数字化转型、创新效率与财务绩效研究

——基于A股高端制造业上市公司的实证研究

打开文本图片集

中图分类号：F253.7 文献标识码：A 文章编号：1004-0714（2026）01-0075-04

Researchon Digital Transformation，Innovation Efficiency，andFinancial Performance Empirical StudyonA-Share High-End ManufacturingListed Companies

ZHAOChanghao （Guangzhou CollegeofCommerce，5ll363，Guangzhou，Guangdong，China）

Abstract：Inrecent years，China’s high-end manufacturing industry has made significant progress in the processofdigital transformation，but still facesaseriesof“bottleneck"risks.This articleaims toexplore whether digital transformation canpromote financial performance improvement，and whether innovation efficiencycanplayamediatingrolebetweendigitalltransformationand financial performance.Thisarticle innovativelycollectsthesubjectiveopinionsofcorporateexecutivesthroughthedistributionof questionnaires.Meanwhile，thisarticleintroducesthemediatingvariableofinnovationefficiency.Usingquestionnaire survey data from 245 A-share high-end manufacturinglisted companies as samples，this study explores theimpact ofdigital transformationon company financial performance through empirical analysis.Theresultsindicatethat therelationshipbetween digitaltransformationandfinancial performanceispositive. Accordingtoithemediation test，digital transformation can also havea significant mediating effect on fi nancialperformancethroughinnovationefficiency，andithas passedtheBootstrapmediationtest.Provide policies and recommendations for the management of high-end manufacturing listed companies based on empiricalresults.

Keywords：Digital Transformation; Innovation Efficiency;Financial Performance; High-End Manufacturing Industry;MediationEffect

一、引言

在当前的商业环境中，高端制造业企业是否能够通过实施数字化转型来实现财务绩效的显著提升，这个问题似乎还没有一个明确的答案。（剩余5346字）