数字治理、信息透明度与企业创新投入

Digital Governance,Information Transparency and Enterprise Innovation Investment

公共管理的数字化作为全球政府治理的重要议题,是构建与我国新发展格局相适配的新型政府关系的根本要求。本文选取2019—2021年中国沪深A股上市公司,探究我国数字治理、信息透明度与企业创新投入的关系。研究发现,数字治理能够推动我国企业创新投入,这一关系的实现路径主要依靠信息透明度提升带来的企业寻租成本下降和融资约束缓解。进一步研究发现,数字治理对企业创新投入的推动效应在东部地区、规模较大企业中的作用效果更显著。为推动我国经济高质量发展,政府应加快政务数字化、信息化,推动治理数字化,发挥资源分配优势调节数字治理形成的差距。

The digitization of public management,as an important issue of global government governance,is a fundamental requirement for building a new type of government relationship that is compatible with China's new development pattern.Using non-financial listed companies on the Shanghai and Shenzhen A-shares of China from 2019 to 2021 as samples,this paper explores the relationship between digital governance,information transparency and corporate innovation investment.The conclusion is as follows:Digital governance can promote innovation investment in Chinese enterprises,which still holds true after a series of robustness tests.The promoting effect is reflected in the improvement of information transparency,which is manifested as the reduction of rent-seeking costs and the alleviation of financing constraints.Further research has found that the promoting effect of digital governance on corporate innovation investment is more significant in the eastern region and larger enterprises.To promote high-quality economic development,the government can accelerate the digitization and informatization of government affairs to promote digital governance,and the central government can leverage its resource allocation advantages to regulate the differences in digital governance.