数字化转型对企业全要素生产率的影响效应——基于中国上市能源企业的经验证据

Impact of Digital Transformation on Enterprise Total Factor Productivity:Empirical Evidence based on Listed Energy Firms in China

数字化转型已成为企业保持竞争力的必要条件。选取沪深两市A股上市能源企业的面板数据,利用企业年报文本识别方法刻画数字化转型的强度,实证检验了数字化转型对能源企业全要素生产率的影响效应。研究表明,数字化转型有效促进能源企业的全要素生产率提升。就不同能源企业而言,数字化转型对能源企业全要素生产率的驱动效果具有较强的非对称性。具体而言,数字化转型对国有企业、成长型企业、成熟型企业以及东部地区企业全要素生产率的促进作用得到了更充分的释放。

Digital transformation has become a necessity for enterprises to maintain their competitiveness.Based on a sample of Shanghai and Shenzhen A-share listed energy enterprises,this paper uses the method of text recognition of enterprises'annual reports to portray the intensity of digital transformation and empirically examines the relationship between digital transformation and energy companies'total factor productivity.The findings show that digital transformation can significantly boost the total factor productivity of energy enterprises.The driving effect of digital transformation on the total factor productivity of energy firms has a strong asymmetric character for different firms.Specifically,the boosting effect of digital transformation on the total factor productivity of state-owned enterprises,growing and mature firms and eastern firms is more fully released.