Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27–29, 2023, Tianjin, China

Research Article

Research on the Impact of Digital Transformation on Financial Performance of Chinese Listed Companies

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  • @INPROCEEDINGS{10.4108/eai.27-10-2023.2341990,
        author={Guangqiang  Han and Shixin  Tang},
        title={Research on the Impact of Digital Transformation on Financial Performance of Chinese Listed Companies},
        proceedings={Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27--29, 2023, Tianjin, China},
        publisher={EAI},
        proceedings_a={ICEMBDA},
        year={2024},
        month={1},
        keywords={digital transformation; financial performance; r\&d; mediating effects},
        doi={10.4108/eai.27-10-2023.2341990}
    }
    
  • Guangqiang Han
    Shixin Tang
    Year: 2024
    Research on the Impact of Digital Transformation on Financial Performance of Chinese Listed Companies
    ICEMBDA
    EAI
    DOI: 10.4108/eai.27-10-2023.2341990
Guangqiang Han1, Shixin Tang1,*
  • 1: The College of Economics Bohai University
*Contact email: 2442990143@qq.com

Abstract

Digital transformation, as a crucial part of enterprise renewal and transformation, is also a crucial step for enterprises to enhance their innovation capabilities and achieve high-quality development. The article selects the data of Chinese listed companies' Shanghai and Shenzhen A-shares from 2012 to 2022 as the sample, and adds intermediary variables such as cost, scale, and research and development to analyze the relevant impacts. Benchmark analysis shows that digital transformation still has a negative impact on the financial performance of enterprises, resulting in poor financial performance. Through the analysis of intermediary variables, it can be concluded that increasing the scale, investment, and cost of research and development still has a negative impact on the financial performance of enterprises, but it can reduce the negative impact of digital transformation on financial performance. The results of the argument were also verified in the robustness test. The results indicate that improving enterprise R&D capabilities, increasing R&D intensity, and increasing the degree of digital transformation are beneficial for promoting enterprise development and improving the financial situation in the long run.