Research Article
Digital Transformation and Firm Innovation Quality A Text-Based Analysis of Annual Reports
@INPROCEEDINGS{10.4108/eai.28-10-2022.2328421, author={Youhua Li and Yongjuan Zhu and Qiyuan Wu and Ye Miao}, title={Digital Transformation and Firm Innovation Quality A Text-Based Analysis of Annual Reports}, proceedings={Proceedings of the International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2022, October 28-30, 2022, Shenzhen, China}, publisher={EAI}, proceedings_a={FFIT}, year={2023}, month={4}, keywords={digital transformation; innovation; subsides}, doi={10.4108/eai.28-10-2022.2328421} }- Youhua Li
Yongjuan Zhu
Qiyuan Wu
Ye Miao
Year: 2023
Digital Transformation and Firm Innovation Quality A Text-Based Analysis of Annual Reports
FFIT
EAI
DOI: 10.4108/eai.28-10-2022.2328421
Abstract
Digital transformation has become an important path for enterprises to obtain competitive advantage and realize differentiation. This paper examines the impact of digital transformation on enterprise innovation investment and innovation quality, based on the 2009-2017 data set of A-share listed companies in China. Using a new text-based analysis of annual reports to measure digital transformation at the firm level. This study contributes to the developing literature on enterprise digital transformation by providing empirical evidence of enterprise digitization and innovation quality in China's new era. The results show that digital transformation can significantly improve the quality of enterprise innovation. Meanwhile, government subsidies have a positive regulatory effect on the relationship between digital transformation and enterprise innovation, which further reveals the policy effect of strengthening the construction of the digital economy and promoting its integration and development with the real economy