The Impact and Mechanisms of Smart City Policies in Promoting Enterprise Digital Transformation

IF 2.7 3区经济学 Q2 ECONOMICS

Managerial and Decision Economics Pub Date : 2025-10-27 DOI:10.1002/mde.70033

Long Song, Ruiting Sun

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引用次数: 0

Abstract

Amid global economic restructuring, enterprise digital transformation has emerged as a critical strategy for enhancing competitiveness and upgrading industrial structures. As a major policy instrument to foster the digital economy, the effects of China's smart city pilot program on enterprise digital transformation remain insufficiently understood. Drawing on data from Chinese A-share listed firms over the period 2007–2024, this study employs a multiperiod difference-in-differences (DID) design to evaluate the policy's impact and to investigate its underlying mechanisms and heterogeneity. The findings indicate that the smart city initiative significantly accelerates enterprise digital transformation, primarily through three production factors: talent agglomeration, technological innovation, and capital support. Heterogeneity analyses further reveal that the effects differ across firms, industries, institutional contexts, and regions. These results provide new insights for optimizing smart city policy design to promote more effective digital transformation of enterprises.

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智慧城市政策对企业数字化转型的影响及机制研究

在全球经济结构调整的背景下，企业数字化转型已成为提升竞争力和产业结构升级的重要战略。作为促进数字经济的主要政策工具，中国智慧城市试点项目对企业数字化转型的影响仍未得到充分认识。本研究利用2007-2024年中国a股上市公司的数据，采用多期差异中差异（DID）设计来评估政策的影响，并探讨其潜在机制和异质性。研究结果表明，智慧城市倡议主要通过人才集聚、技术创新和资本支持三个生产要素显著加速企业数字化转型。异质性分析进一步揭示了企业、行业、制度背景和地区之间的影响差异。这些结果为优化智慧城市政策设计，促进企业更有效的数字化转型提供了新的见解。

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来源期刊

Managerial and Decision Economics Multiple-

CiteScore

1.40

自引率

18.20%

发文量

242

期刊介绍： Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.