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Cited by 745Digital Economy and TransformationDigital Innovation in IndustriesDigitalization and Economic Development in Agriculture

Can digital transformation promote enterprise performance? —From the perspective of public policy and innovation

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Peng, Yongzhang, Tao, Changqi·2022·Journal of Innovation & Knowledge
DOI 10.1016/j.jik.2022.100198
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Abstract

As a new enterprise development model, digitization is of great significance to the development of economy and society. Using the data of relevant listed companies from 2012 to 2020, the panel measurement model is used to investigate the relationship between digital transformation and enterprise performance to further reveal the internal law of whether digital transformation helps to stimulate innovation momentum. The results show that digital transformation has greatly improved the performance of enterprises, and it can stimulate the momentum of enterprise innovation. Reducing costs, increasing revenue, improving efficiency, and encouraging innovation are the main paths for digital transformation to enable the development of enterprises, among which the policy effect of enterprise innovation is the most significant. This research is of great significance to improve the user demand orientation of enterprise innovation and research and development, as well as to realize the high-quality innovation and development of enterprises.

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  • Digital policies can support the development of new business models that are more suited to the global economy.

    “Digital policies can create an environment that is conducive to the development of these new business models, encouraging businesses to engage in international trade (Peng & Tao, 2022).”

    From Digital Transformation in International Trade: Opportunities, Challenges, and Policy Implications (2025) · cites this paper as Peng & Tao, 2022

    The Literature review (page unavailable) links digital transformation to business-model innovation, and the section on different policy stages reports stronger enterprise innovation and performance during the digital-policy stage. The paper does not establish that digital policies foster business models suited to the global economy or encourage firms to engage in international trade; searches for international trade, exports, and globalization found no such passage. (LLM, conf=0.78)

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Cited by

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Authors
Peng, Y., & Tao, C.
Affiliations
  • East China University of Technology (CN)
  • Jiangxi University of Finance and Economics (CN)
Corresponding author
Peng, Yongzhang
ORCID
Tao, Changqi
Venue
Journal of Innovation & Knowledge
Publisher
Elsevier BV
Published
2022-07
Volume
7
Issue
3
Pages
100198
ISSN
2444-569X (ISSN-L)
DOI
10.1016/j.jik.2022.100198
OpenAlex
W4229442135
Cited by
745
References
1
Citations by year
2026: 104 · 2025: 239 · 2024: 244 · 2023: 129 · 2022: 29
FWCI
119.70
Type
journal article
Language
en
Open access
Licence
Locations
  • Journal of Innovation & Knowledge (publishedVersion, cc-by-nc-nd)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
  • Econstor (Econstor) (submittedVersion, cc-by-nc-nd)
Funders
  • Ministry of Education of the People's Republic of China
  • National Social Science Fund Youth Project (19CTJ012)
  • Major Program of National Fund of Philosophy and Social Science of China (19ZDA121)
  • Humanities and Social Science Fund of Ministry of Education of the People's Republic of China (21YJA790069)
  • National Natural Science Foundation of China (71773041, 71973055, 72163008)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Digital Economy and Transformation
  • Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Digital Innovation in Industries
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Digitalization and Economic Development in Agriculture
Keywords
digital transformation, firm performance, public policy, listed companies, cost reduction, sales growth, efficiency improvement

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