The Impact and Mechanism of Digitization Transformation on the High Quality Development of Sporting Goods Manufacturing Enterprises——An empirical study based on Shanghai and Shenzhen A-share and New Third Board enterprises
Based on the unbalanced panel data of Shanghai and Shenzhen A-share and New Third Board sporting goods manufacturing enterprises,text mining method is used to analyze the objective evaluation of annual reports of the sample enterprises and assess the level of digitization of the enterprises,this paper reveals the impact and mechanism of digitization on the high-quality development for these sporting goods manufacturing enterprises.The paper points out 1)digitization can effectively promote the high-quality development of sporting goods manufacturing enterprises,and this conclusion still holds after the robustness test and endogeneity test;2)digitization can promote the upgrading of human capital structure,strengthen the organizational centralization,and have a mediating effect on promoting the high-quality development of sporting goods manufacturing enterprises through digital construction;3)digitization significantly increases Research and Development(R&D)investment,but the effect of R&D investment on the high-quality development of these sporting goods manufacturing enterprises is masked by the effect of digitalization;4)digitalization can ease the relaxation of financing constraints,but the degree of financing constraints to reduce the promotion of high-quality development of sporting goods manufacturing enterprises in the short term is difficult to show;5)digitalization can effectively promote the high-quality development of large-scale sporting goods manufacturing enterprises,labor-intensive sporting goods manufacturing enterprises and capital-intensive sporting goods manufacturing enterprises,but in the promotion of small and medium-sized sporting goods manufacturing enterprises in high-quality development is still a challenge.Therefore,relevant enlightenment is drawn.
sports goods manufacturing enterprisesdigitizationhigh-quality development