体育用品制造企业数字化建设对其高质量发展的影响及作用机制——基于沪深A股和新三板的体育用品制造企业的实证研究

The Impact and Mechanismof Digitization Transformation on the High Quality Development of Sporting Goods Manufacturing Enterprises——An empirical study based on Shanghai and Shenzhen A-share and New Third Board enterprises

运用文本挖掘法分析沪深A股体育用品制造企业和新三板体育用品制造企业在2010—2021年的企业年报,基于样本企业在2010—2021年的非均衡面板数据评估企业数字化建设水平,在此基础上分析样本企业通过数字化建设对自身高质量发展的影响及作用机制。经研究表明:1)样本企业通过数字化建设能有效促进自身高质量发展,该结论在经过稳健性检验和内生性检验后依然成立;2)样本企业人力资本结构调整和组织集权强化在通过数字化建设促进企业自身高质量发展时存在中介效应;3)样本企业数字化建设显著增加了研发投入,但是研发投入增加在数字化建设促进企业自身高质量发展时存在遮掩效应;4)数字化建设能减少融资约束,但是融资约束减少对样本企业高质量发展的推动效应在短期内难以显现;5)大型样本企业、劳动密集型样本企业和资本密集型样本企业通过数字化建设能有效促进企业自身高质量发展,但是中小型样本企业在以数字化建设促进自身高质量发展时存在阻力。由此得出相关启示。

Based on the unbalanced panel data of Shanghai and Shenzhen A-share and New Third Board sporting goods manufacturing enterprises,text mining method is used to analyze the objective evaluation of annual reports of the sample enterprises and assess the level of digitization of the enterprises,this paper reveals the impact and mechanism of digitization on the high-quality development for these sporting goods manufacturing enterprises.The paper points out:1)digitization can effectively promote the high-quality development of sporting goods manufacturing enterprises,and this conclusion still holds after the robustness test and endogeneity test;2)digitization can promote the upgrading of human capital structure,strengthen the organizational centralization,and have a mediating effect on promoting the high-quality development of sporting goods manufacturing enterprises through digital construction;3)digitization significantly increases Research and Development(R&D)investment,but the effect of R&D investment on the high-quality development of these sporting goods manufacturing enterprises is masked by the effect of digitalization;4)digitalization can ease the relaxation of financing constraints,but the degree of financing constraints to reduce the promotion of high-quality development of sporting goods manufacturing enterprises in the short term is difficult to show;5)digitalization can effectively promote the high-quality development of large-scale sporting goods manufacturing enterprises,labor-intensive sporting goods manufacturing enterprises and capital-intensive sporting goods manufacturing enterprises,but in the promotion of small and medium-sized sporting goods manufacturing enterprises in high-quality development is still a challenge.Therefore,relevant enlightenment is drawn.