The Impacts of Digitalization on Firms’ High Quality Development
Authors: 
Minghui Han, Haifeng PangAuthors Info & Claims
Minghui Han, Haifeng PangAuthors Info & ClaimsPages 634 - 638
Abstract
Digital economy empowers enterprises with new development momentum, can it create economic benefits for enterprises?Taking Chinese listed companies as a sample, we collected and organized the annual reports by Python, and extracted the text content from them using Java PDFBox to form a data pool. Then, we searched, matched and counted word frequencies of the annual report texts by Python, and constructed indicators of digitization based on relevant keywords. Finally, the econometric model was used to study the economic benefits of digitization from the perspective of firms' total factor productivity(TFP). The study finds that digitization significantly promotes firms' TFP and empowers Chinese firms' high quality development (HQD). And the results remain robust after performing robustness tests and solving endogenous issues through methods such as the SYS—GMM and 2SLS model, providing valuable insights for the Chinese government to optimize digital economy policies.
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Published In
March 2024
676 pages
ISBN:9798400718212
DOI:10.1145/3672919
Copyright © 2024 ACM.
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Association for Computing Machinery
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Published: 24 July 2024
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CSAIDE 2024
CSAIDE 2024: 2024 3rd International Conference on Cyber Security, Artificial Intelligence and Digital Economy
March 1 - 3, 2024
Nanjing, China
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