Research on mechanism of impact of research and development investment intensity on digital transformation of feed enterprises
CAO Chengnan
Abstract：Digital transformation serves as a critical pathway for feed enterprises to enhance their market competitiveness.Research and development investment intensity as the core driver for achieving technological innovation,product upgrades,and business model innovation in feed enterprises,exerting a decisive influence on their digital transformation process.Based on panel data from Chinese A-share listed feed enterprises from 2013 to 2023,this paper empirically examines the mechanism through which research and development intensity affects the digital transformation of feed enterprises.The results showed that research and development investment intensity significantly promoted the digital transformation process of feed enterprises,and this conclusion remained valid after robustness test.Heterogeneity analysis indicated that the promoting effect of research and development investment intensity on the digital transformation of feed enterprises was more pronounced in state-owned enterprises and high-productivity enterprises.The study shows that research and development investment intensity primarily promotes the digital transformation of feed enterprises through two pathways:Accelerating the accumulation of human capital and enhancing the level of technological innovation.
Keywords：research and development investment intensitydigital transformation of feed enterprisestechnological innovation capability
Publication Date：2026-01-28
Online Publishing Date：2026-03-20(First online date of this platform, not the publication date of the document)
Pages：5( 178-182 )