Can digital transformation promote high-technology firms’ trans-regional investment?

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-12-04 DOI:10.1016/j.frl.2024.106575

Hongrui Yang, Yuan Zhang

引用次数: 0

Abstract

This study investigates the correlation between the trans-regional investment of high-tech firms and digital transformation. We employ a two-fixed model based on listed firms from 2011 to 2022 to investigate the effects and fundamental mechanisms. Findings suggest that digital transformation can encourage high-tech firms to invest in trans-regional markets. This investment is accomplished by reducing costs, eliminating information asymmetry, and improving specialization and division of labor. This study examines how digital economic development is altering regional economic geography on a small scale, providing novel evidence and insights.

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数字化转型能否促进高科技企业的跨区域投资？

本文研究了高科技企业跨区域投资与数字化转型的关系。本文以2011 - 2022年的上市公司为样本，采用双固定模型研究了这一效应及其基本机制。研究结果表明，数字化转型可以鼓励高科技企业投资跨区域市场。这种投资是通过降低成本、消除信息不对称、提高专业化和分工来实现的。本研究考察了数字经济发展如何在小尺度上改变区域经济地理，提供了新的证据和见解。

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

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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