A study on the economic effects of intelligent development in manufacturing enterprises

Faculty of Economics and Management, Shenyang Agricultural University, Shenyang, China

^* Corresponding author: 2022136007@stu.syau.edu.cn

Abstract

Due to the advancements in technology and society’s development. The development of the global economic system is already significantly influenced by the digital economy. It has had a certain impact on the financial growth of manufacturing businesses. This article selects relevant data from the annual reports of manufacturing enterprises and utilizes a regression model that is benchmarked. Based on an empirical research of sample businesses, the effect of the level of digital transformation on business performance and operational efficiency. Furthermore, the reliability of the regression results has been further demonstrated through robustness tests by replacing the explained variables and expanding the sample size. The results indicate that the digital transformation and upgrading of manufacturing enterprises contributes to improving corporate performance and operational efficiency. This empirical conclusion can offer relevant suggestions for manufacturing enterprises to develop digitally and intelligently.