What factors drive the industrial Internet platform transformation of advanced manufacturing enterprises? Has the relevant internet platform provided the corresponding empowering effect? Based on the analysis of empowerment paths of industrial internet platform in the transformation of advanced manufacturing enterprises in Shandong Province

the experimental province of "transformation of new and old kinetic energy"

this paper applies econometric regression analysis and PSM tendency score matching analysis method to empirically analyze the influencing factors and empowerment paths of the digital transformation of the advanced manufacturing industry. The results show that the empowerment effect of industrial internet platforms has significantly improved the innovation capability of advanced manufacturing enterprises

promoted the innovation output of enterprises

significantly improved the production performance of empowered enterprises

and reduced the level of business risks. In the empirical analysis of empowerment paths

it is found that government subsidies

external financing ability and industry reputation have significant driving effects on the transformation of advanced manufacturing industry

but the financial structure and supply chain dependence will inhibit the transformation of advanced manufacturing enterprises.