TITLE:
A Study of the Impact of Digital Transformation on the High-Quality Development of Enterprises
AUTHORS:
Hua Xu, Duo Wen
KEYWORDS:
Digital Transformation, Enterprise High-Quality Development, Enterprise Total Factor Productivity, Business Model Innovation
JOURNAL NAME:
Open Journal of Business and Management,
Vol.13 No.1,
January
22,
2025
ABSTRACT: With the continuous advancement of the digital economy, whether it is possible to achieve high-quality development of enterprises with the help of digital technology has become an important issue to be explored. Taking A-share listed companies from 2006 to 2021 as the research sample, we empirically examined the impact and mechanism of digital transformation on the high-quality development of enterprises. The results show that digital transformation significantly promotes the high-quality development of enterprises, in which business model innovation plays a mediating role; the heterogeneity analysis shows that the impact of digital transformation on the high-quality development of enterprises is more significant in non-state-owned enterprises, small and medium-sized enterprises, and non-high-tech enterprises. Therefore, enterprises should actively carry out digital transformation and promote business model innovation with the help of digital technology, so as to improve total factor productivity and achieve high-quality development of enterprises.