连锁股东对企业数字化转型的影响研究

The Impact of Cross-ownership on Corporate Digital Transformation

以2007—2021年A股上市企业数据为研究样本,探究连锁股东对企业数字化转型的影响。研究结果表明,连锁股东能够有效推动企业进行数字化转型,该结果在进行稳健性和内生性检验后依然成立,机制分析表明连锁股东可能通过提升内部控制质量、促进创新和发挥同群效应推动企业进行数字化转型。连锁股东的推动作用在竞争激烈的行业、高科技行业以及国有企业中效果更强。

Using data from A-share listed companies for the period of 2007 to 2021 as the research sample,this study explores the impact of cross-ownership on corporate digital transformation.The research findings indicate that cross-ownership can effectively drive companies to undergo digital transformation,and this result holds even after robustness and endogeneity tests.Mechanism analysis suggests that cross-ownership may promote corporate digital transformation by enhancing internal control quality,fostering innovation,and leveraging peer effects.The facilitating role of cross-ownership is more pronounced in highly competitive industries,high-tech sectors,and state-owned enterprises.