数字化转型、技术创新与高技术产业绩效

Digital Transformation,Technological Innovation and Performance of High⁃tech Industry

数字化转型是影响高技术产业发展的重要外部要素,技术创新是重要内部要素,在同一框架下研究两者对利润和营业收入的影响十分必要。在理论分析的基础上,基于联立方程模型、面板门槛模型和贝叶斯向量自回归模型,从宏观上对高技术产业进行全面系统的分析。结果表明,数字化转型能够较好地促进高技术产业利润和营业收入的提升,不存在新索洛悖论现象;技术创新对高技术产业利润和营业收入的影响并未有明显体现,存在创新悖论;数字化转型与技术创新具有良好的互动效应,但是其协调水平有待提高;数字化转型在技术创新对利润或营业收入的作用中发挥中介效应;当数字化转型或技术创新水平较高时,数字化转型对企业绩效的作用更大。

Digital transformation is an important external factor for the development of high‑tech industry,and technological innovation is an important internal factor.It is necessary to study the impact of the two on profits and operating income under the same framework.On the basis of theoretical analysis,the simultaneous equation model,panel threshold model and Bayesian vector autoregressive model,a comprehensive and systematic analysis of high‑tech industries is carried out from a macro perspective.The results show that digital transformation can effectively promote the increase of profit and operating revenue in high‑tech industries,without the phenomenon of the New Solo paradox.Technological innovation has poor performance on high‑tech industry profits and operating income,and there is an innovation paradox.Digital transformation and technological innovation have a good interactive effect,but their coordination level needs to be improved.Digital transformation plays an intermediary effect in the effect of technological innovation on profit or operating income.When the level of digital transformation or technological innovation is high,digital transformation has a greater effect on enterprise performance.