同行数字化转型、信息溢出和企业生产率增长Peer Digital Transformation, Information Spillovers, and Business Productivity Growth
王欣然,朱国悦
摘要(Abstract):
数字技术创新与应用对改善行业信息环境和牵引关联企业生产率增长具有重要作用。本文基于中国上市公司数据,考察了同行企业数字化转型对企业全要素生产率增长的影响及其作用机制。研究发现,同行企业数字化转型显著促进企业全要素生产率增长,表明数字化转型在同一行业内存在横向溢出效应。机制检验结果表明,同行企业数字化转型在增加信息披露数量和提高信息披露质量方面发挥信息溢出效应,进而牵引企业全要素生产率增长。进一步地,企业间技术相似度越高,同行企业数字化转型越有利于促进信息溢出机制发挥作用。同时,行业竞争程度越高,同行企业数字化转型的生产率溢出效应越强。本文拓展了企业数字化转型溢出效应的研究范畴,为借由数字技术优化行业信息环境和完善数字化转型政策提供了有益参考。
关键词(KeyWords): 同行企业;数字化转型;溢出效应;信息环境;生产率增长
基金项目(Foundation): 甘肃省哲学社会科学规划项目专项课题“甘肃建设现代产业体系需关注的突出问题及对策建议”(项目批准号:2024ZX013)的资助
作者(Author): 王欣然,朱国悦
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- (1)限于篇幅,描述性统计结果留存备索。 (2)管理层权力的控制变量包括:第一大股东持股比例(第一大股东持股比例/100)、两职合一(董事长和总经理两职合一为1,否则为0)、董事会规模(董事会人数取自然对数)、独立董事占比(独立董事占董事会成员的比例)等。 (3)限于篇幅,稳健性检验结果留存备索。 (4)限于篇幅,信息披露数量的相关指标构建过程留存备索。 (5)限于篇幅,信息披露质量的相关指标构建过程留存备索。 (6)限于篇幅,进一步分析结果留存备索。 (7)限于篇幅,调节作用中的指标构建过程和分析结果留存备索。