Research Article
The Multiple Impacts of Digital Transformation on Corporate Performance in Manufacturing Enterprises
@INPROCEEDINGS{10.4108/eai.1-9-2023.2338796, author={Lan Peng and Lu Wang}, title={The Multiple Impacts of Digital Transformation on Corporate Performance in Manufacturing Enterprises}, proceedings={Proceedings of the 2nd International Conference on Public Management, Digital Economy and Internet Technology, ICPDI 2023, September 1--3, 2023, Chongqing, China}, publisher={EAI}, proceedings_a={ICPDI}, year={2023}, month={11}, keywords={manufacturing ;digital transformation; enterprise performance; text mining}, doi={10.4108/eai.1-9-2023.2338796} }- Lan Peng
Lu Wang
Year: 2023
The Multiple Impacts of Digital Transformation on Corporate Performance in Manufacturing Enterprises
ICPDI
EAI
DOI: 10.4108/eai.1-9-2023.2338796
Abstract
Manufacturing is currently the main battlefield of industrial digitalisation in China, for manufacturing enterprises that are actively seeking digital transformation strategies to improve corporate performance. The article takes manufacturing enterprises undergoing digital transformation in China as the research object, based on the annual report information of Chinese manufacturing enterprises listed in 2017-2021, and systematically explores the impact of digital transformation on the performance of manufacturing enterprises through the methods of text mining and regression analysis. The results show that: digital transformation has a significant positive impact on enterprise performance and servitization level, the implementation of servitization strategy by enterprises helps to improve enterprise performance, the level of servitization has a partially mediating effect between digital transformation and enterprise performance, the government's active release of digitization policies reinforces the impact of enterprise performance brought by digital transformation, and corporate executives are affected by multiple contexts on enterprise performance in the context of digitization, and the study The results provide relevant recommendations for government digitalisation policy formulation and the transformation and upgrading of manufacturing enterprises.