The impact of digital transformation on firm productivity: From the perspective of sustainable development

被引：0
|
作者：
Song, Changhao [1 ]
Han, Minchun [1 ]
Yuan, Hankun [2 ]
机构：
[1] Huazhong Univ Sci & Technol, Sch Econ, Wuhan 430074, Peoples R China
[2] CPC Jiangsu Prov Comm, Party Sch, Dept World Econ & Polit, Nanjing 210009, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2025年 / 75卷
关键词：
Digital transformation; ESG performance; Total factor productivity; Fintech; PERFORMANCE; INNOVATION;
D O I：
10.1016/j.frl.2025.106912
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper analyzes the impact of enterprise digital transformation on total factor productivity and its mechanism at the theoretical level, and then uses the data of China's listed companies from 2010 to 2021 for empirical tests. The study shows that digital transformation significantly improves total factor productivity of enterprises, and the improvement effect is more obvious for non-state-owned enterprises, non-high-tech enterprises and enterprises in high-concentration industries. The mechanism test shows that improving firms' ESG performance to achieve sustainable development is an important path for digital transformation to increase total factor productivity. In addition, the development of regional Fintech will positively affect the improvement effects of digital transformation and ESG performance on total factor productivity.
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页数：10
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