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

Yanan Liang () and Cheng Zhang
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Yanan Liang: National Academy of Governance
Cheng Zhang: Graduate School of Chinese Academy of Social Sciences

Economic Change and Restructuring, 2024, vol. 57, issue 1, No 7, 22 pages

Abstract: 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.

Keywords: Digital transformation; Total factor productivity; Breakthrough innovation; Text analysis (search for similar items in EconPapers)
JEL-codes: O36 O40 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s10644-024-09587-z

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