Digital Transformation,Servitization Integration and Performance Improvement of Manufacturing Firms:On the Moderating Effect of Economic Policy Uncertainty
Introducing economic policy uncertainty as a moderating variable,we study the theoretical mechanism and the path of action of digital transformation to enhance the performance of manufacturing en-terprises from the dual integration perspective of embedded servitization and mixed servitization.On this ba-sis,the data of A-share listed companies in the manufacturing industry from 2008 to 2020 are used to em-pirically test the theoretical mechanism.The results of the study show that digital transformation can im-prove enterprise performance,and embedded servitization plays a positive mediating role,but there is obvi-ous heterogeneity in regional distribution,ownership structure and technology level;digital transformation can inhibit the"off real to fictitious"behavior of manufacturing enterprises in mixed servitization.The un-certainty of economic policies will enhance the promotion effect of digital transformation on embedded ser-vitization and the inhibition effect on mixed servitization.
digital transformationembedded servitizationmixed servitizationeconomic policy un-certaintyfirm performance
万方数据
