Research on the Impact of Digital Transformation on Manufacturing Enterprise Innovation

Mengdi An ()
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Mengdi An: Beijing Technology and Business University

A chapter in Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025), 2025, pp 27-40 from Springer

Abstract: Abstract Small and medium-sized enterprises in the manufacturing industry are the foundation of the real economy and the key to high-quality economic development in the future. In the current era of booming digital economy, in order to fully stimulate the innovation potential of small and medium-sized enterprises, enhance the overall competitive advantage of the manufacturing industry and the high-quality development of the manufacturing industry, digital transformation is the key. This paper takes the manufacturing smes listed on the SME board from 2012 to 2022 as samples, constructs a fixed-effect model to verify the impact of digital transformation on the innovation of manufacturing smes, and uses the intermediary effect model to study the role of financing constraints of enterprises. The empirical results show that digital transformation has a significant positive effect on manufacturing innovation, and by reducing the financing constraints of smes in manufacturing, digital transformation can help stimulate their innovation potential. The research results provide valuable reference for promoting the long-term sustainable development of smes and promoting the digital transformation of enterprises.

Keywords: Digital transformation; Small and medium-sized manufacturing enterprises; Financing constraints; Enterprise innovation (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-702-1_4

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