Probe - Accounting, Auditing and Taxation

Research on the synergistic effect of government subsidy and government procurement on enterprise digital transformation

Xin Guan

Anhui University of Finance and Economics

DOI: https://doi.org/10.59429/paat.v7i4.12461

Keywords: government subsidies; government procurement; enterprise digital transformation

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Abstract

As a key driver of high-quality economic development, corporate digital transformation requires comprehensive government support. Using panel data from A-share listed companies (2015-2023), this study examines the synergistic effects of government subsidies and procurement on digital transformation and their underlying mechanisms. The findings demonstrate a positive co-effect between government subsidies and procurement in promoting digital transformation. Policy recommendations include: establishing a coordinated policy framework to address the limitations of single policies, maximizing the guiding role of government subsidies and procurement in digital transformation, and designing differentiated combined policies for government subsidies and procurement.

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