The Impact Mechanism of Digital Transformation on Firm Investment Efficiency

DOI

10.2991/978-94-6239-672-2_20How to use a DOI?

Keywords

Digital transformation; Investment efficiency; Tech skills; Ownership type

Abstract

How does the digital economy help the economy grow? Company can through digitalization better use own resource. Further, this help them more have competitive. This paper aim to look at digital change and invest efficiency between relation. We choose 2015 to 2024 year China A-share list company. We further look at digital change how affect invest efficiency. Result show, digital change big reduce wrong invest, this turn over improve all level invest efficiency. Our results are robust after controlling for other factors and sensitivity tests. Furthermore, we further explore how digital changes reduce bad investments. Better tech skills are the main way that digital changes improve investment efficiency. It reduces bad investment through better innovation and risks identification. We further explore different types of companies. The relationship between digital changes and ownership type reduces by different types of ownership. The positive effect is stronger in private company type. Furthermore, the relationship between digital changes and investment efficiency is more significant in large companies. Meanwhile, the relationship in eastern region companies is more significant. Because of their resources and environment, companies in eastern regions can see clearer benefits. The study provides important suggestions for improving digital plans. It further provides a basis for better investment decision-making and government policies.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Daheng Zhong
PY  - 2026
DA  - 2026/05/12
TI  - The Impact Mechanism of Digital Transformation on Firm Investment Efficiency
BT  - Proceedings of the 2026 3rd International Conference on Applied Economics, Management Science and Social Development (AEMSS 2026)
PB  - Atlantis Press
SP  - 204
EP  - 218
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-672-2_20
DO  - 10.2991/978-94-6239-672-2_20
ID  - Zhong2026
ER  -