TITLE:
Digital Transformation, Business Environment and New Productivity: Based on the Experience and Evidence of Specialized, Refined, Distinctive and Innovative Listed Companies
AUTHORS:
Hongsheng Zhong, Yanqi Han
KEYWORDS:
Digital Transformation, Business Environment, New Quality Productive Forces
JOURNAL NAME:
Open Access Library Journal,
Vol.13 No.3,
March
24,
2026
ABSTRACT: In the context of the digital economy, digital transformation has become a key driver for enterprises to develop new quality productivity, while the business environment plays a crucial role in influencing both digital transformation and productivity growth. However, theoretical research on the relationship between digital transformation, business environment, and new quality productivity remains limited. This study examines annual data from China’s specialized, refined, distinctive, and innovative (SRDI) A-share listed companies (2018-2022) to explore how digital transformation impacts new quality productivity levels and assesses their positive correlation and heterogeneity factors. Empirical results reveal: 1) Digital transformation significantly enhances new quality productivity levels; 2) The effect of digital transformation on productivity growth is moderated by business environment quality. When the business environment exceeds a threshold level, digital transformation boosts productivity; however, when it falls below the threshold, its positive impact weakens or becomes insignificant. These findings provide valuable insights for formulating policies to accelerate digital transformation and strengthen new quality productivity development.