Can Digital Transformation Promote the Enhancement of Corporate Value?

Li Xu () and Songqiang Wu ()
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Li Xu: Nanjing University of Technology, School of Economics and Management
Songqiang Wu: Nanjing University of Technology, School of Economics and Management

A chapter in Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), 2024, pp 305-311 from Springer

Abstract: Abstract In the era of the digital economy, digital transformation has become an inevitable choice for enterprises to adapt to new environments, address new challenges, and seize new opportunities. Empowering enterprises with digital technologies have become a typical feature of technological revolution. How companies benefit from digital transformation to enhance corporate value has become an increasingly important issue of concern in both academia and practice. Based on the measurement of enterprise digital transformation and corporate value, this study, leveraging the theories of value chain cost management and signal transmission, utilizes data from Chinese manufacturing A-share listed companies from 2015 to 2020 as samples. The aim is to deeply explore the intrinsic relationship between digital transformation and corporate value. Empirical results show that enterprise digital transformation significantly enhances the value of manufacturing enterprises. This study enriches the related research on digital transformation for manufacturing enterprises, not only contributing to an objective understanding of the impact of digital transformation on the development of manufacturing enterprises, but also providing important insights and empirical evidence for how manufacturing enterprises can seize the opportunities presented by digital transformation to enhance corporate value.

Keywords: Digital Transformation; Manufacturing Industry; Corporate Value (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-488-4_34

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