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How Does Digital Transformation Affect the Performance of Private Energy Enterprises? Evidence from the Text Recognition of the Annual Reports of Listed Companies in China
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Yangjun Ren1, Ze Tian1, Chao Liu2, 3, Fangrong Ren4, Xinge Guan1
Journal of Technology Economics | 2024, 43(1) : 41 - 54
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Journal of Technology Economics | 2024, 43(1): 41-54
Industrial Technology Economics
How Does Digital Transformation Affect the Performance of Private Energy Enterprises? Evidence from the Text Recognition of the Annual Reports of Listed Companies in China
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Yangjun Ren1, Ze Tian1, Chao Liu2, 3, Fangrong Ren4, Xinge Guan1
Affiliations
  • 1 Business School Hohai University Nanjing 210098 China
  • 2 School of Public Management Hohai University Nanjing 210098 China
  • 3 Jiangsu Yangtze River Protection and High Quality Development Research Base Nanjing 210000 China
  • 4 Business School Nanjing University Nanjing 210008 China
Published: 2024-01-10 doi: 10.12404/j.issn.1002-980X.J23070101
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Digital transformation has given enterprises new development momentum, which further affects the business performance of private energy enterprises and the achievement of their green and low-carbon transformation goals. Based on the data of Shanghai and Shenzhen A-share listed private energy enterprises from 2012 to 2021, the keywords of "digital transformation" was collected in the annual reports of enterprises with the help of crawler technology, innovatively portraying the degree of digital transformation of private energy enterprises and empirically examining the impact of digital transformation on the performance of private energy enterprises. The results indicate that digital transformation significantly improves the performance of private energy firms, and this finding remains valid after a series of robustness checks. In terms of channel paths, digital transformation can drive technological innovation and improve operational capabilities, all of which contribute to the performance growth of private energy firms. For different firms, the driving effect of digital transformation on the performance of private energy firms has strong asymmetric characteristics. Specifically, the enhancement effect is more significant for eastern firms, large firms, growing firms, and new energy firms. For the central and western firms and small firms, the performance driving effect of digital transformation is the least significant.

digital transformation  /  private energy enterprises' performance  /  text recognition  /  technology innovation  /  operational capability
Yangjun Ren, Ze Tian, Chao Liu, Fangrong Ren, Xinge Guan. How Does Digital Transformation Affect the Performance of Private Energy Enterprises? Evidence from the Text Recognition of the Annual Reports of Listed Companies in China[J]. Journal of Technology Economics, 2024 , 43 (1) : 41 -54 . DOI: 10.12404/j.issn.1002-980X.J23070101
Year 2024 volume 43 Issue 1
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doi: 10.12404/j.issn.1002-980X.J23070101
  • Receive Date:2023-07-01
  • Online Date:2025-07-30
  • Published:2024-01-10
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  • Received:2023-07-01
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Affiliations
    1 Business School Hohai University Nanjing 210098 China
    2 School of Public Management Hohai University Nanjing 210098 China
    3 Jiangsu Yangtze River Protection and High Quality Development Research Base Nanjing 210000 China
    4 Business School Nanjing University Nanjing 210008 China
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https://castjournals.cast.org.cn/joweb/jsyjj/EN/10.12404/j.issn.1002-980X.J23070101
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表12种不同金属材料的力学参数

Family
属数
Number of
genus
种数
Number of
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占总种数比例
Percentage of
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Number of
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Percentage of total
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鹅膏菌科Amanitaceae 2 11 5.26 鹅膏菌属 Amanita 10 4.78
小菇科 Mycenaceae 2 12 5.74 丝盖伞属 Inocybe 5 2.39
多孔菌科 Polyporaceae 8 14 6.70 蜡蘑属 Laccaria 5 2.39
红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
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