摘要
物联网、大数据等信息技术的快速发展为我国企业数字化转型创造了良好的发展条件,数字化转型对企业可持续发展绩效产生了重要影响。本文基于2011—2020年沪深A股上市企业数据,利用Python技术构建企业数字化转型指标,采用企业环境绩效和财务绩效相结合的方式更为全面地衡量企业可持续发展绩效,从理论和实证层面探讨了数字化转型对企业可持续发展绩效的影响,得出以下研究结论:(1)数字化转型显著提高了企业的财务绩效和环境绩效水平,对提升企业可持续发展绩效发挥积极作用。在使用一系列方法进行稳健性检验后,实证结果依旧保持一致。(2)机制检验发现,数字化转型主要通过促进企业绿色产品创新、绿色工艺创新和绿色管理创新的途径提高企业可持续发展绩效水平。(3)异质性检验发现,相较于非国有企业和中西部地区企业而言,数字化转型对国有企业和东部地区企业可持续发展绩效的正向影响程度更大。(4)经济政策不确定性的增大和地区数字金融发展水平的提高,对数字化转型影响企业可持续发展绩效表现出显著的正向调节作用。本文揭示了数字化转型对企业可持续发展绩效的影响及其传导机制,为我国企业数字化转型的发展方向和实现企业可持续发展提供了新的经验证据。
In recent years,the rapid development of digital technology has promoted the digital transformation of enterprises.Digital transformation can improve the performance level of enterprises,promote green technology innovation of enterprises,and provide new development opportunities for enterprises to achieve sustainable development goals.However,the digital transformation of most enterprises in our country is still at the initial exploration stage at present,and there is a large space for development.Therefore,the impact of digital transformation on sustainable development performance of enterprises is worth further exploration.Based on the data of A-share listed enterprises in Shanghai and Shenzhen from 2011 to 2020,this paper uses Python technology to construct enterprise digital transformation indicators,and uses the combination of enterprise environmental performance and financial performance to measure enterprise sustainable development performance in A more comprehensive way.The impact of digital transformation on enterprise sustainable development performance is discussed theoretically and empirically.The following conclusions are drawn:First,digital transformation can significantly improve the financial performance and environmental performance of enterprises,and play a positive role in improving the sustainable development performance of enterprises.After using a series of methods to test robustness,the empirical results are still consistent.Secondly,the mechanism test shows that digital transformation can improve the sustainable development performance of enterprises mainly by promoting green product innovation,green process innovation and green management innovation.Thirdly,heterogeneity test shows that,compared with non-state-owned enterprises and enterprises in central and western regions,digital transformation has a greater positive impact on the sustainable development performance of state-owned enterprises and enterprises in eastern China.Fourth,the increase of economic policy uncertainty and the improvement of regional digital financial development have a significant positive moderating effect on the impact of digital transformation on enterprises'sustainable development performance.This paper reveals the influence of digital transformation on enterprises'sustainable development performance and its transmission mechanism,and provides new empirical evidence for the development direction of Chinese enterprises'digital transformation and the maintenance of enterprises'sustainable development.The marginal contribution of this paper is mainly manifested in the following three aspects:first,within the framework of unified for the first time,the paper discusses the digital transition effects on sustainable development of the enterprise performance,and explores the digital transformation of different types of enterprises sustainable development performance difference,expand the digital transformation of enterprises and sustainable development of the enterprise performance.Secondly,this paper subdivides enterprise green innovation into three dimensions,analyzes the transmission mechanism of digital transformation on enterprise sustainable development performance from the theoretical and empirical levels,and reveals the"theoretical black box"between enterprise digital transformation and enterprise sustainable development performance.Finally,this paper provides new empirical evidence on how companies can achieve sustainable development Goals in the context of rising economic policy uncertainty,and how companies can make digital transformation more efficient in the context of rapid development of digital finance.Based on the above research conclusions,this paper puts forward the following policy recommendations.First,enterprises should attach great importance to the positive effect of digital transformation on their own sustainable development performance.Second,the government should actively guide and vigorously promote the digital transformation of enterprises and attach great importance to the positive role of digital transformation in promoting the sustainable development of enterprises.Third,the government should precisely help different enterprises to carry out digital transformation in an orderly way.Fourth,for the enterprise sector,it should fully grasp the challenges and opportunities brought by the uncertainty of economic policies.In the period of high uncertainty,enterprises should accelerate the digital transformation of enterprises,so as to better cope with the impact of external economic policy uncertainty on enterprises,and promote the sustainable development of enterprises through digital transformation strategy.For government departments,in the period of high uncertainty,they should further strengthen the policy guidance for enterprises'digital transformation and promote the sustainabledevelopment of enterprises.
作者
王博
康琦
WANG Bo;KANG Qi(School of Finance,Nankai University,Tianjin,300350,China)
出处
《经济管理》
CSSCI
北大核心
2023年第6期161-176,共16页
Business and Management Journal ( BMJ )
基金
国家自然科学基金面上项目“外部冲击对中国金融稳定的影响机理:不确定性与公共事件冲击视角”(72073076)
国家自然科学基金面上项目“基于大数据的中国金融系统性风险测度及其演化规律研究”(71873070)
南开大学文科基金重点项目“金融双向开放、国际资本流动与系统性风险防范”(ZB21BZ0103)。
关键词
企业数字化转型
绿色创新
财务绩效
环境绩效
可持续发展绩效
enterprise digital transformation
green innovation
financial performance
environmental performance
sustainable development performance
作者简介
王博,男,教授,博士生导师,经济学博士,研究领域为公司金融与数字化转型,电子邮箱:wangbowangbo2008@126.com;通讯作者:康琦,男,博士研究生,研究领域为公司金融与数字化转型,电子邮箱:2962318914@qq.com。
