Abstract: Few documents explore the influence and mechanism of unabsorbed slack resource on organizational resilience. Based on the resource orchestration theory, on the sample data of listed companies on the A-share Main Board from 2015 to 2021,the paper analyzes the impact of unabsorbed slack resource on organizational resilience and its mechanism, and introduces internal and external environment factors to explore its moderating effect.The results show that unabsorbed slack resource is positively associated with organizational resilience.After considering the endogeneity problems such as self-selection of samples, mutual causality and robustness test, the conclusion is still valid. Mechanism testing shows that unabsorbed slack resource mainly affect organizational resilience through two paths: improving the level of digital transformation and corporate governance of enterprises. TMT heterogeneity and corporate social responsibility negatively moderates the relationship between unabsorbed slack resource and organizational resilience,while environmental uncertainty positively moderates the relationship. This study further enrich the resource orchestration theory and the boundary mechanism of organizational resilience process of enterprises, and has a certain decision-making value for enterprises to explore the value of unabsorbed slack resource so as to promote the high-quality development.

Key words: unabsorbed slack resource, organizational resilience, TMT heterogeneity, corporate social responsibility, environmental uncertainty