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The Impact of Digital Transformation in Manufacturing on Firm Performance: A Deleveraging Perspective
- 1 Fudan University Fudan International School of Finance, Shanghai 200433
- 2 1. Fudan University Fudan International School of Finance, Shanghai 200433; 2. Quanzhou University of Information Engineering School of Software, Fujian Quanzhou 362000
* Author to whom correspondence should be addressed.
Abstract
In the digital economy era, digital technologies such as cloud computing and artificial intelligence have brought both opportunities and challenges to enterprises. Understanding how digital transformation impacts business operations and the specific mechanisms involved is of great reference significance for companies. This study, based on a panel data of A-share listed manufacturing companies from 2010 to 2020 and adopting a deleveraging perspective, proposes hypotheses, constructs regression models, and conducts empirical analysis. The findings confirm that digital transformation in manufacturing can effectively enhance corporate performance. In this process, enterprise leverage plays an intermediary role. By leveraging digital technologies, manufacturing companies can effectively mitigate information asymmetry, improve information utilization efficiency and operational efficiency, and reduce risks through deleveraging, thereby enhancing their overall performance.
Keywords
manufacturing, corporate performance, digital transformation, deleveraging
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Cite this article
Hung,L.C.;Chen,C. (2025). The Impact of Digital Transformation in Manufacturing on Firm Performance: A Deleveraging Perspective. Journal of Applied Economics and Policy Studies,15,23-29.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Journal：Journal of Applied Economics and Policy Studies
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