Can Digital Transformation Promote the Enhancement of Corporate Value?

DOI

10.2991/978-94-6463-488-4_34How to use a DOI?

Keywords

Digital Transformation; Manufacturing Industry; Corporate Value

Abstract

In the era of the digital economy, digital transformation has become an inevitable choice for enterprises to adapt to new environments, address new challenges, and seize new opportunities. Empowering enterprises with digital technologies have become a typical feature of technological revolution. How companies benefit from digital transformation to enhance corporate value has become an increasingly important issue of concern in both academia and practice. Based on the measurement of enterprise digital transformation and corporate value, this study, leveraging the theories of value chain cost management and signal transmission, utilizes data from Chinese manufacturing A-share listed companies from 2015 to 2020 as samples. The aim is to deeply explore the intrinsic relationship between digital transformation and corporate value. Empirical results show that enterprise digital transformation significantly enhances the value of manufacturing enterprises. This study enriches the related research on digital transformation for manufacturing enterprises, not only contributing to an objective understanding of the impact of digital transformation on the development of manufacturing enterprises, but also providing important insights and empirical evidence for how manufacturing enterprises can seize the opportunities presented by digital transformation to enhance corporate value.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Li Xu
AU  - Songqiang Wu
PY  - 2024
DA  - 2024/08/29
TI  - Can Digital Transformation Promote the Enhancement of Corporate Value?
BT  - Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)
PB  - Atlantis Press
SP  - 305
EP  - 311
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-488-4_34
DO  - 10.2991/978-94-6463-488-4_34
ID  - Xu2024
ER  -