数字化转型对企业新质生产力的影响研究——基于生产力要素视角和A股上市公司数据

Research on the Impact and Mechanism of Digital Development on New Qualitative Productivity of Enterprises:Based on the Perspective of Productivity Factors and A-share Listed Companies

新质生产力概念的提出是对当前生产力发展趋势的一次高度概括,数字化转型已成为数字时代企业发展的基本要求,基于生产力四要素模型和2010—2020年中国A股上市公司数据,对数字化转型和新质生产力的关系进行研究,结果表明:数字化转型可以显著提高上市公司新质生产力水平,这一作用在非国有企业、重点产业企业和经济发达地区企业中更加显著;数字化转型能通过降低企业经营成本、提升企业生产效率和降低企业经营风险三种机制影响企业新质生产力水平;进一步研究发现,数字化转型对企业新质生产力的影响存在“U”型关系,在企业数字化转型初期呈现新质生产力降低的现象,随着数字化转型的持续开展,新质生产力水平呈上升趋势。

The proposal of the concept of new quality productivity is a high-level summary of the current trend of productivity devel-opment,and digital transformation has become a basic requirement for the development of enterprises in the digital age,based on the data of A-share listed companies in China from 2010 to 2020,this study empirically tests the impact of digital development on new quality productivity of enterprises.The results indicate that digital development can significantly improve the level of new quality productivity of listed enterprises using the four element model,which is more significant in non-state-owned enterprises,key industrial enterprises,and enterprises in economically developed regions;Digital development can affect the level of new productivity of enterprises through three mechanisms:reducing operating costs,improving production efficiency,and mitigating operational risks;Further research has found that the impact of digital development on the new quality productivity of enterprises has a"U"-shaped effect.In the early stages of enterprise digital construction,there is a decrease in new quality productivity.With the continuous development of digital construction,new quality productivity shows an upward trend.