With the rapid development of digital-intelligent economy, digital transformation has become an important factor affecting corporate innovation. This paper selects A-share listed companies from 2012 to 2021 as a sample to study the impact of digital transformation on innovation performance based on financial flexibility perspective. The results show that there is an inverted U-shaped relationship between digital transformation and innovation performance, and financial flexibility can weaken this relationship, and the inverted U-shaped relationship still holds after the robustness test. Further research finds that there is a positive relationship between digital transformation and innovation performance in state-owned enterprises, and an inverted U-shaped relationship between digital transformation and innovation performance in non-state-owned enterprises, and the inverted U-shaped curve is steeper in large-scale enterprises than in small-scale enterprises. The findings of this paper enrich the research on enterprise innovation and provide practical insights for enterprises to improve innovation performance from the perspective of digital transformation.

Zhang Yuan, Chen Shan. An Empirical Study of Corporate Digital Transformation on Innovation Performance. International Journal of Frontiers in Sociology (2024), Vol. 6, Issue 6: 71-79. https://doi.org/10.25236/IJFS.2024.060612.

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