Enterprise Digital Transformation: The Engine of New Quality Productivity Growth

Jie Dong

doi:10.54097/hh8mwj67

Authors

Jie Dong

DOI:

https://doi.org/10.54097/hh8mwj67

Keywords:

Digital transformation, new quality productivity, innovation efficiency, information asymmetry.

Abstract

In the digital age, digitalization has become an important force driving economic growth and social progress. Under the guidance of new quality productivity, future economic and social development will pay more attention to the improvement of quality and efficiency, as well as the comprehensive development of people. This article is based on data from Chinese A-share listed companies from 2012 to 2022, and explores the impact and mechanism of digital transformation on new quality productivity. The results show that digital transformation can effectively improve new quality productivity, and the conclusion has withstood a series of robustness tests. In further mechanism analysis, it is understood that digital transformation enhances new quality productivity by improving enterprise innovation efficiency and reducing information asymmetry. In addition, heterogeneity testing found that the improvement effect of enterprise digital transformation on new quality productivity is more significant in state-owned enterprises with poor internal control, loose financing constraints, and property rights attributes, providing useful insights for improving new quality productivity.

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