建筑业上市公司数字化转型对创新效率的影响研究——基于“数字化悖论”视角

The Impact of Digital Transformation on Innovation Efficiency of Listed Companies in Construction Industry:Basedon the“Digital Paradox”Perspective

数字经济时代,数字化转型趋势不可阻挡,如何通过数字技术推动建筑业高质量发展值得重点关注。以2010—2021年我国105家A股建筑业上市公司数据为样本进行实证分析,结果发现:建筑业上市公司数字化转型对创新效率的影响呈倒“U”的非线性关系,即数字化转型与创新效率间存在“数字化悖论”;融资约束在数字化转型与创新效率间存在中介效应,适度数字化转型可通过缓解融资约束显著提高创新效率。该回归结果能够丰富建筑业数字化转型与创新之间的相关研究,为提高建筑业创新效率提供理论参考。

In the era of digital economy,the trend of digital transformation is unstoppable.How to promote the high-quality development of construction industry through digital technology still needs our focus.Based on the data of 105 Chinese A-share listed companies in construction industry from 2010 to 2021,the empirical analysis shows that:the impact of digital transformation on innovation efficiency of listed companies in construction industry presents an inverted“U”nonlinear relationship,that is,there is a“digital paradox”between digital transformation and innovation efficiency;Financing constraints have an intermediary effect between digital transformation and innovation efficiency,that is,moderate digital transformation can significantly improve innovation efficiency by easing financing constraints.The results of this regression are expected to enrich the research on the relationship between the digital transformation and innovation of the construction industry,and provide theoretical reference for promoting the innovation efficiency of the construction industry.