Digital Infrastructure, Opening-up to the Outside World and the Transformation of Digital Intelligence of Enterprises

Nowadays, the trend of the digital economy is prevalent, enterprises actively carry out the transformation of digital intelligence to seek a favourable position, and the Chinese government also vigorously promotes digital infrastructure, but the relationship between them remains to be investigated. Based on the panel data of A-share listed companies from 2011 to 2022, this paper constructs a double fixed effect model and demonstrates that digital infrastructure has a positive effect on the digital intelligent transformation of enterprises. The results show that technology spillover effect, production scale and digital sales play an intermediary role in the promotion of digital infrastructure to the transformation of digital intelligence of enterprises. Digital infrastructure has a significant role in promoting the transformation of enterprises in the eastern and western regions and areas with weak business environments. The level of enterprises’ opening-up plays a moderating role in the promotion of digital infrastructure to the digital intelligent transformation of enterprises. Based on this, some suggestions are put forward to speed up the construction of digital infrastructure and build a digital infrastructure system according to local conditions.