IDEAS home Printed from https://ideas.repec.org/a/gam/jmathe/v13y2025i5p815-d1602689.html
   My bibliography  Save this article

The Impact of Digital Transformation on High-Quality Development of Manufacturing Enterprises: An Integrated Perspective on Efficiency and Social Responsibility

Author

Listed:
  • Xing Liu

    (Dong Fureng Institute of Economic and Social Development, Wuhan University, Wuhan 430072, China)

  • Shaobo Hong

    (School of Statistics and Mathematics, Central University of Finance and Economics, Beijing 102206, China)

  • Zhi Su

    (School of Statistics and Mathematics, Central University of Finance and Economics, Beijing 102206, China)

  • Yuanren Zhou

    (School of Statistics and Mathematics, Central University of Finance and Economics, Beijing 102206, China)

Abstract

With the rise of a new wave of technological revolution and industrial transformation, digital technology has become a key force driving global economic and social development. Digital technology holds significant advantages in promoting industrial transformation and upgrading, as well as facilitating the high-quality development of manufacturing enterprises. This study selects 482 manufacturing enterprises in the Shanghai and Shenzhen A-share markets from 2010 to 2022 as samples and comprehensively measures the high-quality development level of enterprises from the two dimensions of production efficiency and social responsibility. Based on this, a two-way fixed effect model is used to test the impact of digital technology on the high-quality development of manufacturing enterprises. The results show that the digital transformation of manufacturing enterprises enhances their level of high-quality development by improving production efficiency and strengthening social responsibility. This conclusion remains robust after a series of robustness checks. The mechanism analysis reveals that digitalization influences the high-quality development of manufacturing enterprises by altering financing costs, innovation output, and human capital. The heterogeneity analysis indicates that this impact varies significantly across ownership types, industries, and regions. Therefore, further efforts should be made to promote the digital transformation of manufacturing enterprises, strengthen technological innovation, enhance talent cultivation, and promote industrial integration, thereby leveraging digital technology to significantly improve high-quality development levels.

Suggested Citation

  • Xing Liu & Shaobo Hong & Zhi Su & Yuanren Zhou, 2025. "The Impact of Digital Transformation on High-Quality Development of Manufacturing Enterprises: An Integrated Perspective on Efficiency and Social Responsibility," Mathematics, MDPI, vol. 13(5), pages 1-37, February.
    • Handle: RePEc:gam:jmathe:v:13:y:2025:i:5:p:815-:d:1602689
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7390/13/5/815/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7390/13/5/815/
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jmathe:v:13:y:2025:i:5:p:815-:d:1602689. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.