerging market. By treating competitive experience as a strategic resource, managers can transform their competitive legacy into a powerful engine for DO, especially under favorable environments.<\/jats:p>","DOI":"10.3390\/jtaer21010021","type":"journal-article","created":{"date-parts":[[2026,1,5]],"date-time":"2026-01-05T10:03:48Z","timestamp":1767607428000},"page":"21","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":0,"title":["The Past Shapes the Present: Competitive Experience and Digital Orientation"],"prefix":"10.3390","volume":"21","author":[{"given":"Yanyan","family":"Ma","sequence":"first","affiliation":[{"name":"School of Business, Harbin Institute of Technology, Harbin 150001, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Xiaohong","family":"Wang","sequence":"additional","affiliation":[{"name":"School of Business, Harbin Institute of Technology, Harbin 150001, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Yixuan","family":"Kang","sequence":"additional","affiliation":[{"name":"School of Business, Harbin Institute of Technology, Harbin 150001, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-6119-9469","authenticated-orcid":false,"given":"Linlin","family":"Liu","sequence":"additional","affiliation":[{"name":"Department of Business Administration, Hong Kong Shue Yan University, Hong Kong, China"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1968","published-online":{"date-parts":[[2026,1,5]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"1319","DOI":"10.1108\/JKM-03-2020-0231","article-title":"Strategic orientation toward digitalization to improve innovation capability: Why knowledge acquisition and exploitation through external embeddedness matter","volume":"25","year":"2021","journal-title":"J. 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