数字化转型、吸收能力与制造企业双重绩效——地区数字化水平的调节作用

Digital Transformation,Absorptive Capacity and Dual Performance of Manufacturing Enterprises—Moderating Effect of Regional Digital Level

在数字化转型浪潮下,制造企业能否以及如何提升财务和环境双重绩效对构建持续竞争优势至关重要。基于资源和能力视角,采用2015—2020年140家制造业上市企业的相关数据,研究了数字化转型对企业财务绩效和环境绩效的差异性影响,并进一步检验了吸收能力的中介作用和地区数字化水平的调节作用。研究发现:数字化转型对企业财务绩效和环境绩效均有显著正向影响,对环境绩效的正向影响更强;吸收能力仅在数字化转型与企业财务绩效间发挥中介作用,但在数字化转型与企业环境绩效间没有发挥中介效应;地区数字化水平正向调节数字化转型对吸收能力和企业双重绩效的促进作用;数字化转型对企业双重绩效的影响在企业产权性质、企业成长性等方面存在明显的差异化特征。研究结论深化了数字化转型与制造企业双重绩效之间关系的认识,对于引导制造企业积极开展数字化转型提供了理论指导。

Under the wave of digital transformation,whether and how manufacturing enterprises improve financial performance and environmental performance are critical to building sustainable competitive advantages.Based on the perspectives of resources and capabilities,using the relevant data of 140 listed manufacturing enterprises from 2015 to 2020,it analyzed the differential impacts of digital transformation on financial performance and environmental performance of manufacturing enterprises,and further tested the mediating role of absorptive capacity and the moderating role of regional digital level.The results are as following.Digital transformation has a significant positive impact on both financial performance and environmental performance,and has a stronger positive impact on environmental performance.Absorptive capacity only plays a partial mediating role between digital transformation and firm financial performance,but fails to mediate the impact of digital transformation on environmental performance.Regional digital level also positively moderates the promotion of digital transformation on manufacturing enterprises’dual performance and absorptive capacity.The impact of digital transformation on enterprises’dual performance has significant heterogeneous characteristics in terms of the nature of corporate ownership and corporate growth.The findings deepen the understanding of the relationship between digital transformation and dual performance of manufacturing enterprises,and provide manufacturing enterprises with theoretical guidance to actively carry out digital transformation.