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The impact of surging computing power on enterprise digital transformation–Based on quasi-natural experiments set up by the National Supercomputing Center

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  • Cheng, Hang
  • Ruan, Ping
  • Wang, Peng

Abstract

This paper meticulously scrutinize the ramifications of the surge in computing power on enterprises' digital transformation endeavors.Our investigation reveals that the surge in computing power has a profound and statistically robust influence on enhancing the extent of enterprise digital transformation. Our findings highlight two critical conduits for fostering enterprise digital transformation: augmenting R&D investments and magnifying the marginal returns on capital. The catalytic effect of the computing power surges on enterprise digital transformation primarily resonates with companies boasting a high level of trust from their shareholders and operating within traditional industries.

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  • Cheng, Hang & Ruan, Ping & Wang, Peng, 2024. "The impact of surging computing power on enterprise digital transformation–Based on quasi-natural experiments set up by the National Supercomputing Center," Finance Research Letters, Elsevier, vol. 65(C).
    • Handle: RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005269
    DOI: 10.1016/j.frl.2024.105496
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    Cited by:

    1. Zhang, Yuan & Li, Ying, 2025. "Enhancing innovation capabilities, digital management, and corporate competitiveness," Finance Research Letters, Elsevier, vol. 73(C).

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    More about this item

    Keywords

    Computing power; Enterprise digital transformation; National supercomputing center; R&d investment; Marginal return on capital;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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