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| Research on the Impact of Enterprise Digitization on Capacity Utilization |
| CHEN Zili，ZHU Guilong |
| South China University of Technology, Guangzhou, China |
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Abstract From the perspective of investment efficiency, this study introduces R&D investment as a moderating variable, constructs a moderated mediation effect model, and empirically tests the relationship mechanism and influencing factors between enterprise digitization and capacity utilization. The study found that digitization can improve capacity utilization by inhibiting over-investment and alleviating under-investment, the mediating effect of investment efficiency between digitization and capacity utilization is regulated by R&D investment. Heterogeneity analysis found that the capacity improvement effect of digitization is more significant in non-ROE-owned enterprises and non-overcapacity industries.
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Received: 24 April 2024
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