锦上添花:数字经济如何赋能企业高质量发展?

The Icing on the Cake:How Does the Digital Economy Enable High-quality Development of Enterprises?

数字经济在实现高质量发展过程中发挥着重要的作用。本文借助财新智库披露的数字经济发展指数,选择2012-2018年A股非ST、非金融的上市企业为样本,通过构建双向固定效应模型实证考察了数字经济发展对企业全要素生产率的具体影响及作用机制。研究发现,数字经济发展显著提高了企业全要素生产率,并于不同地区、产权性质、企业规模和企业年龄中呈现效果差异;作用机理显示,技术进步、资源配置改善是数字经济影响企业全要素生产率的重要中介变量。结论对深化数字改革并更好地赋能企业高质量发展具有重要的政策启示,对稳步提高国家治理能力和实现治理体系现代化具有重要的现实意义。

The digital economy plays an important role in the process of achieving high-quality development.With the help of the digital economy development index disclosed by Caixin Think Tank,this paper selects A-share non-ST and non-financial listed companies from 2012 to 2018 as samples,and empirically examines the specific impact of digital economy development on the total factor productivity of enterprises by constructing a two-way fixed effect of action.The study found that the development of the digital economy has significantly improved the total factor productivity of enterprises,and the effect is different in different regions,the nature of property rights,the size of the enterprise and the age of the enterprise;the mechanism of action shows that technological progress and improved resource allocation are important mediating variables for the digital economy that affects the total factor productivity of enterprises.The conclusion has important policy implications for deepening the digital reform and better enabling the high-quality development of enterprises,and has important practical significance for steadily improving the national governance capacity and realizing the modernization of the governance system.