Digital Government, New Quality Productive Forces and High-quality Development of State-owned Enterprises: Evidence from Listed Companies in China

Abstract

The establishment of digital government aligns closely with enterprises' need for open and transparent data, providing new opportunities for technological revolution and industrial transformation of state-owned enterprises. This research confirms the positive impact of digital government on the high-quality development of state-owned enterprises, based on reliable data from A-share listed state-owned enterprises. And the more advanced the level of high-quality productive forces is, the more prominent their link becomes. The depletion of major shareholders, investment in enterprise innovation, and the business environment act as intermediaries. The study suggests that state-owned enterprises should leverage information transparency opportunities through digital government initiatives. This entails improving corporate governance practices and utilizing information strengths to increase investments in innovative research, to promote high-quality development.