2023
DOI: 10.3390/systems11070329
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Smarter and Prosperous: Digital Transformation and Enterprise Performance

Abstract: Using manually constructed enterprise digital data from 2012 to 2020, this paper innovatively constructs an enterprise digitalization index to explore its impact on enterprise performance and discusses the potential channels of digitalization on enterprise performance. The findings show that (1) digitalization has a significant positive effect on firm performance, and this finding holds after a series of robustness tests. (2) Digitalization improves firm performance by reducing external management costs and st… Show more

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Cited by 37 publications
(15 citation statements)
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References 56 publications
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“…Text mining related to digital transformation revealed the top five words with the highest frequency in online news articles as "Education", "Innovation", "Corporation", "Information", and "Artificial Intelligence" and in blogs as "Artificial Intelligence", "Corporation", "Education", "Data", and "Innovation". These results indicate the significant impact of technological advancement in various fields such as education, innovation, corporations, and artificial intelligence [50,51]. Additionally, artificial intelligence has been confirmed as one of the key elements in the era of digital transformation [52,53].…”
Section: Discussionmentioning
confidence: 76%
“…Text mining related to digital transformation revealed the top five words with the highest frequency in online news articles as "Education", "Innovation", "Corporation", "Information", and "Artificial Intelligence" and in blogs as "Artificial Intelligence", "Corporation", "Education", "Data", and "Innovation". These results indicate the significant impact of technological advancement in various fields such as education, innovation, corporations, and artificial intelligence [50,51]. Additionally, artificial intelligence has been confirmed as one of the key elements in the era of digital transformation [52,53].…”
Section: Discussionmentioning
confidence: 76%
“…Such structures are more prone to "resource curses". Digital technologies struggle to improve existing industrial structures, while financial underdevelopment deprives cities of environmental governance funds and might impede the effectiveness of SC policy [42]. Therefore, this paper proposes the following hypothesis regarding the sources of heterogeneous treatment effects (HTEs): Hypothesis 2.…”
Section: Mechanism Elaboration and Research Hypothesesmentioning
confidence: 99%
“…Meningkatkan efisiensi operasional merupakan langkah krusial bagi bank dalam mengoptimalkan kinerja mereka di pasar keuangan yang kompetitif. Dengan memanfaatkan teknologi informasi yang lebih canggih, bank dapat mengotomatisasi banyak proses internal mereka, yang pada gilirannya meningkatkan produktivitas dan mengurangi biaya operasional (Gao et al, 2023). Investasi dalam sistem perbankan digital, misalnya, memungkinkan bank untuk menawarkan layanan perbankan online yang lebih cepat, lebih aman, dan lebih responsif terhadap kebutuhan nasabah (Diener & Špaček, 2019).…”
Section: Peningkatan Efisiensi Operasionalunclassified