Digital Transformation,Labor Structure Optimization and Innovation Efficiency of Manufacturing Enterprises:The Moderating Effect of Financing Constraints
Innovation ability is the core competitiveness of enterprises,and digitalization provides an opportunity for enter-prises to enhance innovation ability,but there are still few studies on the mechanism between digital transformation and in-novation efficiency of manufacturing enterprises.This paper takes China's Shanghai and Shenzhen A-share manufacturing listed companies from 2015 to 2021 as the research object,incorporates labor structure optimization and financing con-straints into the research model,and explores the mechanism between digital transformation and innovation efficiency of manufacturing enterprises.The results show that:(1)Digital transformation can improve innovation efficiency by optimizing labor quality structure and functional structure.(2)Financing constraints negatively regulate the enhancement effect of digi-tal transformation on enterprise innovation efficiency,and negatively regulate the first half path of the intermediary effect of labor structure optimization.(3)The promotion effect of digital transformation on the innovation efficiency of manufacturing enterprises is more obvious for state-owned enterprises and enterprises in non-central cities.The research conclusions en-rich the relevant research in the field of digital transformation and innovation of manufacturing enterprises,and have cer-tain implications for enterprises to achieve efficient innovation.
digital transformationlabor quality structure optimizationlabor function structure optimizationinnovation effi-ciencyfinancing constraint
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