The effect of digital government on corporate total factor productivity

Author:

Chen Shihao,Wang Xiaojun,Gan TianORCID,Gui Guanqi

Abstract

This study examines the influence of digital government initiatives on corporate total factor productivity (TFP). Employing a difference-in-differences (DID) methodology and analyzing data from publicly listed companies spanning the period 2010 to 2020, we investigate the impact of digital governance on corporate TFP. Our findings reveal a noteworthy positive effect, with an average TFP increase of 5%. Further exploration through heterogeneity analysis indicates that this impact is particularly pronounced in regions with robust network infrastructure, increased marketization, and decreased economic uncertainty, particularly among privately-owned enterprises. Moreover, we identify key mechanisms through which digital governance fosters this enhancement in TFP, including the facilitation of technological innovation, efficient allocation of high-skilled labor, and improved investment efficiency. Our research underscores the significant role of digital government initiatives in bolstering corporate TFP and contributes to a deeper understanding of the mechanisms underlying this relationship.

Funder

Fundamental Research Funds for the Central Universities

Postdoctoral Fellowship Program of CPSF

Shanghai Planning Office of Philosophy and Social Science

Shanghai Post-doctoral Excellence Program

Publisher

Public Library of Science (PLoS)

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