DOI
DOI: 10.1371/journal.pone.0292972
Digital transformation and total factor productivity: Empirical evidence from China
作者地址
School of Economics, Lanzhou University, Lanzhou, Gansu, China
摘要
Digital transformation plays a crucial role in improving the quality development of companies in this era of digital economy with ever-changing technologies. This paper empirically investigates the impact of corporate digital transformation on total factor productivity and the mechanism of action, using A-share listed companies in Shanghai and Shenzhen from 2011–2021 as the research sample, and found that the digital transformation of companies significantly improves total factor productivity, with the plausibility of the findings being verified by a series of robustness tests. Based on the heterogeneity study, it is found that such effect is stronger for private companies, non-high-tech companies, and companies with a high degree of industry competition. The mechanism test indicates that digital transformation facilitates total factor productivity through four ways: strengthening company technological innovation, reducing operational costs, increasing resource allocation efficiency, and improving human capital structure. The findings of this paper support a better understanding of the micro effects of digital transformation and provide empirical evidence for policy formulation and adjustment.
资助信息
2023 Gansu Provincial Department of Education College Teachers' Innovation Fund Project from China and Research Platform Open Subject of Chongqing Technology (2023A-281); Business University (KFJJ2022039); Chongqing Graduate Student Research and Innovation Program 2023 (CYB23263)
WOS学科分类
Multidisciplinary Sciences
WOS关键词
BIG DATA
;
TECHNOLOGY
;
INNOVATION
;
INTELLIGENCE
;
ANALYTICS
附件
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Digital transformation and total factor productivity Empirical evidence from China.pdf
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