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数字化转型赋能企业全要素生产率——来自中国制造业上市公司的证据

Digital Transformation Enables Total Factor Productivity of Enterprises:Evidence from Listed Companies in China's Manufacturing Industry
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摘要 文章基于2011—2022年我国A股制造业上市公司的数据样本,实证分析了数字化转型对制造业企业全要素生产率的影响及其传导机制。研究结果表明:数字化转型能够显著提升制造业企业的全要素生产率。经过一系列稳健性检验后,该结论依然成立。数字化转型通过创新驱动、人力资本提升和融资约束的缓解,显著促进了制造业企业全要素生产率的增长;数字化转型对制造业企业全要素生产率的促进效果因企业的产权性质、要素密集程度和污染程度的不同而存在差异。最后,文章从政策制定、设施建设和企业实践三个维度提出相应的对策建议,以期能够鼓励我国制造业企业积极参与数字化转型进程,促进我国高质量经济发展。 Based on the data samples of China's A-share listed manufacturing companies from 2011 to 2022,this paper empirically analyzes the impact of digital transformation on total factor productivity of manufacturing enterprises and its transmission mechanism.The results show that digital transformation can significantly improve the total factor productivity of manufacturing enterprises.After a series of robustness tests,the conclusion is still valid;digital transformation has significantly promoted the growth of total factor productivity of manufacturing enterprises through innovation-driven effects,human capital improvement and the easing of financing constraints;the promotion effect of digital transformation on total factor productivity of manufacturing enterprises varies with the nature of property rights,factor intensity and pollution degree of enterprises.Finally,this paper puts forward corresponding countermeasures and suggestions from the three dimensions of policy formulation,facility construction and enterprise practice,in order to encourage China's manufacturing enterprises to actively participate in the process of digital transformation and promote the development of China's high-quality economy.
作者 李晓凡 LI Xiaofan(School of Economics and Management,Nantong University,Nantong 226019,China)
出处 《商业观察》 2025年第27期77-83,120,共8页 BUSINESS OBSERVATION
关键词 数字化转型 全要素生产率 高质量发展 制造业企业 digital transformation total factor productivity high-quality development manufacturing enterprises
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