{"title":"How does digital transformation affect firm technical efficiency? Evidence from China","authors":"","doi":"10.1016/j.frl.2024.106069","DOIUrl":null,"url":null,"abstract":"<div><p>This paper explores the effect of digital transformation on firm technical efficiency. The results show that digital transformation significantly promotes firm technical efficiency by enhancing firm technological progress, improving firm capital allocation efficiency, and optimizing firm human capital structure. In addition, the efficiency improvement effect of firm digital transformation is particularly pronounced in regions with advanced levels of digital economy or digital finance development. Consequently, this study extends the research on the economic effects of firm digital transformation and provides policy insights for governmental promotion of firm digital transformation initiatives.</p></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":null,"pages":null},"PeriodicalIF":7.4000,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612324010997","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This paper explores the effect of digital transformation on firm technical efficiency. The results show that digital transformation significantly promotes firm technical efficiency by enhancing firm technological progress, improving firm capital allocation efficiency, and optimizing firm human capital structure. In addition, the efficiency improvement effect of firm digital transformation is particularly pronounced in regions with advanced levels of digital economy or digital finance development. Consequently, this study extends the research on the economic effects of firm digital transformation and provides policy insights for governmental promotion of firm digital transformation initiatives.
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