Breaking barriers to innovation: The power of digital transformation

Niu, Yuhao; Wen, Wen; Wang, Qianqian; Li, Sifei

doi:10.1016/j.frl.2022.103457

Cited by 107 publications

(54 citation statements)

References 18 publications

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“…It is more convenient for enterprises to obtain heterogeneous innovation elements and realize knowledge linkage than before. In addition, the widespread application of digital technology facilitates the flow of knowledge and information between internal and external enterprises, which is conducive to breaking down invisible barriers to innovation (Niu et al, 2023). Digital transformation not only promotes the diffusion of innovation elements, but also gives birth to more innovation elements.…”

Section: Indirect Mechanismmentioning

confidence: 99%

The impact of digital transformation on low-carbon development of manufacturing

Lyu

Zhang

Wang

2023

Front. Environ. Sci.

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Objective: To measure the low-carbon development level and digital transformation degree of China’s manufacturing industry, and to examine the impact of digital transformation on low-carbon development.Methods: This paper uses Super Slack Based Measure (SBM) model and multi-regional input-output model to measure the low-carbon development level and digital transformation degree of 17 manufacturing industries in 30 provinces of China from 2012 to 2018, and uses high-dimensional fixed effect model and mediation model to study the impact of digital transformation on low-carbon development.Results: 1) During the study period, China’s manufacturing industry showed an upward trend in terms of low-carbon development level and digital transformation, but there were significant regional and industrial disparities. 2) Digital transformation can significantly promote the low-carbon development of manufacturing industry, which is still valid in the robustness test. 3) For sub-indicators, digital industrialization has the most obvious effect on the low-carbon development of manufacturing industry, and the improvement of digital development environment also has a positive impact on low-carbon development. 4) The heterogeneity analysis indicate that digital transformation has a greater impact on promoting low-carbon development of manufacturing in underdeveloped regions, and the positive effect is obvious in medium-low-energy-consuming industries, but not in high-energy-consuming industries. 5) The mechanism test shows that technological innovation is a channel for digital transformation to promote low-carbon development.Value: This paper provides empirical evidence for the environmental impact of digital transformation, and offers a scientific basis for relevant departments to formulate low-carbon development policies from the perspective of digital transformation.

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Section: Indirect Mechanismmentioning

confidence: 99%

The impact of digital transformation on low-carbon development of manufacturing

Lyu

Zhang

Wang

2023

Front. Environ. Sci.

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“…Digital industrialization and industrial digitization provide a collaborative environment for innovation activities and accelerate the progress of carbon emission reduction technology (Yin and Yu, 2022). The improvement of innovation efficiency depends on the efficient interconnection of information (Niu et al, 2023). The digital economy based on information and communication technology provides an efficient way for innovation subjects to obtain information and enriches the information resource elements needed for innovation (Kohli and Melville, 2019).…”

Section: H3mentioning

confidence: 99%

Does digital economy development reduce carbon emission intensity?

2023

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Carbon emissions from human activities are the main cause of climate warming. Under the background of economic and social digital transformation, accurately assessing the carbon emission reduction effect of the development of the digital economy is of great significance for countries to deal with climate warming in the post-COVID-19 era. This paper constructs a dynamic evaluation model of orthogonal projection to measure the level of digital economy development at the provincial level in China from 2007 to 2019. On this basis, the panel fixed effects model and mediation model are used to empirically test the impact of digital economy development on carbon emission intensity and its mechanism. The results indicate that: (1) The development of China’s digital economy is unbalanced among regions, showing a geospatial pattern of decreasing from east to west. (2) China’s carbon emission intensity has a trend of decreasing year by year, and there are geospatial differences of “high in the west and low in the east” and “high in the north and low in the south.” (3) The digital economy development can effectively reduce regional carbon emission intensity through industrial structure optimization effect and resource allocation effect, and the industrial structure optimization effect can suppress carbon emission intensity more obviously. (4) The development of digital economy in different regions has different degrees of reducing carbon emission intensity. The development of digital economy in the eastern region has a stronger inhibitory effect on carbon emission intensity than that in the middle and western regions, and the development of digital economy in economically developed regions can suppress carbon emission intensity more. This paper provides enlightenment for policy makers to deal with climate warming.

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“…For example, Riaz et al (2022) document that digitalization improves transparency and corporate governance, thus curbing firms' corrupt practices. Niu et al (2023) contend that digital transformation can improve corporate governance and stimulate innovation. Digital transformation helps to improve the quality of internal control, and the application of digital technology helps companies to broaden access to information resources and reduce internal management costs (Svahn et al, 2017), which empowers managers to overcome their cognitive limitations (Adner et al, 2019).…”

Section: Hypothesis Developmentmentioning

confidence: 99%

“…The business model of high-tech enterprises is unique from that of their non-high-tech counterparts, and digital technology is of great significance to high-tech enterprises (Zeng & Lei, 2021). In the process of digital transformation, high-tech enterprises have advanced innovation base and talent resources (Niu et al, 2023), and can leverage the advantages of digital transformation more effectively. We expect the negative influence of digital transformation to be more significant in high-tech companies.…”

Section: H4mentioning

confidence: 99%

Digital transformation and corporate cash holdings in China's A-share listed companies

Sun

Lin

Vochоzka

et al. 2022

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Research background: In the digital era, digital transformation has become a strategic imperative for leadership agenda. Many firms have accelerated their pace in digital transformation to improve their performance and competitiveness. Despite increasing attention in the literature on the role of digital transformation in firms? operations, understanding the effect of digital transformation on corporate finance remains limited. This study focuses on cash holdings, which are essential for firms to survive and thrive. Purpose of the article: The aim of this paper is to examine the critical role of digital transformation on the cash holdings of listed firms in China and provide micro evidence regarding the economic consequences of the digital economy from firm level. This study also aims to deepen our understanding of the influence of digital transformation on firms? operation and financial policy. Additionally, this paper attempts to provide relevant guidance for implementing policies to promote digital transformation and devise corresponding cash holding strategies. Methods: The text analysis method is used to measure the degree of digital transformation of China?s A-share listed companies. The sample covers 19,337 observations from 2007?2020. A multiple regression model with firm and year fixed effect is developed to investigate the relationship between digital transformation and corporate cash holdings. In the robustness test, this paper substitutes the independent and dependent variables, and adopts instrumental variable estimation method. In the mechanism test, this paper uses the sub-sample regression method in the mechanism test. Findings & value added: This study reveals that digital transformation can significantly reduce corporate cash holdings by alleviating the precautionary motive, agency motive and transaction motive of cash holdings. Further analysis shows that the negative effect of digital transformation on cash holdings is more profound in high-tech firms and non-state-owned enterprises. The methodology applied in this paper can be used in other economic research of firms. This study provides insights into the effects of digital transformation on corporate financial policy. This provides a solution for reducing firms? cash holdings. This study also deepens the understanding of digital transformation from a corporate perspective.

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Breaking barriers to innovation: The power of digital transformation

Cited by 107 publications

References 18 publications

The impact of digital transformation on low-carbon development of manufacturing

The impact of digital transformation on low-carbon development of manufacturing

Does digital economy development reduce carbon emission intensity?

Digital transformation and corporate cash holdings in China's A-share listed companies

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