The impact of digital transformation on firm productivity: From the perspective of sustainable development

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-04-01 Epub Date: 2025-02-14 DOI:10.1016/j.frl.2025.106912

Changhao Song , Minchun Han , Hankun Yuan

引用次数: 0

Abstract

This paper analyzes the impact of enterprise digital transformation on total factor productivity and its mechanism at the theoretical level, and then uses the data of China's listed companies from 2010 to 2021 for empirical tests. The study shows that digital transformation significantly improves total factor productivity of enterprises, and the improvement effect is more obvious for non-state-owned enterprises, non-high-tech enterprises and enterprises in high-concentration industries. The mechanism test shows that improving firms’ ESG performance to achieve sustainable development is an important path for digital transformation to increase total factor productivity. In addition, the development of regional Fintech will positively affect the improvement effects of digital transformation and ESG performance on total factor productivity.

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数字化转型对企业生产力的影响：基于可持续发展的视角

本文从理论层面分析了企业数字化转型对全要素生产率的影响及其作用机制，并利用2010 - 2021年中国上市公司数据进行实证检验。研究表明，数字化转型显著提高了企业全要素生产率，且对非国有企业、非高新技术企业和高集中度行业企业的提升效果更为明显。机制检验表明，提高企业ESG绩效以实现可持续发展是数字化转型提高全要素生产率的重要途径。此外，区域金融科技的发展会对数字化转型和ESG绩效对全要素生产率的提升效果产生正向影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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