Research on the impact of manufacturing enterprise digital transformation on enterprise growth
With the rise and development of digital transformation, new technologies and business models bring many opportunities and changes for enterprise growth. Based on this, the article collects the keywords of"digital transformation"from A-share listed manufacturing enterprises with the help of Python technology from 2012 to 2021, and then explores the impact of digital transformation on enterprise growth and its mechanism through empirical research. The study shows that digital transformation significantly promotes enterprise growth, which is still valid under a series of robustness tests, and the effect of digital transformation on enterprise growth is more significant in non-state-owned and small and medium-sized enterprises. In further analysis, it is found that the increase in the degree of digital transformation of enterprises can alleviate the internal and external financing constraints of enterprises, improve the operational efficiency of enterprises to enhance the internal collaboration of enterprises, and promote the innovation of enterprises, which can enhance the level of enterprise growth through these three ways. The article provides clues to the impact of digital transformation on enterprise growth and provides relevant insights to better enable the application of digital transformation in enterprises.
Digital transformationEnterprise growthFinancing constraintsEnterprise operation efficiencyTechnological innovation