Can digital transformation promote enterprise performance? —From the perspective of public policy and innovation

Может ли цифровая трансформация повысить эффективность предприятий? — С позиции государственной политики и инноваций
Changqi Tao, Yongzhang Peng
2022-05-09

digital transformationenterprise performanceinnovation momentumpanel measurement modelpublic policy effect
As a new enterprise development model, digitization is of great significance to the development of economy and society. Using the data of relevant listed companies from 2012 to 2020, the panel measurement model is used to investigate the relationship between digital transformation and enterprise performance to further reveal the internal law of whether digital transformation helps to stimulate innovation momentum. The results show that digital transformation has greatly improved the performance of enterprises, and it can stimulate the momentum of enterprise innovation. Reducing costs, increasing revenue, improving efficiency, and encouraging innovation are the main paths for digital transformation to enable the development of enterprises, among which the policy effect of enterprise innovation is the most significant. This research is of great significance to improve the user demand orientation of enterprise innovation and research and development, as well as to realize the high-quality innovation and development of enterprises.
1
Among those pathways, the policy effect on enterprise innovation is the most significant driver of performance gains.
2
Digital transformation significantly improves enterprise performance based on panel data of listed companies (2012–2020).
3
Digital transformation stimulates enterprise innovation momentum, increasing firms' innovation activity.
4
Findings imply digital transformation aids aligning enterprise R&D with user demand, promoting high-quality innovation and development.
5
Primary pathways for digital transformation to enable enterprise development are cost reduction, revenue increase, efficiency improvement, and innovation encouragement.

Digital transformation of listed enterprises

Effect of digital transformation on enterprise performance and the stimulation of enterprise innovation (paths: cost reduction, revenue increase, efficiency improvement, and policy-driven innovation effects)

Publication Details
Publication Date
2022-05-09
Journal
Publisher
ISSN
Cited by
739
Access Type
Author Information
Authors
Changqi Tao
Yongzhang Peng
Explore further
Open the scid.ai AI chat with a ready-made request: it will find papers on a similar topic and help build a literature review.
Find similar papers in the chat →
Make a presentation
100%