Digital transformation and investment decisions: A corporate performance perspective

Shiguang Li (), Zheng Yang () and Yixiang Tian ()
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Shiguang Li: University of Electronic Science and Technology of China, School of Management and Economics
Zheng Yang: University of Electronic Science and Technology of China, School of Management and Economics
Yixiang Tian: University of Electronic Science and Technology of China, School of Management and Economics

A chapter in Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023), 2024, pp 146-153 from Springer

Abstract: Abstract This research aimed to investigate whether digital transformation affects firms’ investment decisions and the mediation effect of investment decisions between digital transformation and corporate performance. We divide the investment decisions into research and development (R&D) investment and financial investment. Our results conclude that digital transformation increases R&D investment and financial investment. However, the effects of R&D investment and financial investment on corporate performance are different. R&D investment improves corporate performance while the financial investment inhibits corporate performance. Our research provides more detailed guidance for enterprise digital transformation.

Keywords: Digital transformation; investment decision; corporate performance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-260-6_19

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DOI: 10.2991/978-94-6463-260-6_19

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