Proceedings of the 2025 4th International Conference on Public Management, Digital Economy and Internet Technology (ICPDI 2025)

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Digital Transformation and Operation Efficiency ----Based on Panel Data of China’s A-listed Companies

Authors
Ruiqi Wang1, *
1Southwestern University of Finance and Economics, Chengdu, 611130, China
*Corresponding author. Email: wrq040603@gmail.com
Corresponding Author
Ruiqi Wang
Available Online 15 December 2025.
DOI
10.2991/978-2-38476-507-2_18How to use a DOI?
Keywords
Digital Transformation; Operation Efficiency; A-listed Companies
Abstract

In the digital economy era, Chinese enterprises face strategic imperatives for digital transformation to maintain competitive advantages. Limited academic research exists on digital transformation's influence on enterprise operation efficiency. This paper conducts theoretical analysis of the influence mechanism through literature review and proposes the hypothesis that digital transformation positively affects enterprise operation efficiency. This paper collects panel data from the CSMAR database, obtaining 29,757 firm-year observations of A-listed companies during 2009–2022. We construct a two-way fixed effects model and conduct regression analysis using keyword-based digital transformation measurement. Through robustness tests and endogeneity tests, we conclude that digital transformation significantly enhances enterprise operational efficiency by 0.1148 units per unit increase, with robust results. Heterogeneity analysis reveals more pronounced positive effects in large-scale enterprises and state-owned enterprises.

Copyright
© 2025 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.

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Volume Title
Proceedings of the 2025 4th International Conference on Public Management, Digital Economy and Internet Technology (ICPDI 2025)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
15 December 2025
ISBN
978-2-38476-507-2
ISSN
2352-5398
DOI
10.2991/978-2-38476-507-2_18How to use a DOI?
Copyright
© 2025 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.

Cite this article

risenwbib
TY  - CONF
AU  - Ruiqi Wang
PY  - 2025
DA  - 2025/12/15
TI  - Digital Transformation and Operation Efficiency ----Based on Panel Data of China’s A-listed Companies
BT  - Proceedings of the 2025 4th International Conference on Public Management, Digital Economy and Internet Technology (ICPDI 2025)
PB  - Atlantis Press
SP  - 204
EP  - 213
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-507-2_18
DO  - 10.2991/978-2-38476-507-2_18
ID  - Wang2025
ER  -