Research Article
Digital Transformation and Enterprise Technology Innovation
@INPROCEEDINGS{10.4108/eai.2-12-2022.2328703, author={Chengtao Zhang}, title={Digital Transformation and Enterprise Technology Innovation}, proceedings={Proceedings of the 3rd International Conference on Big Data Economy and Information Management, BDEIM 2022, December 2-3, 2022, Zhengzhou, China}, publisher={EAI}, proceedings_a={BDEIM}, year={2023}, month={6}, keywords={digital transformation; financing constraints; enterprise technology innovation}, doi={10.4108/eai.2-12-2022.2328703} }- Chengtao Zhang
Year: 2023
Digital Transformation and Enterprise Technology Innovation
BDEIM
EAI
DOI: 10.4108/eai.2-12-2022.2328703
Abstract
The 14th Five-Year Plan clearly points out the importance of accelerating China's digital development, and the economic consequences of digital transformation have gradually become the focus of academic attention, whether this can improve the level of techno-logical innovation in enterprises？This paper empirically examines the impact of digital transformation on enterprise technological innovation and its mechanism from the per-spective of enterprises, using data of all A-share listed enterprises in manufacturing in-dustry from 2010 to 2020. It is found that digital transformation significantly enhances the technological innovation level of Chinese manufacturing enterprises, and this finding still holds after a series of robustness and endogeneity tests. The mechanism analysis confirms that digital transformation alleviates the financing constraints of enterprises, which in turn promotes their technological innovation. Further study finds that the more competitive the product market is, the more obvious the promotion effect of digital transformation on enterprise technology innovation is. This paper reveals the mechanism by which digital transformation promotes enterprise technology innovation and extends the research related to digital transformation.