Analysis of the Influencing Factors of Digital Transformation on Enterprise Innovation and Development

Li Lingyu

doi:10.30560/jems.v8n1p16

Li Lingyu School of Economics and Management, Chongqing Normal University, China

DOI: https://doi.org/10.30560/jems.v8n1p16

Keywords: digital transformation, technological innovation, high quality development

Abstract

Based on the data of Chinese listed companies from 2007 to 2022, this article deeply analyzes the catalytic effect of digital transformation on enterprise innovation and development. Research has found that digital transformation significantly promotes the improvement of enterprise innovation capabilities, and exhibits heterogeneity among different types of enterprises. After sufficient robustness testing, this conclusion still holds true; When financing constraints are high, the promotion effect of digital transformation on enterprise innovation is stronger, that is, digital transformation can effectively alleviate the financing constraints of enterprises and empower enterprise innovation; The level of human capital can positively regulate the promoting effect of digital transformation on the high-quality development of enterprises. This study not only enriches the theoretical framework of the relationship between digital transformation and enterprise innovation development, but also provides useful references and inspirations for enterprises to implement digital transformation and enhance innovation capabilities.

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