Abstract
The paper investigates the impact of
digital transformation on the performance of automobile manufacturing
enterprises in China based on the sample data of 66 listed enterprises from
2012 to 2022, finding that digital transformation can improve the performance
of automobile manufacturing enterprises and the improvement is long-term.
Mechanism analysis shows that improving the human capital level of enterprises
is an important path for digital transformation to promote enterprise
performance. Moderating effect analysis shows that enterprise capacity has a
significant moderating effect. Specifically, weaker business capacity
undermines the positive effect of digital transformation on the performance of
enterprises, and stronger development capacity plays a positive moderating role
in the impact of digital transformation on the performance of enterprises.
Heterogeneity analysis reveals that digital transformation has a more
significant positive impact on the performance of non-state, small and
medium-sized, and eastern automobile manufacturing enterprises. Based on the
research conclusions, targeted policy recommendations are put forward to
provide a reference for promoting digital transformation and the performance of
automobile manufacturing enterprises.
JEL classification numbers: C12, M21.
Keywords: Digital Transformation,
Automobile Manufacturing, Enterprise Performance.