Research on the Impact of Digital Transformation in Manufacturing on the Dual Innovation Capability of Enterprises

DOI: https://doi.org/10.62517/jmsd.202412510

Author(s)

Tingyu He*, Caiying Wu

Affiliation(s)

Liaoning University of Science and Technology, Anshan, Liaoning, China *Corresponding Author.

Abstract

Under the tide of the digital economy, the development of manufacturing enterprises towards digitalization and intelligence has become a new trend, as the core competitiveness that drives long-term development of enterprises, whether it can improve its capabilities through digital transformation remains to be studied. This article conducts a systematic analysis using various data from manufacturing companies listed on the A-share market from 2018 to 2023, in order to explore whether the digital transformation of manufacturing companies has an impact on their innovation capabilities. It mainly conducted benchmark regression testing, robustness testing, and heterogeneity analysis. The robustness testing used lagged variables and the Heckman two-stage method, while the heterogeneity testing classified based on regional characteristics. The empirical results indicate that the hypothesis is correct, and further analysis shows that the impact of digital transformation on dual innovation of enterprises is greater in the eastern region. Finally, we hope that this study can provide effective suggestions and relevant references for enterprises to enhance their dual innovation capabilities through digital transformation.

Keywords

Manufacturing Enterprises; Digital Transformation; Exploitative Innovation; Exploratory Innovation; Robustness Check

References

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