Corporate digital transformation has become a key focus area in Chinese society in recent years. However, the lack of comprehensive foundational data has significantly constrained the development of related scientific research. Constructing a reasonable and scientific digital transformation indicator system facilitates quantitative research on corporate digitalization issues and enables the measurement of corporate digitalization levels. Professor Wu Fei and his team from Guangdong University of Finance have compiled and structured annual reports of all A-share listed companies on the Shanghai and Shenzhen stock exchanges through a two-dimensional classification framework ("underlying technology application" and "technical practice application"). By developing feature word maps and categorizing keyword frequencies across critical technological domains, they established a foundational statistical database for corporate digital transformation indicators.
In response to national policy and economic practice demands, a research team led by Dr. Chen Yunxian (founder of the National Finance discipline) and Professor Tang Song (head of the National Finance discipline at Guangdong University of Finance) has built upon existing research achievements (Wu et al., 2021). By selecting A-share listed companies (2016-2020) as evaluation targets and innovatively applying dual quantitative tools—big data text analysis and factor analysis—from the unique perspective of annual report textual disclosures, they characterize the annual digital transformation intensity of listed enterprises. This approach provides a more comprehensive, objective, and valuable empirical reference for assessing corporate digital transformation.
To foster an open academic ecosystem, Journal of Financial Economics Research (National Finance Column) and the National Finance discipline team at Guangdong University of Finance have jointly decided to publicly release the Corporate Digital Transformation Index data and research reports free of charge for expert and reader access. Authorized by the team, CnOpenData has incorporated this dataset into the public data section of its official website for scholarly access. Complete data downloads are available via the Journal of Financial Economics Research official WeChat account or direct download links at the end of this page.
Data Description
Structured Feature Word Map for Digital Transformation of A-share Listed Companies:
- Artificial Intelligence Technology: Artificial Intelligence, Business Intelligence, Image Understanding, Investment Decision Support Systems, Intelligent Data Analysis, Machine Learning, Deep Learning, Intelligent Robots, Semantic Search, Biometric Technology, Facial Recognition, Speech Recognition, Identity Verification, Autonomous Driving, Natural Language Processing
- Big Data Technology: Big Data, Data Mining, Text Mining, Data Visualization, Heterogeneous Data, Credit Investigation, Augmented Reality, Mixed Reality, Virtual Reality, Data Science
- Cloud Computing Technology: Cloud Computing, Stream Computing, Graph Computing, In-Memory Computing, Multi-party Secure Computing, Brain-inspired Computing, Green Computing, Cognitive Computing, Converged Architecture, Billion-level Concurrency, EB-level Storage, Internet of Things, Cyber-Physical Systems, Virtualization
- Blockchain Technology: Blockchain, Digital Currency, Distributed Computing, Differential Privacy Technology, Smart Financial Contracts
- Digital Technology Applications: Mobile Internet, Industrial Internet, Mobile Connectivity, Internet Healthcare, E-commerce, Mobile Payment, Third-party Payment, NFC Payment, Smart Energy, B2B, B2C, C2B, C2C, O2O, Internet-based Interconnection, Smart Wearables, Smart Agriculture, Intelligent Transportation, Smart Healthcare, Intelligent Customer Service, Smart Home, Robo-advisory, Smart Cultural Tourism, Intelligent Environmental Protection, Smart Grid, Intelligent Marketing, Digital Marketing, Unmanned Retail, Internet Finance, Digital Finance, Fintech, Financial Technology, Quantitative Finance, Open Banking, Digital Terminals, Digital Control, Industrial Internet, Internet Solutions, Internet Marketing, Industrial Intelligence, Mobile Intelligence, Intelligent Control, Smart Terminals, Smart Mobility, Intelligent Management, Smart Factories, Intelligent Logistics, Smart Manufacturing, Intelligent Warehousing, Smart Equipment, Intelligent Production, Intelligent Networking, Smart Systems, Automatic Control, Automatic Monitoring, Automatic Detection, Automated Production, Industrial Cloud, Future Factories, Intelligent Fault Diagnosis, Virtual Manufacturing, Cloud IT, Cloud Ecosystem, Cloud Services, Cloud Platforms, Information Integration, Information Networks, Information Terminals, Information Centers, Information Systems, Industrial Information, Industrial Communication, Data Centers, Data Platforms, Data Management, Digital Technology, Digitalization, Digital Intelligence, Internet Technology, Internet Applications, Internet Platforms, Internet Ecosystem, E-commerce, Smart Technology, Intelligentization, Numerical Control, Lifecycle Management, Manufacturing Execution Systems, Informatization, Networking, Integrated Control, Integrated Systems, Information Management, Information Software, Data Networks, Internet Thinking, Internet Initiatives, Internet Business, Internet Mobility, Internet Strategy, Internet Models, Internet Business Models, Internet Ecology, Internet+, Online-to-Offline, O2O Integration, Integration, Integrated Solutions, Information Sharing
Database Usage Guide
Time Coverage
Statistical Information Table of Digital Transformation Indicators for A-share Listed Companies: 2007-2020
Evaluation Results Table of Digital Transformation Ratings for A-share Listed Companies: 2016-2020
Field Display
Sample Data
Statistical Information Table of Digital Transformation Indicators for A-share Listed Companies
Evaluation Results Table of Digital Transformation Ratings for A-share Listed Companies
References
- Wu Fei, Hu Huizhi, Lin Huiyan, Ren Xiaoyi, 2021: "Corporate Digital Transformation and Capital Market Performance: Empirical Evidence from Stock Liquidity," Management World, No. 7.
Data Update Frequency
Annual Update