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Digital transformation and total factor productivity

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  • Wang, Lan

Abstract

This study investigates the influence of digital transformation on total factor productivity of enterprises, along with the mechanisms driving this impact. The results suggest that innovation in digital technology can increase total factor productivity. Heterogeneity analysis reveals that this effect is particularly favorable in state-owned enterprises. Moreover, the study of mechanisms uncovers that digital transformation can enhance corporate innovation. Our findings provide timely policy implications for governments concerning digital transformation.

Suggested Citation

  • Wang, Lan, 2023. "Digital transformation and total factor productivity," Finance Research Letters, Elsevier, vol. 58(PA).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323007109
    DOI: 10.1016/j.frl.2023.104338
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    References listed on IDEAS

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    Cited by:

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    4. Wang, Pengmian & Zhao, Tao, 2024. "Impact of population aging on corporate digital transformation strategies: An empirical investigation based on population census data from various provinces in China," Finance Research Letters, Elsevier, vol. 67(PA).
    5. Zhang, Chaolin & Deng, Yongqi, 2024. "How does digital transformation affect firm technical efficiency? Evidence from China," Finance Research Letters, Elsevier, vol. 69(PA).
    6. Lv, Xuejing & Zhao, Bosi & Cheng, Defang & Xia, Chenyang, 2024. "Patent strategies in the digital revolution: How businesses use digital technology patents to optimize resource allocation efficiency," Finance Research Letters, Elsevier, vol. 67(PA).
    7. Teng, Yuqiang & Du, Anna Min & Lin, Boqiang, 2024. "The mechanism of supply chain efficiency in enterprise digital transformation and total factor productivity," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    8. Yujiao Bai & Hao Zhang, 2024. "Research on the impact of enterprise mergers and acquisitions on technological innovation: An empirical analysis based on listed Chinese enterprises," PLOS ONE, Public Library of Science, vol. 19(11), pages 1-24, November.
    9. Cai, Qihai & Jiang, Fangxin & Lei, Pengfei, 2024. "Evaluating the synergistic effects of the digital economy and carbon emission trade exchange on enterprise high-quality development," International Review of Economics & Finance, Elsevier, vol. 95(C).
    10. Ren, Yuheng & Zhang, Jue & Wang, Xin, 2024. "How does data factor utilization stimulate corporate total factor productivity: A discussion of the productivity paradox," International Review of Economics & Finance, Elsevier, vol. 96(PC).
    11. Wu, Haiyan & Qiao, Yuxuan & Luo, Chuxiang, 2024. "Cross-border e-commerce, trade digitisation and enterprise export resilience," Finance Research Letters, Elsevier, vol. 65(C).
    12. Xuefeng Shao & Longqi Wang & Xinda Li, 2024. "Financial asset allocations, economic policy uncertainty, and enterprise digital transformation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(4), pages 2613-2626, June.
    13. Jiang, Weijie & Li, Jiaye, 2024. "Digital transformation and its effect on resource allocation efficiency and productivity in Chinese corporations," Technology in Society, Elsevier, vol. 78(C).
    14. Yan Jiang & Lun Yang & Xiaokun Wei & Xiaodong Zhang, 2024. "The Impact of Government Digital Transformation on Land Use Efficiency: Evidence from China," Land, MDPI, vol. 13(12), pages 1-26, December.

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