Broadband infrastructure and enterprise digital transformation: Evidence from China

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2024-10-28 DOI:10.1016/j.ribaf.2024.102645

Meng Li , Zhengqi Wang , Linhan Shu , Haoyu Gao

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Abstract

Broadband infrastructure, as a basis of digital economic development, plays an important role in accelerating the enterprise digital transformation. Using the “Broadband China” strategy as a quasi-natural experiment, this paper investigates whether and how the broadband infrastructure affects enterprise digital transformation. We find that the construction of broadband infrastructure significantly increases enterprise digital transformation. The underlying mechanism is that the broadband infrastructure mitigates transformation costs and facilitates competition among peers within the same industry, thereby promoting enterprise digital transformation from both active and passive aspects. The effect is magnified when enterprises are small-scale, non-SOEs and in high-tech or technology-intensive sectors. Under the rapid development of the digital economy, this paper contributes to the economic consequences of the broadband infrastructure and offers empirical support for enterprise digital transformation.

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宽带基础设施与企业数字化转型：来自中国的证据

宽带基础设施作为数字经济发展的基础，在加速企业数字化转型中发挥着重要作用。本文以 "宽带中国 "战略为准自然实验，研究了宽带基础设施是否以及如何影响企业数字化转型。我们发现，宽带基础设施的建设显著提高了企业数字化转型的速度。其根本机制在于，宽带基础设施降低了转型成本，促进了同行业间的竞争，从而从主动和被动两个方面促进了企业数字化转型。当企业规模较小、为非国有企业、属于高科技或技术密集型行业时，这种效应会被放大。在数字经济快速发展的背景下，本文对宽带基础设施的经济后果做出了贡献，并为企业数字化转型提供了实证支持。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

期刊介绍： Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance