Research Article
Digital Technology Innovation, Digital Transformation and Enterprise Value
@INPROCEEDINGS{10.4108/eai.23-2-2024.2345909, author={Jing Wu and Tianyang Xu}, title={Digital Technology Innovation, Digital Transformation and Enterprise Value}, proceedings={Proceedings of the 4th International Conference on Informatization Economic Development and Management, IEDM 2024, February 23--25, 2024, Kuala Lumpur, Malaysia}, publisher={EAI}, proceedings_a={IEDM}, year={2024}, month={5}, keywords={digital technology innovation digital transformation enterprise value}, doi={10.4108/eai.23-2-2024.2345909} }- Jing Wu
Tianyang Xu
Year: 2024
Digital Technology Innovation, Digital Transformation and Enterprise Value
IEDM
EAI
DOI: 10.4108/eai.23-2-2024.2345909
Abstract
Under the background of digital economy, the acceleration of digital technology innovation has increasingly become the important forces to change the pattern of world competition, and the effect of digital technology innovation on enterprise value is also the focus of academic research. Basis on that, this paper takes China's A-share listed companies from 2011 to 2022 as the research object to explore the effect of digital technology innovation on enterprise value and the mediating role of digital transformation. The result indicates that digital technology innovation extremely enhances enterprise value. The mechanism test shows that digital technology innovation can enhance enterprise value through digital transformation. Heterogeneity analysis shows that among private, high-tech and small and medium-sized enterprises, digital technology innovation can better enhance enterprise value.