Impact and Mechanism Test of Manufacturing Servitization on Enterprises'Total Factor Productivity
High-quality development of manufacturing industry holds the key to high-quality development of economy,and servitization of manufacturing industry is a practical approach towards achieving this high-quality development.Crucially,comprehensively improving total factor productivity stands as the driving force for high-quality development of manufacturing industry.This paper selects the provincial-level service-oriented manufacturing demonstration enterprises in the Yangtze River Delta region from 2011 to 2022 as samples,and empirically investigates the impact of manufacturing servitization on the total factor productivity of enterprises by using a two-way fixed-effects model.The results show that improving servitization of manufacturing enterprises can significantly enhance total factor productivity.Furthermore,innovation investment and digital transformation act as mediating and moderating factors in the mechanism of the impact of servitization and total factor productivity.At the same time,the promotion effect of manufacturing servitization on total factor productivity is more significant in small-scale,non-state-owned and high-tech enterprises.Therefore,manufacturing enterprises should prioritize scientific and technological innovation,embrace digital transformation as a core strategy,and rely on servitization to improve their productivity and the synergistic value of industrial chain and value chain.
servitization of manufacturing enterprisestotal factor productivityinnovation inputsdigital transformation
NETL
NSTL
万方数据
