Digital Economy and Corporate Internationalization - Empirical Evidence Based on Chinese A-share Listed Firms

With the booming development of the industrial revolution and technological change, the digital economy with the innovation-driven engine has become a key factor in improving the level of internationalization development of enterprises and achieving high-quality economic development. Based on the panel data of China's A-share listed companies from 2007 to 2021, the article empirically examines the impact of the development of the digital economy on enterprise internationalization and its mechanism of action. The study shows that the development of a digital economy can significantly improve the internationalization level of enterprises by promoting their digital transformation and easing their financial constraints. The findings of the study provide new reference and basis for further deepening the development of the digital economy and promoting the implementation of the "Going Global" strategy.