Digital business model innovation, operational efficiency, and corporate financial performance

IF 7.1 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2026-03-01 Epub Date: 2025-12-28 DOI:10.1016/j.frl.2025.109445

Meifang Yao, Shuangyuan Yang

引用次数: 0

Abstract

This paper focuses on A-share listed companies in China and systematically examines the relationship between digital business model innovation (DBMI), operational efficiency (OE), and corporate financial performance based on panel data from 2013 to 2023. The research findings indicate that DBMI significantly enhances corporate financial performance; OE plays a partial mediating role between DBMI and corporate financial performance; and there is significant heterogeneity in the mediating role of OE across companies with varying levels of digital infrastructure. The conclusion provides empirical evidence for enterprises to improve operational performance through digital transformation and offers references for policymakers to promote the deep integration of digital and real economies.

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数字商业模式创新、运营效率和企业财务绩效

本文以中国a股上市公司为研究对象，基于2013 - 2023年的面板数据，系统考察了数字商业模式创新（DBMI）、运营效率（OE）与企业财务绩效之间的关系。研究发现：DBMI显著提升了企业财务绩效；OE在DBMI与企业财务绩效之间起部分中介作用；在不同数字基础设施水平的企业中，OE的中介作用存在显著的异质性。研究结论为企业通过数字化转型提升经营绩效提供了实证依据，也为政策制定者推动数字经济与实体经济深度融合提供了参考。

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

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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