Enterprise digital transformation, financial information disclosure and innovation efficiency

This paper takes the data of 2114 listed enterprises in Shanghai and Shenzhen A-share markets from 2010 to 2022 as samples for empirical analysis. The results show that digital transformation of enterprises can effectively promote the growth of innovation efficiency of enterprises, and financial information disclosure plays an important intermediary role in the middle. In addition, when the industry competition is high and the marketization level of the region where the enterprise is located is low, the positive effect of digital transformation on the innovation efficiency of the enterprise is more and more significant.

Automated summary

This paper analyzes the impact of digital transformation on innovation efficiency using data from 2114 listed enterprises in Shanghai and Shenzhen A-share markets from 2010 to 2022. The findings indicate that digital transformation effectively promotes the growth of innovation efficiency, with financial information disclosure playing a crucial intermediary role. Furthermore, the positive effect of digital transformation on innovation efficiency becomes more significant in highly competitive industries and regions with low levels of marketization.