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Fig 1.

Research Model.

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Table 1.

Evaluation index system of Nqpf in the manufacturing industry.

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Fig 2.

The structured feature-word map of firm digital transformation.

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Table 2.

Definition of the main variables.

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Table 3.

Descriptive statistical results of the main variables.

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Table 4.

Benchmark regression results.

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Table 5.

Robustness test results.

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Table 6.

Endogeneity test results.

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Table 7.

Test results of the mediating effect of dynamic capabilities.

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Table 8.

Heterogeneity test results.

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