Journal of Guizhou University of Finance and Economics ›› 2024 ›› Issue (04): 99-109.

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Digital transformation and breakthrough innovation in manufacturing firms: Toward New Quality Productivity

ZHOU Mi1, XING Mingqiang1, XU Long2,3   

  1. 1. School of Management, Xi'an Jiaotong University, Xi'an Shanxi 710049, China;
    2. School of Business Administration, Hebei University of Economic and Business, Shijiazhuang Hebei, 050061, China;
    3. Hebei Collaborative Innovation Center for Urban-rural Integrated Development, Shijiazhuang Hebei, 050061, China
  • Received:2023-11-18 Published:2024-08-01

Abstract: There is no consensus on whether and how digital transformation can promote breakthrough innovation in manufacturing enterprises and achieve the improvement of new quality productivity, and further exploration is needed. Based on the "Ability Motivation Opportunity (AMO)" framework of human capital, this article constructs and tests a theoretical model of digital transformation on breakthrough innovation using Chinese A-share manufacturing listed companies from 2012 to 2022 as samples. The empirical results indicate that digital transformation significantly enhances breakthrough innovation in manufacturing enterprises; The AMO framework of human capital can effectively explain the above effects, that is, digital transformation forces the upgrading of human capital’s capabilities, activation of motivation and enhancement of opportunities, so as to achieve breakthrough innovation. For state-owned enterprises and high-tech enterprises, the marginal effect of digital transformation driving breakthrough innovation is more obvious; The upgrading effect of manufacturing enterprises in the eastern region is stronger than that in the central and western regions.

Key words: digital transformation, human capital, breakthrough innovation, AMO framework

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