Digital Transformation and Total Factor Productivity of Enterprises

Abstract

Digital transformation is not only a necessary path to promote enterprise transformation and upgrading, but also one of the key paths to bridge the digital divide and achieve sustainable development. This article is based on the data of listed companies in coastal areas of China from 2011 to 2022, constructs a digital transformation index, and, on the basis of alleviating endogeneity issues, empirically finds that digital transformation has a significant positive impact on total factor productivity of enterprises through a series of robustness tests. Among them, digital transformation mainly promotes the improvement of total factor productivity through various means such as expanding the path of enterprise innovation and development, effectively constructing human capital structure, and enhancing resource allocation efficiency. The research conclusion of this article provides data support and analytical perspective for the productivity effect of digital transformation, and also provides policy reference for expanding new paths.