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.
Cite this article
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 -