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Does the Digital Transformation of Enterprises Promote Common Prosperity?

In: Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023)

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Listed:
  • Zhijie Zhang

    (Horticulture Major, College of Horticulture, Jilin Agricultural University)

Abstract

This study examines the relationship between corporate digital transformation and common prosperity, particularly at three different distributional stages. The results of the study show that digital transformation has a positive impact on the economic performance of companies at the stage of initial distribution, increasing the level of wages per capita and driving up the growth rate of employee compensation. This could be due to digital transformation improving productivity, innovation, and business process optimization. However, in the redistribution phase, the impact of digital transformation on taxation presents complexities. While digital transformation may have increased profitability, companies may also be able to reduce their tax burden through tax optimization strategies. In the third distribution stage, digital transformation may reduce firms' social donations, which may be related to the fact that firms are focusing more on internal investment and technological innovation in digital transformation. Overall, the contribution of digital transformation to common prosperity at different distributional stages presents complex implications that require additional research and policy interventions to ensure its positive contribution to common prosperity.

Suggested Citation

  • Zhijie Zhang, 2024. "Does the Digital Transformation of Enterprises Promote Common Prosperity?," Advances in Economics, Business and Management Research, in: Peng Dou & Keying Zhang (ed.), Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), pages 814-827, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-441-9_69
    DOI: 10.2991/978-94-6463-441-9_69
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