The effect of digital transformation on real economy enterprises’ total factor productivity

Cheng, Yiran; Zhou, Xiaorui; Li, Yongjian

doi:10.1016/j.iref.2023.02.007

Cited by 147 publications

(43 citation statements)

References 40 publications

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“…The current literature suggests that the development of the digital economy can increase the total factor productivity of firms by addressing financing constraints, enhancing innovation levels, and promoting the digital transformation mechanism. This has been shown by Guo Feng et al (2022) [12] , and other studies. Additionally, the digital transformation of firms can notably improve their environmental, social, and governance (ESG) performance, as demonstrated by Hu Jie et al (2023) [13] .…”

Section: Introductionsupporting

confidence: 71%

“…In the past, Wu Fei et al's (2021) measure was utilized. However, we now employ the method of Chenyu Zhao (2021) [15] , which tabulates 99 word frequencies related to digitization across four dimensions: digital technology application, the internet business model, intelligent manufacturing, and modern information systems. This approach enables us to construct a digitization level index of the enterprise.…”

Section: Revising the Methods Of Measuring Digital Transformationmentioning

confidence: 99%

“…Hence, opportunities for obtaining cost-efficient external financing increase, thereby effectively supplementing the funds required for enterprise innovation. Conversely, enterprises undergo digitization, where digital technology is increasingly utilized in the production and operation phases, subsequently increasing efficiency while lowering operational and maintenance costs (Zhao Chenyu et al, 2021) [15] . Additionally, bargaining, warehouse inventory management, and supervision costs decrease (Pei Changhong et al, 2018) [16] .…”

Section: Theoretical Mechanisms and Research Hypothesesmentioning

confidence: 99%

See 2 more Smart Citations

Digital Transformation and Firm Innovation Quality: Empirical Evidence Based on Listed Companies in China, 2011-2021

Chu

2023

HBEM

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The development of science, technology, and social progress has made digital development a new driving force for social development. National policies have driven the development of the digital economy and enterprise digital transformation. This paper examines the impact of enterprise digital transformation on the quality of innovation b using an Ordinary Least Squares (OLS) model and fixed effect model. The sample used includes A-share listed companies in Shanghai and Shenzhen from 2011 to 2021. The findings indicate that enterprise digital transformation can improve the quality of innovation in enterprises, and the results pass a series of robustness tests. This research analyzes the effect of digital transformation on the quality of innovation and its mechanisms at the level of listed companies. The analysis enriches the theory of enterprise digital transformation in innovation quality and provides research support for the high-quality development of enterprises.

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Section: Introductionsupporting

confidence: 71%

Section: Revising the Methods Of Measuring Digital Transformationmentioning

confidence: 99%

Section: Theoretical Mechanisms and Research Hypothesesmentioning

confidence: 99%

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Digital Transformation and Firm Innovation Quality: Empirical Evidence Based on Listed Companies in China, 2011-2021

Chu

2023

HBEM

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“…The combination of modern digital technologies such as robotics, 5G, artificial intelligence, and ICT has driven the development of digital economy. The digital economy is integrating and permeating with the real economy through the application of new technologies such as big data, cloud computing, blockchain, and the Internet of Things [ 6 ]. The China Academy of Information and Communications Technology (CICT) released the Global Digital Economy White Paper, which contains data indicating that by 2022, the combined value of the digital economies of 51 countries will reach 41.4 trillion U.S. dollars, growing at a nominal annual rate of 7.4% and accounting for 46.1% of GDP.…”

Section: Introductionmentioning

confidence: 99%

Can digital economy compensate the effect of aging on total factor productivity?

Meng,

Wen

2024

PLoS ONE

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In China, the number of senior citizens has grown, along with the burden of old age, and aging has hampered economic growth. The advent of the digital age has led to the emergence of the digital economy as a new engine for economic growth. This paper uses DEA-Malmquist index model to measure the total factor productivity growth rate of 31 provinces in China from 2011 to 2021, and uses the moderating effects model to empirically investigate the relationship between the digital economy, aging and total factor productivity, and to verify whether the development of the digital economy can mitigate the negative impact of aging on total factor productivity. The results show that aging inhibits total factor productivity growth, and the digital economy can promote total factor productivity growth. Digital economy can alleviate the negative impact of aging on total factor productivity growth, and has a moderating effect. Digital economy plays a moderating role by improving the level of human capital and facilitating technological progress. The regional heterogeneity analysis shows that the moderating effect of the digital economy exists in the eastern and western regions and the southern region, but not in the central region and the northern region. Furthermore, the digital economy has a moderating effect on both the high and low aging groups. The research in this paper not only helps to evaluate the productivity effects of the digital economy, but also has important implications for finding ways to mitigate the negative effects of aging.

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“…In comparison to the existing literature, the marginal contribution of this article may include the following aspects: Firstly, this paper draws on microdata from listed firms to link the digital transformation of firms with green innovation. The existing literature mostly focuses on the positive role of enterprise digital transformation in improving capital market performance [2] , improving the comparability of accounting information [3] , improving enterprise total factor productivity [4] , and improving corporate governance [5] . There are few relevant literatures on digital transformation and green innovation.…”

Section: Introductionmentioning

confidence: 99%

Enterprise Digital Transformation and Green Innovation

2023

IEIM

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In this paper, we select A-listed companies from 2011 to 2020 to conduct theoretical analysis and empirical research on the mechanism of action between the digital transformation of firms and green innovation. One of the key findings of this study is that digital transformation can significantly promote green business innovation, and the conclusion still holds after a series of robustness tests. Through an analysis of the mechanism of action, it is found that digital transformation can enhance green innovation by promoting the quality of firms' internal control. Upon closer inspection, it was found that the higher the level of disclosure of corporate environmental information, the more evident the promotive effect of digital transformation on green innovation. The results of the research provide suggestions for companies to improve their green innovation capabilities and promote green transformation.

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The effect of digital transformation on real economy enterprises’ total factor productivity

Cited by 147 publications

References 40 publications

Digital Transformation and Firm Innovation Quality: Empirical Evidence Based on Listed Companies in China, 2011-2021

Digital Transformation and Firm Innovation Quality: Empirical Evidence Based on Listed Companies in China, 2011-2021

Can digital economy compensate the effect of aging on total factor productivity?

Enterprise Digital Transformation and Green Innovation

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