National Audit, Enterprise Digital Transformation, and Total Factor Productivity

Total factor productivity (TFP) is an important engine for promoting high-quality economic development. This article analyzes the impact mechanism of national audit on the TFP of enterprises, and examines the moderating effect of digital transformation on its process, as well as the path of inefficient investment. Research has shown that national auditing can significantly improve the TFP of enterprises by exerting deterrent, preventive, and defensive functions, while digital transformation can play a positive regulatory role. Furthermore, alleviating inefficient investment plays a mediating role in the process of promoting enterprise total factor productivity through national auditing, while digital transformation plays a positive moderating role in the path of national auditing affecting inefficient investment. The research results help to reveal the relationship and mechanism between national audit and high-quality development of enterprises in the process of digital transformation, and provide management insights for high-quality development of enterprises.