A Study on the Effect of Digital Transformation on the Enterprise Innovation

In recent years, under the background of double innovation, China has vigorously promoted the digital transformation of enterprises. This paper empirically examines the relationship between enterprise digital transformation and enterprise innovation by taking the listed companies in Shanghai and Shenzhen A-shares in 2012-2022 as samples. The results show that enterprise digital transformation can significantly positively affect enterprise innovation. At the same time, the degree of internal control and financing constraints of enterprises plays a moderating role in digital transformation and enterprise innovation. In the samples with different natures of property rights and whether they are high-tech enterprises, the digital transformation of enterprises has different effects on enterprise innovation. This paper puts digital transformation and enterprise innovation into the same analytical framework, expands the existing research, and puts forward corresponding suggestions and prospects.