Has the digital transformation promoted enterprise innovation? Evidence from China

IF 1.6 Q3 BUSINESS

Transnational Corporations Review Pub Date : 2025-02-19 DOI:10.1016/j.tncr.2025.200109

Chunyuan Zhang , Guoda Gu , Huzhou Zhu , Lin Guo

{"title":"Has the digital transformation promoted enterprise innovation? Evidence from China","authors":"Chunyuan Zhang , Guoda Gu , Huzhou Zhu , Lin Guo","doi":"10.1016/j.tncr.2025.200109","DOIUrl":null,"url":null,"abstract":"<div><div>Based on data from Chinese A-share listed companies spanning 2003 to 2019, this paper empirically examines the impact and mechanism of the digital transformation on enterprise innovation. It is found that digital transformation has a significant positive effect on enterprise innovation. After a series of robustness and endogeneity checks, the conclusion of the study remains consistent. Heterogeneity analysis demonstrates a stronger promoting effect of digital transformation on the innovation of small-size enterprises, non-state-owned enterprises and long-duration enterprises. The results of mechanism test indicate that knowledge spillover effect and digital technology upgrading effect are the internal channels through which digital transformation promotes enterprise innovation. Further analysis reveals the existence of an industrial chain linkage of the enterprise digital transformation, indicating that the digital transformation of focus enterprises can spread along the industrial chain, thereby promoting innovation in both upstream and downstream enterprises.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"17 2","pages":"Article 200109"},"PeriodicalIF":1.6000,"publicationDate":"2025-02-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transnational Corporations Review","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1925209925000026","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

Based on data from Chinese A-share listed companies spanning 2003 to 2019, this paper empirically examines the impact and mechanism of the digital transformation on enterprise innovation. It is found that digital transformation has a significant positive effect on enterprise innovation. After a series of robustness and endogeneity checks, the conclusion of the study remains consistent. Heterogeneity analysis demonstrates a stronger promoting effect of digital transformation on the innovation of small-size enterprises, non-state-owned enterprises and long-duration enterprises. The results of mechanism test indicate that knowledge spillover effect and digital technology upgrading effect are the internal channels through which digital transformation promotes enterprise innovation. Further analysis reveals the existence of an industrial chain linkage of the enterprise digital transformation, indicating that the digital transformation of focus enterprises can spread along the industrial chain, thereby promoting innovation in both upstream and downstream enterprises.

查看原文本刊更多论文

数字化转型是否促进了企业创新？来自中国的证据

本文基于2003 - 2019年中国a股上市公司数据，实证研究了数字化转型对企业创新的影响及其机制。研究发现，数字化转型对企业创新具有显著的正向影响。经过一系列稳健性和内生性检验，研究结论保持一致。异质性分析表明，数字化转型对小型企业、非国有企业和长期企业的创新促进作用更强。机制检验结果表明，知识溢出效应和数字技术升级效应是数字化转型促进企业创新的内在渠道。进一步分析发现，企业数字化转型存在产业链联动，表明重点企业的数字化转型可以沿产业链扩散，从而促进上下游企业的创新。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Transnational Corporations Review BUSINESS-

CiteScore

5.20

自引率

5.70%

发文量