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Digital Transformation, Ambidextrous Innovation and Enterprise Value: Empirical Analysis Based on Listed Chinese Manufacturing Companies

Author

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  • Hedan Ma

    (School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China)

  • Xinliang Jia

    (School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China)

  • Xin Wang

    (School of Maritime Economics and Management, Dalian Maritime University, Dalian 116026, China)

Abstract

Text analysis was used in this study to construct the index of digital transformation degree in manufacturing enterprises. On this basis, an empirical test was conducted on the relationship between digital transformation, ambidextrous innovation, and enterprise value. The results show that: digital transformation has a significant positive impact on the enterprise value of manufacturing enterprises. Digital transformation can promote the rise of enterprise value through technological innovation, business model innovation, and their combination, where ambidextrous innovation plays a mediating role. For manufacturing enterprises, the impact of digital transformation on enterprise value has a single-threshold effect and a double-threshold effect, respectively, with technological innovation and business model innovation being the threshold variables. The synergy of technological innovation and business model innovation plays a stronger mediating role compared with a single innovation model. The conclusions of this study have certain theoretical and practical significance for systematically revealing the intermediate mechanism of digital transformation affecting enterprise value and then promoting manufacturing enterprises to make remarkable accomplishments in digital transformation.

Suggested Citation

  • Hedan Ma & Xinliang Jia & Xin Wang, 2022. "Digital Transformation, Ambidextrous Innovation and Enterprise Value: Empirical Analysis Based on Listed Chinese Manufacturing Companies," Sustainability, MDPI, vol. 14(15), pages 1-20, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:15:p:9482-:d:878482
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    References listed on IDEAS

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    Cited by:

    1. Dong Wang & Shengli Chen, 2022. "Digital Transformation and Enterprise Resilience: Evidence from China," Sustainability, MDPI, vol. 14(21), pages 1, October.
    2. Jiachao Peng & Hanfei Chen & Lei Jia & Shuke Fu & Jiali Tian, 2023. "Impact of Digital Industrialization on the Energy Industry Supply Chain: Evidence from the Natural Gas Industry in China," Energies, MDPI, vol. 16(4), pages 1-32, February.
    3. Debao Dai & Shengnan Han & Min Zhao & Jiaping Xie, 2023. "The Impact Mechanism of Digital Transformation on the Risk-Taking Level of Chinese Listed Companies," Sustainability, MDPI, vol. 15(3), pages 1-20, January.
    4. Guoen Xia & Zenghui Yu & Xuwu Peng, 2023. "How Does Enterprise Digital Transformation Affect Total Factor Productivity? Based on the Information Intermediary Role of Analysts’ Attention," Sustainability, MDPI, vol. 15(11), pages 1-22, May.

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