FACTORS OF THE DIGITAL ECONOMY AND THEIR IMPACT ON THE EFFICIENCY OF AGRICULTURAL ENTERPRISES
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This paper empirically investigates the impact of digital economy factors on the efficiency of agricultural enterprises. Using panel data from agricultural firms operating in the Republic of Uzbekistan, the study evaluates how digital infrastructure, internet usage, and digital service expenditures influence production efficiency through econometric modeling.
The results demonstrate that digital economy factors have a significant positive effect on the efficiency of agricultural enterprises. Moreover, this effect is indirectly strengthened through operational leverage, indicating that digitalization enhances firms’ production and management efficiency. The study also finds that management costs play a moderating role, weakening the positive impact of digital transformation when administrative expenses are high. Heterogeneity analysis reveals that firms audited by the “Big Four” accounting companies experience a stronger positive effect of digital transformation on efficiency compared to others.
The findings confirm that the digital economy serves as a crucial driver for the sustainable and high-quality development of agricultural enterprises. Based on the results, the paper proposes practical recommendations for improving digital infrastructure, promoting digital management systems, and enhancing digital competencies within agricultural enterprises.
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