The impact of digitalization on enterprise value creation: An empirical analysis of Chinese manufacturing enterprises
This study proposes a novel production function of digital empowerment. It constructs a theoretical framework to analyze the digital enabling process for enterprises from the production factor and economic activity aspects. It uses data mining technology to measure the degree of digitalization, extr...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-07-01
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| Series: | Journal of Innovation & Knowledge |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2444569X23000811 |
| _version_ | 1797824504860246016 |
|---|---|
| author | Fanlin Meng Wenping Wang |
| author_facet | Fanlin Meng Wenping Wang |
| author_sort | Fanlin Meng |
| collection | DOAJ |
| description | This study proposes a novel production function of digital empowerment. It constructs a theoretical framework to analyze the digital enabling process for enterprises from the production factor and economic activity aspects. It uses data mining technology to measure the degree of digitalization, extracts a typical relationship model between digitalization degree and enterprise performance, and digs out the association rules among traditional factors, digital factors, and economic activities under different relationship models. The results show that the digitalization degree and the digitalization enabling the level of mechanical and electronic enterprises are higher than those of light textile enterprises and resource-processing enterprises. The substitution elasticities and the association rules among factors and activities also have enterprise heterogeneity, which leads to differences in the digital transformation paths of different types of enterprises. |
| first_indexed | 2024-03-13T10:39:58Z |
| format | Article |
| id | doaj.art-4d4babb704b4428da5a6ae7c84b3898d |
| institution | Directory Open Access Journal |
| issn | 2444-569X |
| language | English |
| last_indexed | 2024-03-13T10:39:58Z |
| publishDate | 2023-07-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Innovation & Knowledge |
| spelling | doaj.art-4d4babb704b4428da5a6ae7c84b3898d2023-05-18T04:39:58ZengElsevierJournal of Innovation & Knowledge2444-569X2023-07-0183100385The impact of digitalization on enterprise value creation: An empirical analysis of Chinese manufacturing enterprisesFanlin Meng0Wenping Wang1College of Information and Management Science, Henan Agricultural University, Zhengzhou, 450046, ChinaSchool of Economics and Management, Southeast University, Nanjing, 211189, China; Corresponding author at: School of Economics and Management, Southeast University, Jiangning District, Nanjing City, 211189, Jiangsu Province, China.This study proposes a novel production function of digital empowerment. It constructs a theoretical framework to analyze the digital enabling process for enterprises from the production factor and economic activity aspects. It uses data mining technology to measure the degree of digitalization, extracts a typical relationship model between digitalization degree and enterprise performance, and digs out the association rules among traditional factors, digital factors, and economic activities under different relationship models. The results show that the digitalization degree and the digitalization enabling the level of mechanical and electronic enterprises are higher than those of light textile enterprises and resource-processing enterprises. The substitution elasticities and the association rules among factors and activities also have enterprise heterogeneity, which leads to differences in the digital transformation paths of different types of enterprises.http://www.sciencedirect.com/science/article/pii/S2444569X23000811Digital empowerment production functionSubstitution elasticityEnterprise performanceData mining technologyAssociation rules |
| spellingShingle | Fanlin Meng Wenping Wang The impact of digitalization on enterprise value creation: An empirical analysis of Chinese manufacturing enterprises Journal of Innovation & Knowledge Digital empowerment production function Substitution elasticity Enterprise performance Data mining technology Association rules |
| title | The impact of digitalization on enterprise value creation: An empirical analysis of Chinese manufacturing enterprises |
| title_full | The impact of digitalization on enterprise value creation: An empirical analysis of Chinese manufacturing enterprises |
| title_fullStr | The impact of digitalization on enterprise value creation: An empirical analysis of Chinese manufacturing enterprises |
| title_full_unstemmed | The impact of digitalization on enterprise value creation: An empirical analysis of Chinese manufacturing enterprises |
| title_short | The impact of digitalization on enterprise value creation: An empirical analysis of Chinese manufacturing enterprises |
| title_sort | impact of digitalization on enterprise value creation an empirical analysis of chinese manufacturing enterprises |
| topic | Digital empowerment production function Substitution elasticity Enterprise performance Data mining technology Association rules |
| url | http://www.sciencedirect.com/science/article/pii/S2444569X23000811 |
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