The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model
Digital transformation of enterprises is not only a choice to comply with the economic development trend, but also the use of digital technology to reduce costs and increase efficiency is a necessary path for enterprise development. Under the TOE framework, this paper takes digital technology, enter...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2023/12/shsconf_icssed2023_01029.pdf |
| _version_ | 1797835246841888768 |
|---|---|
| author | Mengke Zhang Yan Huang Yuan Bao Yifan Jin |
| author_facet | Mengke Zhang Yan Huang Yuan Bao Yifan Jin |
| author_sort | Mengke Zhang |
| collection | DOAJ |
| description | Digital transformation of enterprises is not only a choice to comply with the economic development trend, but also the use of digital technology to reduce costs and increase efficiency is a necessary path for enterprise development. Under the TOE framework, this paper takes digital technology, enterprise digital transformation and digital economy development level as the main variables. By constructing a PVAR model to incorporate the three into the same analytical framework, the dynamic interrelationship and the degree of influence between the three in the time series are empirically examined. The research results show that (1) digital technology, digital transformation of enterprises and the level of digital economy development are causally related to each other and have a mutually reinforcing influence. (2) There are inertia development and self-reinforcement mechanisms among the three variables. (3) Although the interaction among the three variables gradually decreases and tends to zero over time, it still has a strong lag. The research results enrich the dynamic relationship between digital technology, enterprise digital transformation and digital economy development, and provide strategic references for enterprise transformation and upgrading. |
| first_indexed | 2024-04-09T14:50:02Z |
| format | Article |
| id | doaj.art-82090180c00240b696878fb45846288f |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-04-09T14:50:02Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-82090180c00240b696878fb45846288f2023-05-02T09:41:55ZengEDP SciencesSHS Web of Conferences2261-24242023-01-011630102910.1051/shsconf/202316301029shsconf_icssed2023_01029The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR ModelMengke Zhang0Yan Huang1Yuan Bao2Yifan Jin3School of Management, Beijing Union UniversitySchool of Management, Beijing Union UniversitySchool of Management, Beijing Union UniversitySchool of Management, Beijing Union UniversityDigital transformation of enterprises is not only a choice to comply with the economic development trend, but also the use of digital technology to reduce costs and increase efficiency is a necessary path for enterprise development. Under the TOE framework, this paper takes digital technology, enterprise digital transformation and digital economy development level as the main variables. By constructing a PVAR model to incorporate the three into the same analytical framework, the dynamic interrelationship and the degree of influence between the three in the time series are empirically examined. The research results show that (1) digital technology, digital transformation of enterprises and the level of digital economy development are causally related to each other and have a mutually reinforcing influence. (2) There are inertia development and self-reinforcement mechanisms among the three variables. (3) Although the interaction among the three variables gradually decreases and tends to zero over time, it still has a strong lag. The research results enrich the dynamic relationship between digital technology, enterprise digital transformation and digital economy development, and provide strategic references for enterprise transformation and upgrading.https://www.shs-conferences.org/articles/shsconf/pdf/2023/12/shsconf_icssed2023_01029.pdf |
| spellingShingle | Mengke Zhang Yan Huang Yuan Bao Yifan Jin The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model SHS Web of Conferences |
| title | The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model |
| title_full | The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model |
| title_fullStr | The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model |
| title_full_unstemmed | The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model |
| title_short | The Virtuous Cycle between Digital Technology, Enterprise Digital Transformation and Digital Economy Development -- A Study of the Dynamic Relationship Based on the PVAR Model |
| title_sort | virtuous cycle between digital technology enterprise digital transformation and digital economy development a study of the dynamic relationship based on the pvar model |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2023/12/shsconf_icssed2023_01029.pdf |
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