The Impact of Digital Transformation on Innovation Performance of Energy Enterprises
Based on the panel data of Shanghai and Shenzhen A-share energy listed enterprises from 2013 to 2022,the paper adopts the dual fixed-effect regression method to analyze the impact of digital trans-formation on innovation performance of energy enterprises.The findings are as follows:(1)The digital transfor-mation of energy enterprises significantly improves the innovation performance;(2)Digital transformation can promote the innovation performance of energy enterprises by improving innovation capacity,absorption capacity and adaptation capacity;(3)Internal control of energy enterprises has a significant moderating effect on the impact of digital transformation on innovation performance,the impact of digital transformation on absorptive capacity,and the impact of absorptive capacity on innovation performance,and only has a positive moderating effect on the impact of absorptive capacity on innovation performance.It is proposed that the digital manage-ment system should be optimized,the dynamic ability of energy enterprises to respond to market demand and cultivate employees'innovative consciousness should be improved,and the internal control system should be perfected.
energy enterprisesdigital transformationinnovation performance