The Impact Mechanism of Digital Transformation on Firm Investment Efficiency

Daheng Zhong ()
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Daheng Zhong: Shantou Polytechnic, College of Finance and Business

A chapter in Proceedings of the 2026 3rd International Conference on Applied Economics, Management Science and Social Development (AEMSS 2026), 2026, pp 204-218 from Springer

Abstract: Abstract How does the digital economy help the economy grow? Company can through digitalization better use own resource. Further, this help them more have competitive. This paper aim to look at digital change and invest efficiency between relation. We choose 2015 to 2024 year China A-share list company. We further look at digital change how affect invest efficiency. Result show, digital change big reduce wrong invest, this turn over improve all level invest efficiency. Our results are robust after controlling for other factors and sensitivity tests. Furthermore, we further explore how digital changes reduce bad investments. Better tech skills are the main way that digital changes improve investment efficiency. It reduces bad investment through better innovation and risks identification. We further explore different types of companies. The relationship between digital changes and ownership type reduces by different types of ownership. The positive effect is stronger in private company type. Furthermore, the relationship between digital changes and investment efficiency is more significant in large companies. Meanwhile, the relationship in eastern region companies is more significant. Because of their resources and environment, companies in eastern regions can see clearer benefits. The study provides important suggestions for improving digital plans. It further provides a basis for better investment decision-making and government policies.

Keywords: Digital transformation; Investment efficiency; Tech skills; Ownership type (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-672-2_20

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DOI: 10.2991/978-94-6239-672-2_20

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