{"title":"数字化转型是否促进了企业创新？来自中国的证据","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":"{\"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}","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}
Has the digital transformation promoted enterprise innovation? Evidence from China
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.
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