Digitalization Improves Enterprise Performance: New Evidence by Text Analysis

The reform of digitalization has deeply influenced the development mode and production methods traditional in China. However, impact on management performance Chinese listed companies are not well investigated there is a gap establishment effective measurement variable. In order to fill this gap, article constructs variable measure application degree “digitalization” at company level. By analyzing text annual reports from 2009 2020, variables determined. Based this, status determinants enterprise digital applications discussed. Thus, by panel data these companies, relationship among age enterprise, knowledge level board directors, proportion fixed assets, company’s evaluated. At last, according evaluated results, between enterprises analyzed. article, our analysis helps solve “IT paradox” problem, also provides theoretical support for improve corporate certain extent. Furthermore, laid out foundation future research performance.