Does digital transformation improve the operational efficiency of Chinese power enterprises?

Boqiang Lin () and Yongjing Xie

Utilities Policy, 2023, vol. 82, issue C

Abstract: With the ongoing reform of the electric power system, more and more power enterprises are adopting digital transformation (DT) as a key strategy to stay competitive in the market. This study aims to examine the potential impact of DT on the operational efficiency (OE) of power enterprises, as well as to investigate the underlying mechanisms, which have received limited attention in prior research. Our findings suggest that DT indirectly improves the OE of power enterprises by promoting innovation, enhancing capital utilization rates, and easing financial constraints. Additionally, DT plays a more significant role in improving OE in a fiercely competitive industry environment. Finally, large, state-owned, and growing power firms have benefited more from DT than other types of firms.

Keywords: Power enterprises; Digital transformation; Operational efficiency (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:82:y:2023:i:c:s0957178723000541

DOI: 10.1016/j.jup.2023.101542

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