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Does digital transformation enhance the core competitiveness?—Quasi-natural experimental evidence from Chinese traditional manufacturing

In the era of the digital economy, building an internationally competitive manufacturing industry with intelligent manufacturing as its main focus is the only way to promote the transformation of a country into a manufacturing power and achieve high-quality economic development. To explore whether D...

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Detalles Bibliográficos
Autores principales: Zhang, LiuYang, Qiu, PingQian, Cao, Peng
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10688857/
https://www.ncbi.nlm.nih.gov/pubmed/38033038
http://dx.doi.org/10.1371/journal.pone.0289278
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author Zhang, LiuYang
Qiu, PingQian
Cao, Peng
author_facet Zhang, LiuYang
Qiu, PingQian
Cao, Peng
author_sort Zhang, LiuYang
collection PubMed
description In the era of the digital economy, building an internationally competitive manufacturing industry with intelligent manufacturing as its main focus is the only way to promote the transformation of a country into a manufacturing power and achieve high-quality economic development. To explore whether Digital transformation can improve the core competitiveness of traditional manufacturing enterprises, and what factors affect this process, this study establishes the core competitiveness system of enterprises through the principal component analysis(PCA) method and discusses the above issues through the construction of a double difference model. The results of this research from China’s traditional manufacturing industry are as follows. (i) The digital transformation of enterprises has significantly improved their core competitiveness and has a certain time lag effect. (ii) In the process of enterprise digital transformation, enterprise management capabilities, environmental uncertainty, and enterprise operational efficiency will positively enhance the results of enterprise digital transformation. (iii) The enhancement of core competitiveness caused by digital transformation is more significant for the market leaders and laggards. (iv) Compared with non-state-owned enterprises, the Digital Transformationn of state-owned enterprises has a more obvious effect on promoting their core competitiveness. (v) In comparison with enterprises with low government subsidies, the Digital Transformation of enterprises with high government subsidies plays a more significant role in promoting their core competitiveness. In addition, this study proposes policy guidance and practical guidance for digital transformation to accelerate the promotion of core competitiveness of traditional manufacturing industry.
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spelling pubmed-106888572023-12-01 Does digital transformation enhance the core competitiveness?—Quasi-natural experimental evidence from Chinese traditional manufacturing Zhang, LiuYang Qiu, PingQian Cao, Peng PLoS One Research Article In the era of the digital economy, building an internationally competitive manufacturing industry with intelligent manufacturing as its main focus is the only way to promote the transformation of a country into a manufacturing power and achieve high-quality economic development. To explore whether Digital transformation can improve the core competitiveness of traditional manufacturing enterprises, and what factors affect this process, this study establishes the core competitiveness system of enterprises through the principal component analysis(PCA) method and discusses the above issues through the construction of a double difference model. The results of this research from China’s traditional manufacturing industry are as follows. (i) The digital transformation of enterprises has significantly improved their core competitiveness and has a certain time lag effect. (ii) In the process of enterprise digital transformation, enterprise management capabilities, environmental uncertainty, and enterprise operational efficiency will positively enhance the results of enterprise digital transformation. (iii) The enhancement of core competitiveness caused by digital transformation is more significant for the market leaders and laggards. (iv) Compared with non-state-owned enterprises, the Digital Transformationn of state-owned enterprises has a more obvious effect on promoting their core competitiveness. (v) In comparison with enterprises with low government subsidies, the Digital Transformation of enterprises with high government subsidies plays a more significant role in promoting their core competitiveness. In addition, this study proposes policy guidance and practical guidance for digital transformation to accelerate the promotion of core competitiveness of traditional manufacturing industry. Public Library of Science 2023-11-30 /pmc/articles/PMC10688857/ /pubmed/38033038 http://dx.doi.org/10.1371/journal.pone.0289278 Text en © 2023 Zhang et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Zhang, LiuYang
Qiu, PingQian
Cao, Peng
Does digital transformation enhance the core competitiveness?—Quasi-natural experimental evidence from Chinese traditional manufacturing
title Does digital transformation enhance the core competitiveness?—Quasi-natural experimental evidence from Chinese traditional manufacturing
title_full Does digital transformation enhance the core competitiveness?—Quasi-natural experimental evidence from Chinese traditional manufacturing
title_fullStr Does digital transformation enhance the core competitiveness?—Quasi-natural experimental evidence from Chinese traditional manufacturing
title_full_unstemmed Does digital transformation enhance the core competitiveness?—Quasi-natural experimental evidence from Chinese traditional manufacturing
title_short Does digital transformation enhance the core competitiveness?—Quasi-natural experimental evidence from Chinese traditional manufacturing
title_sort does digital transformation enhance the core competitiveness?—quasi-natural experimental evidence from chinese traditional manufacturing
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10688857/
https://www.ncbi.nlm.nih.gov/pubmed/38033038
http://dx.doi.org/10.1371/journal.pone.0289278
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