Research on the Influence of Digital Investment on the Performance Improvement of Manufacturing Enterprises under the Background of Double Cycle
Based on the data of China's A-share manufacturing listed companies from 2015 to 2023,this paper conducts an empirical study to verify the impact of digital investment on firm performance and its mechanism.The results show that the digital investment of manufacturing enterprises has an important effect on the performance,and the higher level of digital investment can improve the performance of manufacturing enterprises.Further analysis shows that the level of service level and management efficiency of manufacturing industry may be the channels through which digital input affects performance.