数字化转型与企业创新绩效:内部薪酬差距的调节效应

Digital Transformation and Corporate Innovation Performance:the Regulatory Effect of Internal Pay Gap

基于2007—2021年我国上市公司的数据,从内部薪酬差距的角度,实证检验数字化转型与企业创新绩效之间的关系。结果显示:数字化转型对企业创新绩效具有显著的正向影响;内部薪酬差距在数字化转型与企业创新绩效的关系中发挥了正向调节作用;进一步异质性分析表明,内部薪酬差距的正向调节作用在国有企业以及政府补贴较高的企业中更为显著。研究对于企业数字化转型战略的实施及其内部薪酬差距的合理调整具有重要的现实意义。

The report of the 20th National Congress of the Communist Party of China empha-sizes the need to"further integrate the digital economy with the real economy".It calls for the ac-celerated development of future industrial chains based on new quality productivity and making up for the shortcomings in the supply chain of Chinese industrial enterprises by strengthening in-dependent innovation to accelerate the intelligent,green,and integrated development of China's industries.In the new round of global scientific and technological revolution,digital transforma-tion,as a key link,has become a focus of extensive discussion in academia regarding its impact on enterprise innovation performance.Although existing research has provided macroscopic evi-dence of the varying effects of different levels of digital transformation on innovation perfor-mance,there remains a lack of investigation into the regional and property rights heterogeneity of digital transformation.Digital transformation in enterprises is a systematic project.Innovation be-havior is characterized by strong externalities,intersectionality,and complexity.Consequently,achieving high-quality development amidst high investment,high risk,and lengthy innovation cycles presents a challenge,particularly concerning the relationship between the internal salary gap and optimal innovation performance.To discuss this issue,this study analyzes China's A-share listed companies from 2007 to 2021 to empirically test the relationship between enterprise digital transformation and innovation performance,and the regulatory role of internal salary gaps in this relationship.The findings in-dicate that digital transformation has a significant positive impact on enterprise innovation per-formance,and this conclusion still holds after a series of robustness tests.Additionally,internal salary gaps play a positive regulatory role in the relationship between enterprise digital transfor-mation and innovation performance.Heterogeneity analysis shows that the positive regulatory ef-fect of internal salary gaps on the relationship between enterprise digital transformation and inno-vation performance is more pronounced in enterprises located in eastern regions,state-owned enterprises,and those receiving high levels of government subsidies.This research enriches the existing literature on the impact of enterprise heterogeneity on digital transformation and pro-vides a new perspective for regional development and policy formulation.Compared with existing research,the marginal contributions of the study are mainly re-flected in three aspects.First,it enriches the relevant research on the impact of digital transfor-mation on enterprise innovation performance and provides a new empirical foundation for innovation-driven,high-quality development under the current digital economy background.Second,it delves into the internal factors influencing the relationship between digital transforma-tion and enterprise innovation performance by examining internal salary gaps and provides valu-able guidance for enterprises to develop internal systems that align with digital transformation ef-forts.Third,it explores the heterogeneous influence between digital transformation and innova-tion performance from the aspects of regional development,property rights nature,and govern-ment subsidies.This research expands the literature on enterprise digital transformation and in-novation performance and provides useful strategic recommendations for both governments and managers in formulating innovation performance strategies.