Research on the Impact of Fixed Asset Technology Depreciation Policy on Digital Transformation

Yuxuan  Xia; Hongli Zhang

doi:10.54691/t1dn7w78

Authors

Yuxuan Xia
Hongli Zhang

DOI:

https://doi.org/10.54691/t1dn7w78

Keywords:

Policy of accelerated depreciation for fixed assets, Digital transformation of enterprises, Multi-period difference-in-differences model, Mechanism effects.

Abstract

This paper investigates the impact of the accelerated depreciation policy for fixed assets on the digital transformation of enterprises. By constructing a multi-period difference –in -differences model and using data from Shanghai and Shenzhen A-share listed companies from 2011 to 2020, it is found that the accelerated depreciation policy for fixed assets significantly promotes the digital transformation of enterprises. The study also verifies the reliability of the results through robustness tests and heterogeneity analysis, and explores the differentiated impacts of the policy on enterprises in different regions, ownership attributes, and scales. Additionally, the mechanism effect analysis reveals that the policy indirectly promotes the digital transformation of enterprises by alleviating financing constraints and enhancing enterprise performance levels.

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