银行竞争对企业数字化转型的影响——来自中国商业银行分支机构的经验证据

Impact of Banking Competition on Enterprise Digital Transformation——Empirical Evidence from Chinese Commercial Bank Branches

利用中国商业银行分支机构和沪深A股上市公司数据,考察银行竞争对企业数字化转型的影响。研究发现,银行竞争通过有效缓解融资约束、降低经营风险和提高研发创新能力显著促进了企业数字化转型,且这一促进作用在国有银行占比较低、存在外来银行进入和市场化程度较高的地区以及聘请金融背景高管的企业中更为明显。进一步研究发现,银行竞争通过推动企业数字化转型不仅有助于提升企业全要素生产率,也促进了企业跨区域投资。

Using the data from Chinese commercial bank branches and A-share listed companies in Shanghai and Shenzhen,this study examined the impact of banking competition on enterprise digital transformation.The findings revealed that banking competition significantly promoted enterprise digital transformation by effectively alleviating financing constraints,reducing operational risks,and enhancing R&D innovation capability.This promotional effect was more pronounced in regions where state-owned banks had a lower presence,where there was entry by foreign banks,and where the degree of marketization was higher,as well as in companies that hired executives with a financial background.Further research found that banking competition not only helped to improve the total factor productivity of enterprises through promoting their digital transformation,but also facilitated cross-regional enterprise investment activities.