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Based on the data of Chinese A-share listed companies from 2010 to 2020, this article examines the driving effect of Digital Transformation of Corporations (DTC) on Total Factor Productivity (TFP) and selects Green Technology Innovation of Corporations (GTIC) as the mediating variable to test the mechanism of action of Digital Transformation of Corporations driving corporate TFP improvement. It is found that Digital Transformation of Corporations can significantly promote corporate TFP improvement; mechanism analysis shows that Digital Transformation of Corporations drives TFP improvement by promoting Green Technology Innovation of Corporations.
Wu et al. (2023) studied this question.