The Impact of Digital Transformation on Corporate Performance:Empirical Evidence from A-share Manufacturing Listed Companies
Digital transformation can enhance the innovation level of enterprises while saving costs,thereby having a positive impact on enterprise performance and promoting high-quality development.Manufacturing listed companies in China's Shanghai and Shenzhen A-shares from 2013 to 2020 were selected as research samples,and the relationship and mechanism between digital transformation and corporate performance from both theoretical and empirical perspectives were explored.It has found that there is a significant positive correlation between digital transformation of manufacturing enterprises and corporate performance.Digital transformation of enterprises can improve their response speed and sensitivity,thereby having a positive promoting effect on corporate performance.Through the mediation effect test,it is found that the digital transformation of manufacturing enterprises can promote the improvement of enterprise performance by improving their innovation level and reducing costs,and innovation level and cost savings play a mediating role.The conclusion is of great significance for Chinese manufacturing enterprises to achieve high-quality development and build an advanced manufacturing highland.
digital transformationenterprise performancemanufacturing
NETL
NSTL
万方数据
