The impact of surging computing power on enterprise digital transformation–Based on quasi-natural experiments set up by the National Supercomputing Center

Hang Cheng, Ping Ruan and Peng Wang

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This paper meticulously scrutinize the ramifications of the surge in computing power on enterprises' digital transformation endeavors.Our investigation reveals that the surge in computing power has a profound and statistically robust influence on enhancing the extent of enterprise digital transformation. Our findings highlight two critical conduits for fostering enterprise digital transformation: augmenting R&D investments and magnifying the marginal returns on capital. The catalytic effect of the computing power surges on enterprise digital transformation primarily resonates with companies boasting a high level of trust from their shareholders and operating within traditional industries.

Keywords: Computing power; Enterprise digital transformation; National supercomputing center; R&d investment; Marginal return on capital (search for similar items in EconPapers)
JEL-codes: D21 M20 O33 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005269

DOI: 10.1016/j.frl.2024.105496

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