二十大号召优化创新资源配置,促进科技高效创新以驱动实体企业高质量发展。本文基于2015~2019年中国A股上市公司面板数据,探究数字化转型对企业创新资源错配的影响及路径。研究发现,数字化转型能够显著改善企业创新资源错配,进行内生性...二十大号召优化创新资源配置,促进科技高效创新以驱动实体企业高质量发展。本文基于2015~2019年中国A股上市公司面板数据,探究数字化转型对企业创新资源错配的影响及路径。研究发现,数字化转型能够显著改善企业创新资源错配,进行内生性检验和稳健性检验后,结论仍然成立。机制研究表明,数字化转型通过市场整合效应和数字垄断效应影响总体创新资源错配,且分别通过成本节约效应、优化劳动力分工和改变创新要素投入偏向改善创新资本错配、创新劳动力错配。异质性分析显示,数字化转型对非国有、技术密集型和低碳排放企业创新资源错配改善效果较强。进一步研究发现,数字化转型会加剧企业内和企业间收入分配差距。本文结论为新发展格局下推动企业数字化高质量发展与共同富裕提供了有益启示。The 20th National Congress of the Communist Party of China called for optimizing the allocation of innovation resources and promoting efficient innovation in science and technology to drive the high-quality development of real enterprises. Based on the panel data of China’s A-share listed companies from 2015 to 2019, this paper explores the impact and path of digital transformation on the misallocation of enterprise innovation resources. The results show that digital transformation can significantly improve the misallocation of enterprise innovation resources, and the conclusion is still valid after the endogeneity test and robustness test. Mechanism research shows that digital transformation affects the overall misallocation of innovation resources through the effect of market integration and digital monopoly, and improves the misallocation of innovation capital and innovation labor through the cost saving effect, the optimization of labor division and the change of innovation factor input bias, respectively. Heterogeneity analysis shows that digital transformation has a strong effect on improving the misallocation of innovation resources in non-state-owned, technology-intensive and low-carbon emission enterprises. Further research finds that digital transformation will exacerbate the income distribution gap within and between enterprises. The conclusion of this paper provides useful enlightenment for promoting the high-quality digital development and common prosperity of enterprises under the new development pattern.展开更多
文摘二十大号召优化创新资源配置,促进科技高效创新以驱动实体企业高质量发展。本文基于2015~2019年中国A股上市公司面板数据,探究数字化转型对企业创新资源错配的影响及路径。研究发现,数字化转型能够显著改善企业创新资源错配,进行内生性检验和稳健性检验后,结论仍然成立。机制研究表明,数字化转型通过市场整合效应和数字垄断效应影响总体创新资源错配,且分别通过成本节约效应、优化劳动力分工和改变创新要素投入偏向改善创新资本错配、创新劳动力错配。异质性分析显示,数字化转型对非国有、技术密集型和低碳排放企业创新资源错配改善效果较强。进一步研究发现,数字化转型会加剧企业内和企业间收入分配差距。本文结论为新发展格局下推动企业数字化高质量发展与共同富裕提供了有益启示。The 20th National Congress of the Communist Party of China called for optimizing the allocation of innovation resources and promoting efficient innovation in science and technology to drive the high-quality development of real enterprises. Based on the panel data of China’s A-share listed companies from 2015 to 2019, this paper explores the impact and path of digital transformation on the misallocation of enterprise innovation resources. The results show that digital transformation can significantly improve the misallocation of enterprise innovation resources, and the conclusion is still valid after the endogeneity test and robustness test. Mechanism research shows that digital transformation affects the overall misallocation of innovation resources through the effect of market integration and digital monopoly, and improves the misallocation of innovation capital and innovation labor through the cost saving effect, the optimization of labor division and the change of innovation factor input bias, respectively. Heterogeneity analysis shows that digital transformation has a strong effect on improving the misallocation of innovation resources in non-state-owned, technology-intensive and low-carbon emission enterprises. Further research finds that digital transformation will exacerbate the income distribution gap within and between enterprises. The conclusion of this paper provides useful enlightenment for promoting the high-quality digital development and common prosperity of enterprises under the new development pattern.
