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Economic Change and Restructuring

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01-02-2024

Digital transformation and total factor productivity of enterprises: evidence from China

Authors: Yanan Liang, Cheng Zhang

Published in: Economic Change and Restructuring | Issue 1/2024

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Abstract

Total factor productivity is the goal pursued by many countries in the development process. Despite the fact that total factor productivity plays a very important role in the transformation and development of enterprises, there is little literature that incorporates the digital transformation of individual microenterprises into the analytical framework of enterprises’ innovative behavior and economic impact. This paper empirically analyzes the impact of enterprise digital transformation on total factor productivity using the data of Shanghai and Shenzhen A-share listed enterprises from 2010 to 2021. It is found that enterprise digital transformation has a significant positive effect on the improvement of total factor productivity, and breakthrough innovation plays a positive role in the impact of digital transformation on total factor productivity of enterprises. This study provides important empirical support for enterprises to promote digital transformation and enhance their total factor productivity.

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Title: Digital transformation and total factor productivity of enterprises: evidence from China
Authors: Yanan Liang
Cheng Zhang
Publication date: 01-02-2024
Publisher: Springer US
Published in: Economic Change and Restructuring / Issue 1/2024
Print ISSN: 1573-9414
Electronic ISSN: 1574-0277
DOI: https://doi.org/10.1007/s10644-024-09587-z

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