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Digital transformation and export duration: Implications for firm financial performance

Author

Listed:
  • Xu, Xiaohui
  • Chen, Xiaoshi
  • Yang, Jun
  • Li, Qiuzhen

Abstract

This study explores the financial implications of digital transformation by examining its effect on export duration among Chinese listed firms. Drawing on heterogeneous firm trade theory, we argue that digital transformation enhances productivity and demand responsiveness, allowing firms to sustain longer export relationships and strengthen financial outcomes. Using firm-level panel data from A-share listed companies in China spanning 2007–2016, we employ a complementary log-log (clog-log) survival model to estimate the effect of digital transformation on export duration. The results indicate that digital transformation significantly extends export spells, particularly for large firms, technology-intensive industries, and firms in competitive markets. Further analysis reveals that prolonged export duration is positively associated with firm profitability, revenue growth, and financial stability. These findings underscore the strategic financial value of digital investments in enhancing export resilience and long-term performance in emerging markets.

Suggested Citation

  • Xu, Xiaohui & Chen, Xiaoshi & Yang, Jun & Li, Qiuzhen, 2025. "Digital transformation and export duration: Implications for firm financial performance," Pacific-Basin Finance Journal, Elsevier, vol. 92(C).
    • Handle: RePEc:eee:pacfin:v:92:y:2025:i:c:s0927538x25001179
    DOI: 10.1016/j.pacfin.2025.102780
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    More about this item

    Keywords

    Digital transformation; Export duration; Firm financial performance; China; Survival analysis;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • G30 - Financial Economics - - Corporate Finance and Governance - - - 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
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies

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