Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

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An Empirical Analysis of Digital Transformation on Enterprise Innovation in China

Take Manufacturing as an Example

Authors
Houchu He1, *
1International Business Institute, Southwestern University of Finance and Economics, Chengdu, China
*Corresponding author. Email: 1722087064@qq.com
Corresponding Author
Houchu He
Available Online 14 December 2022.
DOI
10.2991/978-94-6463-054-1_24How to use a DOI?
Keywords
Digital transformation; Transformation of firms; Innovation; Empirical analysis; Administration
Abstract

The improvement of innovation ability is the key for enterprises to win in the market competition. Digital transformation and upgrading is a channel for enterprises to enhance their innovation capabilities. This approach can generate value by generating digitized information and knowledge. Therefore, digitalization is an important part of the current economic development. As a new economic form, the digital economy takes digital technology as the core driving force and promotes the digital transformation of the global economy. China attaches great importance to the development of the digital economy. General Secretary Xi Jinping has repeatedly emphasized that the digital economy must become a new driving force for China’s economic development. This article uses applied theory and empirical research methods and finds that digital transformation has a significant positive impact on corporate innovation, and can enhance the willingness and intensity of corporate innovation, especially in large enterprises or state-owned enterprises Furthermore, this effect is generated through intermediaries related to R&D expenses. Therefore, more enterprise value can be created.

Copyright
© 2023 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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Volume Title
Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
14 December 2022
ISBN
978-94-6463-054-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-054-1_24How to use a DOI?
Copyright
© 2023 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.

Cite this article

risenwbib
TY  - CONF
AU  - Houchu He
PY  - 2022
DA  - 2022/12/14
TI  - An Empirical Analysis of Digital Transformation on Enterprise Innovation in China
BT  - Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)
PB  - Atlantis Press
SP  - 210
EP  - 218
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-054-1_24
DO  - 10.2991/978-94-6463-054-1_24
ID  - He2022
ER  -