Digital Transformation Of Enterprises Research Articles

Can Green Fiscal Policies Drive the Digital Transformation of Enterprises?

Can Green Fiscal Policies Drive the Digital Transformation of Enterprises?

How the synergy of government intervention and digital transformation affects carbon emission: evidence from a quasi-natural experiment in China

ABSTRACT Digital transformation (DT), government intervention (GI) and carbon emissions (CE) have always been the focus of academic attention, and arguments on the relationship amongst them exist. This study seeks to introduce the degree of political connection and government subsidies (GS) as GI into the relationship between DT and CE at the micro-level and aims to provide a new perspective for resolving previous arguments. By using a difference-in-differences model, the impact of DT on reducing CE is measured by taking a sample of 3925 observations from listed enterprises in China and dividing them according to the following degrees of political connection: none, moderate and high. Results show that DT is effective in reducing CE. Additionally, DT of enterprises with moderate political connections has had the greatest effect on reducing CE, followed by the effect of enterprises with high political connections. The effect of enterprises with no political connections is insignificant. If enterprises with a moderate or no political connections gains more GS, then the negative impact of DT on CE will be stronger. This study provides new evidence that DT reduces CE at the micro-level and presents a new perspective on reaching a consensus by introducing GS and the degrees of political connection.

Digital transformation, environmental regulation and enterprises' ESG performance: Evidence from China

AbstractCompany's digital transformation and Environmental, social, and governance (ESG) performance are crucial for their development, but there is little literature that considers whether and how digital transformation improve ESG performance, the impact of environmental regulations is also easily overlooked, we attempt to fill this gap. Based on data related to Chinese listed enterprises from 2011 to 2020, we focus on the internal digital transformation of enterprises, analyze and empirically test the direct and mediating influence of digital transformation on enterprises' ESG performance, as well as the moderating effect of external environmental regulations. The results show that digital transformation improves ESG performance. Heterogeneity analysis found that digital transformation had different impacts on different dimensions of enterprise ESG performance. Further analysis indicates that enterprises' green innovation and labor demand play a mediating role in the relationship between enterprises' digital transformation and ESG performance. Regional formal environmental regulation and informal environmental regulation moderates the path of firms' digital transformation promoting green innovation level to enhance ESG performance. This paper provides micro evidence in China for exploring the improvement of enterprises' ESG performance and provides relevant ideas for understanding the effect of digital transformation.

Research on the Development Path of Industrial Internet Eco-Platform in the Context of China's Economic Digitization

The continuous innovation and promotion of digital technology represented by big data, cloud computing and artificial intelligence have accelerated the development of a new round of technological revolution. The new round of technological revolution presents intelligent and networked characteristics, digital economy and digital technology to empower China's economic form to digital transformation, giving rise to a number of new business forms, new models, and bringing new opportunities. However, China is still facing problems such as a large digital divide, digital security threats, difficulties in implementing digital taxes, serious non-tariff barriers, difficulties in the digital transformation of enterprises and a lack of digital talents. Therefore, relevant research on the connotation and characteristics of the digitalisation of China's economy should be strengthened to provide theoretical support for China's economic transformation and high-quality development.

Digital Transformation Analysis of Retail Enterprises: A Case Study of Tianhong

In the context of the digital economy, digital transformation is an inevitable trend for the future development of retail enterprises. Based on a case analysis of the digital transformation of Tianhong, this study presents a digital path for retail enterprises. Additionally, the study identified several general issues that retail enterprises encounter during digital transformation. These include a need for more clarity regarding the digital transformation strategy. This organizational structure needs to be aligned with the digital transformation, a shortage of digital talent, and the existence of short boards that oversee the digital transformation of enterprises. Based on this, and in conjunction with the case of the digital transformation of Tianhong, this study puts forward several recommendations for the digital transformation of retail enterprises. Firstly, enterprises should develop a clear digital transformation strategy. Secondly, they should speed up organizational change and reshape the corporate culture. Thirdly, they should strengthen the cultivation of composite talents. Fourthly, they should build a good team of digital talents. Finally, they should adhere to the nature of consumer-centric business.

Overseas Returnee Executives and Digital Transformation of Enterprises: From the Perspective of Executive Compensation Gap and Executive Overconfidence

This article selects panel data of A-share listed companies in Shanghai and Shenzhen from 2013 to 2022, uses a fixed effects model to study the relationship between overseas returnee executives and digital transformation of enterprises, and analyzes the moderating effects of executive compensation gap and executive overconfidence. The research results indicate that overseas returnee executives can significantly promote the digital transformation of enterprises; The salary gap and overconfidence of executives play a negative moderating role in the positive relationship between overseas returnees executives and digital transformation of enterprises; Heterogeneity analysis shows that overseas returnee executives have a greater impact on high-tech enterprises, low marketization areas, and enterprises in the eastern region than on non-high-tech enterprises, high marketization areas, and enterprises in the central and western regions. To better solve the problems of "not being able to transform", "unwilling to do", and "afraid to transform" in the process of enterprise digital transformation, firstly, it is necessary to effectively utilize the high-quality human resources of overseas returnee executives and provide them with reasonable care and support to better play their role; The second is to optimize the executive compensation structure and strengthen the correlation between compensation and performance; The third is to pay attention to leadership training and psychological counseling for executives, and ensure objective analysis and sufficient discussion in the decision-making process of digital transformation.

Stages of development of a methodological approach for assessing the effectiveness of digital transformation projects of an industrial enterprise

The relevance of the study is determined by the fact that the digital transformation of the enterprise becomes the cornerstone of the organization's success: enterprises use digital technologies to optimize production processes, logistics operations, improve product quality, customer service and develop digital innovation.The purpose of the study is to develop key stages of the formation of a methodological approach to assess the effectiveness of digital transformation projects of an industrial enterprise based on the determination of the main aspects of digital transformation of enterprises in terms of the formation of a new business model of the enterprise in a single information (digital) space.The objectives of the study are to analyze publications in terms of clarifying the term "digital transformation project of an industrial enterprise" and formulating the author's definition of "digital transformation project of an industrial enterprise" from the standpoint of developing the production and economic system; identification of distinctive features of IT projects and projects of digital transformation of an industrial enterprise; analysis of the tools for assessing management digital decisions; development of stages of methodological approach formation for evaluation of efficiency of digital transformation projects.Methodology. The following methods were used during the study: comparative analysis, observations, generalization, abstraction, modeling. In the course of scientific research, methods of deduction and induction, systemic and critical analysis were used.Results. As a result of the study, the authors formulated the definition of the definition "project of digital transformation of an industrial enterprise" from the standpoint of developing the production and economic system. Distinctive features of IT projects and digital transformation projects of an industrial enterprise have been identified. Based on the proposed structure of the methodological approach and the analysis of tools for assessing management digital decisions, the stages of forming a methodological approach for assessing the effectiveness of digital transformation projects of an industrial enterprise were developed.Conclusion. The authors conclude that the developed stages of forming a methodological approach to assess the effectiveness of digital transformation projects of an industrial enterprise will be useful for enterprise managers to ensure strategic competitive success and increase operational efficiency.

Tax incentives and corporate digital transformation: Evidence from China’s accelerated depreciation policy

Corporate digital transformation is a significant path for industrial upgrading and sustainable development. This study employs China’s accelerated depreciation (AD) policy as a quasi-natural experiment to explore the impacts of tax incentives on the digital transformation of enterprises. Using panel data of China’s listed companies from 2010 to 2019, we find that AD policy significantly promotes firms to engage in digitization practices through the channels of firm investment and firm innovation. We also find that the policy effects are more pronounced for firms with a higher level of digitization, firms with stronger financial constraints, non-state-owned enterprises, and firms located in East China. Moreover, we also present a positive relationship between digital transformation and firm performance. Our study supplements the literature on the determinants of digital transformation and provides insights into how tax policy shapes firms’ incentives to be more digitized.

Digital transformation and technology innovation: evidence from Chinese manufacturing listed enterprises

ABSTRACT The listed A-share manufacturing enterprises in China from 2010 to 2019 serve as the research samples in this study. Moreover, the influence mechanism and effect of digital transformation of enterprises on technology innovation are studied at the micro level. The digital transformation of enterprises can facilitate technology innovation, and this effect continues to be significant after a series of endogenous and robustness tests are performed, as indicated by the results of this study. For mechanism, digital transformation is capable of indirectly affecting technology innovation via three channels, including reducing costs, elevating the efficiency of human capital, and deepening R&D collaboration among enterprises. In-depth analysis suggests that the effect of digital transformation on technology innovation exhibits certain heterogeneity in the development level of regional digital economy and the capital intensity of enterprises. Furthermore, enterprises in areas with higher development level of digital economy and those exhibiting higher capital intensity better enjoy the stimulating effect of digital transformation on technology innovation.

Development of methods for assessing the digital maturity of business

The process of digital transformation is evident across all sectors of the Ukrainian economy. This underscores the importance of assessing the digital maturity of enterprises, particularly given regional differences, which has become a pressing issue during the full-scale invasion. The purpose of this study is to create an economic tool for assessing the digital maturity of organizations, taking into account the regional context. To achieve this goal, the following tasks were addressed: an analysis of theoretical approaches to the assessment of digital maturity was conducted, a system of indicators reflecting regional characteristics was identified, and an algorithm was developed to assess the digital maturity of organizations and interpret the results. The article proposes an economic tool for assessing the digital maturity of organizations that considers both internal and external factors using quantitative indicators. Internal digital maturity is assessed according to two groups of factors: scientific and technical, and production, while external digital maturity considers four regional aspects: human resources, financial resources, consumer demand, and infrastructure. Methods of data normalization are used for comparison, and the analytic hierarchy process (AHP) is applied to account for the importance of each factor. The assessment of digital maturity enables the identification of the development level, as well as weaknesses that require attention to enhance digital transformation. The results can be utilized to develop strategies for managing the digital transformation of enterprises and shaping regional policies.

How does digital transformation of enterprises drive green technology innovation? Empirical evidence from Chinese A-share listed firms

How does digital transformation of enterprises drive green technology innovation? Empirical evidence from Chinese A-share listed firms

Research on the Digital Transformation Process from Dependent to Self-Empowered Upgrading

In the face of many challenges in the digital era, how to accelerate the digital transformation of enterprises has become a topic of widespread concern in academia and industry. In the face of many challenges in the digital era, how to accelerate the digital transformation of enterprises has become a topic of widespread concern in academia and industry. Considering that the stage of this solution is to first rely on relevant enterprises to upgrade and build digital systems, and then cultivate their own digital capabilities, so as to complete the iteration of digital system capabilities and achieve continuous self-empowerment upgrades, it is named as the research on the process of upgrading from dependent to self-empowered to digital transformation.

The impact of digital transformation on enterprises' export stability: Evidence from listed companies in China

Enterprise export stability is crucial to the stable growth of enterprise exports. The digital transformation of enterprises has become an important driver for promoting high-quality enterprise development with the development of digital technology. This paper examines the impact of digital transformation on enterprises' export stability and explores its intrinsic influence mechanism from the aspects of export product stability and export market stability using the sample data of Chinese listed companies from 2001 to 2016. Heterogeneity analysis indicates that digital transformation has a more significant impact on promoting the export stability of foreign-funded enterprises, private enterprises, labor-intensive enterprises, and enterprises in the central and western regions than state-owned enterprises, technology-intensive, capital-intensive enterprises, and enterprises in the eastern region. The mechanism analysis shows that enterprise technological innovation, enterprise total factor productivity, and enterprise export diversification level are important influence mechanisms of digital transformation on enterprises' export stability. The findings from the moderating effect analysis reveal that the government values the advancement of sports enterprises and can positively modulate the effects of digital transformation on enterprises' export stability.

Academic background of senior executives and enterprise digital transformation

With the application of digital technology and its promotion of business model innovation, digital transformation has increasingly become an important strategic issue for enterprises. In this context, based on imprinting theory, we select all A-share listed enterprises in China from 2008 to 2022 as samples and study the relationship between the academic background of senior executives and the digital transformation of enterprises. The study results show that senior executives with academic backgrounds can significantly promote the digital transformation of enterprises. A test of the action mechanism shows that the academic background of senior executives plays a role in the promotion of the digital transformation of enterprises by improving enterprise innovation, and the degree of industry competition moderates the relationship between the academic background of senior executives and the digital transformation of enterprises. This paper applies imprint theory to explore the relationship between the academic background of executives and corporate digital transformation, expanding the research on how imprints affect corporate decision-making and the scope of imprint theory research, while also providing evidence to support government departments in formulating policies to encourage talented individuals with academic backgrounds to participate in corporate management.

How does the Chinese digital transformation of enterprises affect the auditor switch?

The digital transformation of enterprises has brought great changes to the audit service demand of enterprises and the audit service supply of auditors. Therefore, there is a pressing need to study the digital transformation of enterprises and its impact on auditor switch. This paper aims to explore the influence of enterprise digital transformation on auditor switch and its potential implications for improving auditor efficiency. Using Python's machine learning tools and text analysis methods, This paper measure the digital transformation of Chinese listed companies and study the impact of digital transformation on the frequency of auditors witches. Our findings suggest that companies that have undergone digital transformation have reduced the frequency of changing auditors by alleviating information asymmetry, enhancing the effectiveness of companies' internal controls and increasing audit fees. This unique measurement mode of digital transformation provides new evidence for the relationship between the audit service demand of enterprises and the audit service supply of auditors under the digital transformation environment. The research can assist businesses in understanding how digital transformation affects auditing professionally and in improving their audit processes accordingly.

Strategies for Improving Financial Professional Ability in the Digital Age

The purpose of this paper is to explore the career development and ability training strategies of financial professionals in the digital age. With the rapid development of digital technology, the financial field is facing unprecedented challenges and opportunities. This paper analyzes the influence of digitalization on financial professionals, analyzes the current professional development status of financial professionals, focuses on determining the core competencies required by financial professionals in the digital era, such as technical skills, data analysis and communication and cooperation, and discusses the corresponding ability training strategies[1]. At the same time, it also studies the changes in the roles and responsibilities of financial professionals brought about by the digital transformation of enterprises, with a view to providing useful reference for related work.

Digital transformation of enterprises: Job creation or job destruction?

In recent years, the technological advancements embodied by digital technology have received significant attention from policymakers and researchers because of their profound impacts on the economy and society. In particular, the relationship between digital technology and employment continues to be a subject of considerable debate. This article focuses on the microperspective, and the causal effects and mechanisms of corporate digital transformation on labour employment are examined. With the use of data on Chinese A-share manufacturing companies from 2008– to 2019, text analysis is employed in this study to construct a comprehensive index of corporate digital transformation. We utilise a combination of fixed effects models, difference-in-differences (DiD) models, and instrumental variable methods and demonstrate that digital transformation stimulates enterprise labour demand, a conclusion that remains valid after multiple endogeneity tests and robustness assessments. The heterogeneous results indicate that nonstate-owned enterprises (non-SOEs), nonhigh-tech enterprises, enterprises with low financing constraints, and small enterprises exhibit greater employment creation effects through digital transformation. Mechanistic analysis suggests that digital transformation increases enterprise employment by increasing operational and management efficiency, profitability, and labour productivity levels. Further exploration reveals that digital transformation increases the demand for labour with varying skills and human capital upgrading in enterprises. This article, through the lens of digital technology, enriches the body of research on the nexus between technological progress and employment, provides novel insights into employment fluctuations under the digital paradigm, and outlines significant implications for countries balancing digital economy development, employment growth, and social stability.

THE DIGITAL ENTERPRISE LANDSCAP: HOW DESI METRICS SHAPE ECONOMIC GROWTH IN THE EU

The European Union’s (EU) economic growth is increasingly driven by digitalization across all areas, including the digital transformation of businesses. This paper explores how the digital transformation of enterprises could influence economic growth in the EU by analyzing data from the Digital Economy and Society Index (DESI) and economic metrics from Eurostat for the post-pandemic period (2021-2022). This paper uses econometric techniques like Panel Corrected Standard Errors (PCSEs) and Robust Regression with Huber Iteration (RRHI) to investigate the cause-and-effect relationships between digitalization and economic factors such as GDP growth rate and real GDP per capita growth. The results show that different digital strategies have varying effects on economic performance. The paper also emphasizes the critical role of real labor productivity in connecting digital transformation with economic performance. The implications of this paper highlight the need for nuanced policy strategies that foster digital skills, improve technological infrastructure and support the Small and Medium Enterprises (SMEs) in their digitalization efforts in order to achieve the ambitious objectives of the EUs Digital Decade. The results also propose a strategic focus on specific technologies that offer immediate economic advantages and enable a stronger incorporation of digital progress across various business operations in the member states.

What is the role of cross-ownership in corporate digital innovation: “stepping stone” or “hindrance”?

PurposeThe purpose of this study is to examine the impact of cross-ownership on corporate digital innovation and their specific mechanisms. Cross-ownership, who hold equity in two or more companies simultaneously, have two different types of governance effects in the capital market: governance synergistic effects and competitive collusion effects.Design/methodology/approachThis paper uses a panel model, selecting A-share company data from 2011 to 2021 in China. In total, 23,853 valid data were obtained, which came from the CSMAR database and Wind database. For some missing data, they were manually supplemented by consulting the company's annual report and Sina Finance. Data processing was conducted using EXCEL and Stata16.0 software.FindingsThe results show that cross-ownership promote corporate digital innovation by leveraging governance synergies. Further grouping tests show that the synergistic effects of cross-ownership are significant in non-state-owned, high-tech, weakly competitive and higher analyst attention enterprises. Mechanism testing shows that cross-ownership can empower corporate digital innovation in three ways: reducing information asymmetry, alleviating financing constraints and improving corporate governance.Originality/valueThe conclusion of this paper provides new empirical evidence for a comprehensive understanding of the role of cross-ownership in corporate development, enriches the economic consequences research of chain institutional investors in China and broadens the research perspective of corporate digital innovation. It also provides important references for the digital transformation of enterprises and the healthy development of the capital market.

Digital Transformation of Enterprises to Enhance Sustainability: How Does the Reputation of Digital Applications Influence the Attributes of E-Commerce

Driven by the increase in mobile applications, this study tests a conceptual model which links antecedents of Food delivery applications (FDApps) and their effect on electronic trust (eTrust) and electronic loyalty (eLoyal). By adopting a quantitative approach, we employed a self-administered questionnaire distributed among 501 regular users of FDApps. Partial least squares path modeling was used to test seven hypotheses including direct, moderating, and mediating effects. The findings reveal that eTrust significantly contributes to fostering eLoyal. Additionally, eTrust mediates the relationships between electronic privacy (ePriv), electronic security (eSec), electronic payment (ePay), usability (ULY), electronic innovativeness (eInnov), and eLoyal. Moreover, reputation (RTN) has a positive moderating effect on the relationship between eTrust and eLoyal. The research explores the core elements linked to FDApps, with the goal of improving their business and marketing strategies while increasing consumer satisfaction, thereby boosting repurchase intentions. Therefore, it provides FDApps with insights on the required elements linked to a higher eLoyal.