摘要
党的二十届四中全会明确提出要促进数字经济和实体经济的深度融合,强化企业创新主体地位。基于此,以2014—2023年沪深A股上市公司数据为研究对象,实证考察数字化转型对企业持续性创新的影响及其内在机制。研究发现:(1)数字化转型对企业持续性创新具有显著的驱动作用。(2)数字化转型可通过缓解信息不对称助推企业持续性创新。(3)媒体关注度在数字化转型与企业持续性创新之间起到了正向调节效应。(4)异质性分析显示,就创新投入而言,数字化转型的促进作用在国有企业中更为突出;而在创新产出层面,其积极效应则在非国有企业中更为显著。此外,数字化转型对高新技术企业持续性创新的提升作用明显强于非高新技术企业。研究结论为企业开展持续性创新提供经验依据,对助推企业实现高质量发展具有参考价值。
The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China explicitly called for promoting the deep integration of the digital economy and the real economy,and strengthening the dominant role of enterprises in innovation.Based on this,this study empirically examines the impact of digital transformation on corporate sustainable innovation and its underlying mechanisms,using data from Shanghai and Shenzhen A-share listed companies from 2014 to 2023.The findings reveal that:(1)Digital transformation significantly drives corporate sustainable innovation.(2)Digital transformation facilitates corporate sustainable innovation by alleviating information asymmetry.(3)Media attention plays a positive moderating role in the relationship between digital transformation and corporate sustainable innovation.(4)Heterogeneity analysis shows that,in terms of innovation input,the promoting effect of digital transformation is more pronounced in state-owned enterprises,whereas in terms of innovation output,the positive effect is more significant in non-state-owned enterprises.Additionally,the enhancing effect of digital transformation on sustainable innovation is markedly stronger in high-tech enterprises compared to non-high-tech enterprises.The conclusions of this study provide empirical evidence for corporate sustainable innovation and offer insights for promoting high-quality enterprise development.
作者
郝婷
程淑燕
贾晨鹏
Hao Ting;Cheng Shuyan;Jia Chenpeng(School of Economics and Management,Inner Mongolia University of Science and Technology,Baotou Inner Mongolia 014010)
基金
国家自然科学基金地区基金项目(72062025)
内蒙古自治区哲学社会科学规划项目(2024NDC208)
内蒙古自治区教育厅冶金工程一流学科科研专项项目(YLXKZX-NKD-029)。
关键词
持续性创新
数字化转型
信息不对称
媒体关注度
Sustained innovation
Digital transformation
Information asymmetry
Media attention
