Research On The Impact Mechanism Of Digital Transformation Of Manufacturing Enterprises On Profit Qualit

With the continuous emergence of digital technologies such as artificial intelligence,big data,cloud computing and block chain,digitalization is becoming an important breakthrough point for innovation and change in global enterprises.Digital technology and manufacturing industry to promote deep integration,showing an unstoppable trend of digital transformation.In the decade of the new era,our country has issued more than one hundred policies,plans and guidelines,involving various key aspects of digital development,and constantly driving enterprises to promote the work of digital transformation.Thus,it can be seen that the trend of digital transformation has become an inevitable choice for enterprises.Therefore,based on the background of digital transformation of manufacturing enterprises in the digital economy,this thesis explores the surplus quality of China’s manufacturing enterprises before and after they undergo the transformation,examines what impact digital transformation can have on the surplus quality of enterprises,and discusses and tests the path mechanism of this impact,so as to provide empirical research support and micro-level guidance for China’s digital transformation policy.This thesis takes China’s A-share manufacturing listed companies from 2012-2021 as the research sample,and uses a combination of literature research method and empirical research method,based on principal-agent theory,information asymmetry theory and corporate governance theory,to firstly analyze whether corporate digital transformation can affect surplus quality;secondly,from the motivation and cost of surplus management,two paths of action of the degree of information asymmetry and executive compensation level are Finally,based on the three perspectives of independent directors’ performance,accounting firm audit and intellectual property protection,we analyze the differences of digital transformation on surplus quality in different enterprises and draw the following conclusions:(1)digital transformation of enterprises can improve surplus quality.Using the degree of digital transformation of enterprises as the explanatory variable and the accrued surplus management of sample companies as the explanatory variable,this thesis concludes through multiple regression analysis that enterprises undergoing digital transformation can improve the quality of surplus.(2)This thesis further analyzes the relationship between corporate digital transformation and surplus quality.The results of the empirical test reveal that digital transformation can improve surplus quality through two paths: alleviating the information asymmetry problem and improving executive compensation.The digital transformation of enterprises makes information transmission more efficient and transparent,which alleviates the information asymmetry problem among employees between the enterprise and the outside world,and inhibits surplus management behavior.At the same time,digital transformation enables companies to perform better in the capital market,and the level of executive compensation increases,reducing the incentive to engage in surplus management and improving the quality of corporate surpluses.(3)To better understand the impact of corporate digital transformation on surplus quality,this thesis also conducts heterogeneity analysis.This thesis explores the relationship between corporate digital transformation and surplus quality in groups from the perspectives of corporate independent director performance,accounting firm audit and degree of intellectual property protection,respectively.The study concludes that the effect of corporate digital transformation on earnings quality is more pronounced among companies with a low percentage of independent directors,audited by the top ten accounting firms in China,and located in regions with good intellectual property protection.The research in this thesis confirms that corporate digital transformation can improve surplus quality,extends the research perspective on the economic consequences of digital transformation,and provides new ideas for improving corporate governance mechanisms and capital market information quality in the digital economy era.