数字化转型与企业创新效率——来自中国制造业上市公司的经验证据

Digital Transformation and Enterprise Innovation Efficiency——Empirical Evidence from Chinese Manufacturing Listed Companies

数字化已成为企业创新驱动发展的重要引擎,但制造企业如何挖掘数据价值提升创新效率是学界和业界共同关注的热点问题。基于2007~2019年沪深A股制造业上市公司数据,探讨数字化转型对制造业企业创新效率的影响机理。研究结果表明,数字化转型能显著促进制造业企业创新效率提升,该结论在经过稳健性检验后依然成立。异质性分析发现,行业竞争程度越高、市场化程度越低,数字化转型对企业创新效率的促进作用越明显。研究结论不仅丰富了数字化转型和企业创新领域相关研究,而且对优化公司治理,改善企业创新环境,助力制造业企业高质量发展提供启示。

Digitalization has become an important engine for innovation-driven development of enterprises,but how manufacturing enterprises mine data value to improve innovation efficiency is the hot issues of common concern.Based on the data of A-share listed manufacturing companies in Shanghai and Shenzhen from 2007 to 2019,this paper discussed the impact mechanism of digital transformation on innovation efficiency of manufacturing enterprises.The results show that digital transformation can significantly improve the innovation efficiency of manufacturing enterprises,and this conclusion still holds after the robustness test.Heterogeneity analysis shows that the higher degree of industry competition and the lower degree of marketization,the more obvious the role of digital transformation in promoting enterprise innovation efficiency.The research conclusions not only enrich the research on digital transformation and enterprise innovation,but also provide enlightenment for optimizing corporate governance,improving enterprise innovation environment and facilitating high-quality development of manufacturing enterprises.