Enabling effect of digital transformation on the total factor productivity of agricultural enterprises:Based on the data of listed agricultural enterprises from 2008 to 2021
The improvement of the total factor productivity is an important part of the high-quality development of agricultural enterprises,which has attracted much attention from the corporate and academic circles.Taking Chinese listed agricultural companies from 2008 to 2021 as research samples,this paper empirically tests the enabling effect of digital transformation on the improvement of the total factor productivity of agricultural enterprises and the intermediary effect of corporate human capital in them,and conducts heterogeneity analysis based on firm attributes and location characteristics.Studies have found that the coefficient of digital transformation degree is 0.178 5,which is significant at the 1% significant level,indicating that digital transformation can significantly promote the improvement of the total factor productivity of agricultural enterprises,after adding the intermediary variable of human capital,the regression coefficient of digital transformation has dropped from 0.178 5 to 0.164 9,indicating that human capital can play an intermediary effect in the process of digital transformation to promote the improvement of agricultural enterprises,that is,digital transformation can promote the optimization of the human capital structure of agricultural enterprises to improve the total factor productivity level,digital transformation has a more obvious effect on the improvement of agricultural enterprises'total factor productivity in non-state-owned enterprises,large enterprises and east enterprises.
agricultural enterprisedigital transformationtotal factor productivityhuman capital investment
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