Research on the Influence of Digital Transformation on the High-Quality Development of Enterprises

In recent years, China's digital economy has developed rapidly, and the digital transformation of enterprises has become an inevitable trend. This paper takes A-share listed companies in China from 2010 to 2023 as the research sample, using total factor productivity as a basis to measure the high-quality development of enterprises. A benchmark regression model is constructed, and two mediating variables, management efficiency and financing capability, are introduced. The analysis uses OLS (Ordinary Least Squares) regression and mediation effect tests to explore the internal mechanisms by which digital transformation enhances total factor productivity in enterprises. The research shows that digital transformation can significantly promote the high-quality development of enterprises. Mechanism tests reveal that management efficiency and financing capability play mediating roles in the process of digital transformation driving high-quality development. Finally, relevant feasible suggestions are proposed with the aim of providing experience and insights to support the digital transformation of enterprises in China and promote their high-quality development.