Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)

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The Impact of Digital Transformation on the Total Factor Productivity of Manufacturing Firms: The Mediating Effect of Dynamic Capabilities

Authors
Diandong Zhang1, Sheng Zhao1, *
1School of Management, Zhengzhou University, Zhengzhou, 450001, China
*Corresponding author. Email: zhao@zzu.edu.cn
Corresponding Author
Sheng Zhao
Available Online 22 November 2024.
DOI
10.2991/978-94-6463-570-6_141How to use a DOI?
Keywords
Digital transformation; Manufacturing firms; Dynamic capabilities; Total factor productivity; Empirical research
Abstract

The 14th Five-Year Plan for the Development of the Digital Economy issued by the China State Council emphasizes the importance of digital transformation in improving total factor productivity and promoting high-quality economic development. An empirical investigation of how digital transformation affects the total factor productivity of manufacturing firms can help provide motivation and guidance for their digital transformation. The paper selects the manufacturing firms listed on China’s A-share market from 2015 to 2022 as the research sample, and constructs a two-way fixed-effects model for empirical testing, which shows that digital transformation plays a significant role in boosting the total factor productivity of manufacturing firms, and dynamic capabilities play a partly mediating role in it. The effect of digital transformation on total factor productivity also shows differences in firms with different sizes and holding nature. The study helps manufacturing firms recognize the advantages of digital transformation and provides informative management recommendations for the government on how to promote digital transformation in different types of manufacturing firms.

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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Volume Title
Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
22 November 2024
ISBN
978-94-6463-570-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-570-6_141How to use a DOI?
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.

Cite this article

risenwbib
TY  - CONF
AU  - Diandong Zhang
AU  - Sheng Zhao
PY  - 2024
DA  - 2024/11/22
TI  - The Impact of Digital Transformation on the Total Factor Productivity of Manufacturing Firms: The Mediating Effect of Dynamic Capabilities
BT  - Proceedings of the 2024 5th International Conference on Management Science and Engineering Management (ICMSEM 2024)
PB  - Atlantis Press
SP  - 1398
EP  - 1409
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-570-6_141
DO  - 10.2991/978-94-6463-570-6_141
ID  - Zhang2024
ER  -