Digital transformation, risk-taking, and innovation: Evidence from data on listed enterprises in China

This study uses text mining technology to construct an index of digital transformation and discusses the impact of digital transformation on enterprise innovation and its mechanisms from theoretical and empirical perspectives. It also analyzes whether digital transformation can significantly enhance enterprises’ value through innovation. The findings are presented as follows: first, digital transformation has a positive and significant impact on enterprise innovation, and this finding holds true when we conduct robustness testing and endogeneity processing. Second, the influence of digital transformation on enterprise innovation varies significantly according to enterprise size, ownership, and industry. Third,…

• NN
  National Natural Science Foundation of China
• CP
  China Postdoctoral Science Foundation
• NO
  National Office for Philosophy and Social Sciences
• NS
  National Social Science Fund of China

  Awards: 21CJY008, 22AGL018, 20CJY017
• HA
  Humanities and Social Science Fund of Ministry of Education of China