A stitch in time: Digital transformation, internal control and total factor productivity

IF 4.8 4区环境科学与生态学 Q2 ENVIRONMENTAL STUDIES

Chinese Journal of Population Resources and Environment Pub Date : 2025-09-01 DOI:10.1016/j.cjpre.2025.07.006

Ruiyang Gao , Bin Gu

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引用次数: 0

Abstract

Digital transformation provides enterprises with new development momenta. Understanding the relationship between digital transformation and total factor productivity (TFP) is essential. This study employs a fixed-effect model and selects all Chinese A-share listed companies from 2007 to 2022 as the research sample. Internal control (IC) is introduced as a mechanistic variable. The results indicate that digital transformation significantly promotes both TFP and the effectiveness of IC. Moreover, effective IC plays a significant mediating role in the relationship between digital transformation and TFP. A heterogeneity analysis reveals that, compared to non-state-owned enterprises, state-owned enterprises can improve TFP more rapidly through digital transformation due to their resource advantages and policy support. On the one hand, these findings help enterprises better align their transformation strategies to maximize the benefits of digital transformation. On the other hand, they provide investors with insights into the transformation potential and future growth prospects of these enterprises.

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及时一针：数字化转型、内部控制和全要素生产率

数字化转型为企业提供了新的发展动力。理解数字化转型与全要素生产率（TFP）之间的关系至关重要。本研究采用固定效应模型，选取2007 - 2022年中国所有a股上市公司作为研究样本。内部控制（IC）是作为一个机制变量引入的。研究结果表明，数字化转型对全要素生产率和集成电路效率均有显著的促进作用，有效集成电路在数字化转型与全要素生产率的关系中起着显著的中介作用。异质性分析表明，与非国有企业相比，国有企业由于其资源优势和政策支持，能够更快地通过数字化转型提高全要素生产率。一方面，这些发现有助于企业更好地调整其转型战略，以最大限度地发挥数字化转型的效益。另一方面，它们为投资者提供了洞察这些企业转型潜力和未来成长前景的视角。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Chinese Journal of Population Resources and Environment ENVIRONMENTAL STUDIES-

CiteScore

4.30

自引率

1.10%

发文量

791

审稿时长

79 days

期刊介绍： The Chinese Journal of Population, Resources and Environment (CJPRE) is a peer-reviewed international academic journal that publishes original research in the fields of economic, population, resource, and environment studies as they relate to sustainable development. The journal aims to address and evaluate theoretical frameworks, capability building initiatives, strategic goals, ethical values, empirical research, methodologies, and techniques in the field. CJPRE began publication in 1992 and is sponsored by the Chinese Society for Sustainable Development (CSSD), the Research Center for Sustainable Development of Shandong Province, the Administrative Center for China's Agenda 21 (ACCA21), and Shandong Normal University. The Chinese title of the journal was inscribed by the former Chinese leader, Mr. Deng Xiaoping. Initially focused on China's advances in sustainable development, CJPRE now also highlights global developments from both developed and developing countries.