Analysis of the impact mechanism of digital transformation of enterprises-Based on the perspective of intergenerational inheritance of family enterprises and textual analysis method

Abstract

With the increasing development of digital economy, optimizing intergenerational inheritance and improving intergenerational mobility of family firms are crucial to the digital transformation of firms. This paper analyzes the word "digital" in the annual reports of A-share family firms in Shanghai and Shenzhen from 2009 to 2020, and assesses the extent and mechanism of the impact of intergenerational succession on the digital transformation of family firms. The study found that the intergenerational succession of overseas-trained successors can effectively promote the digital transformation of enterprises, improve the economic efficiency of enterprises, and facilitate the internal regulation and innovation of family enterprises at the level of "management perception". In particular, this influence can be heterogeneous depending on the size, equity concentration and life cycle of the company. Therefore, we should take into account the differentiated characteristics of the enterprises themselves, promote development through regulation, and play an active role in the digital transformation of enterprises through intergenerational inheritance.