摘要
全要素生产率的大幅提升是新质生产力的核心标志,本文基于2015~2023年上市公司的数字化项目投入信息,实证检验了数字化转型对全要素生产率的影响。研究发现,数字化转型对于全要素生产率的影响具有时滞性,数字化转型的正面效应随着时间推进逐渐显现并得到加强。具体至细分方向,生产类和管理类数字化转型对于企业生产效率具有提升作用,而用户类和技术类数字化转型尚未赋能企业效率。机制检验显示,数字化转型通过驱动企业创新、改进企业的运营模式和降低代理成本提升了全要素生产率。异质性分析结果显示,数字化转型的积极效应对于人力资本结构更优、更加强调协作性文化和创造性文化、组织惯性相对较小以及规模较大的企业而言更为显著。
Based on the digital input information of listed companies from 2015 to 2022,this article empirically tests the im⁃pact of digital transformation on total factor productivity.Research has found that the impact of digital transformation on total factor productivity has a time lag,and the positive effects of digital transformation gradually emerge and strengthen over time.Specifical⁃ly,digital transformation in production and management has a positive impact on improving productivity,while digital transforma⁃tion in user and technology has not yet empowered enterprise efficiency.Channel mechanism testing shows that digital transformation has increased total factor productivity by driving enterprise innovation,improving operational models,and reducing agency costs.The heterogeneity analysis results show that the positive effects of digital transformation are more significant for enterprises with better human capital structure,greater emphasis on collaborative and creative culture,and relatively smaller organizational inertia.
作者
郭栋
肖星
Guo Dong;Xiao Xing(Postdoctoral Research Center,Industrial and Commercial Bank of China,Beijing 100032,China;School of Economics and Management,Tsinghua University,Beijing 100083,China)
出处
《工业技术经济》
北大核心
2025年第4期151-160,共10页
Journal of Industrial Technology and Economy
关键词
数字化转型
全要素生产率
数字化投入
转型方向
企业创新
运营模式
代理成本
上市公司
digital transformation
total factor productivity
digital input
transformation direction
enterprise innovation
operational models
agency costs
listed companies
