Research on the Impact Mechanism of Enterprise Digital Transformation on Enterprise Value Based on Data from Guangdong Province

DOI

10.2991/978-94-6463-552-2_6How to use a DOI?

Keywords

digital transformation; enterprise value; fixed effects model; heterogeneity analysis

Abstract

Enterprise digital transformation can benefit enterprises to enhance their competitive strength and is an important driving force for high-quality development. As a highly active region in terms of science and technology factors, digital transformation in Guangdong Province has become an important driving force and direction for the province’s economic development. By collecting relevant data from 338 listed companies in Guangdong Province from 2017 to 2022 and using empirical analysis, this paper finds that Enterprise Digital Transformation Can Significantly Increase Enterprise Value, and finds that digital transformation has a more obvious enterprise value enhancement effect on non-state-owned enterprises, high-tech enterprises, and enterprises in the Pearl River Delta (PRD) region, and that, after adding the moderating variable financing constraints, the After adding the moderator variable financing constraints, it is found that financing constraints can weaken this enhancement relationship, and it is also found that the digital transformation of enterprises can improve the level of R&D and innovation and operational efficiency of enterprises, thus promoting the enhancement of enterprise value, based on which this paper puts forward suggestions to help promote the digital transformation of enterprises and boost enterprises to achieve a higher-quality development.

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  - Mingzhu Luo
AU  - Bei Xie
PY  - 2024
DA  - 2024/10/27
TI  - Research on the Impact Mechanism of Enterprise Digital Transformation on Enterprise Value Based on Data from Guangdong Province
BT  - Proceedings of the 4th International Conference on Management Science and Software Engineering (ICMSSE 2024)
PB  - Atlantis Press
SP  - 55
EP  - 66
SN  - 2352-5401
UR  - https://doi.org/10.2991/978-94-6463-552-2_6
DO  - 10.2991/978-94-6463-552-2_6
ID  - Luo2024
ER  -