面对 COVID-19，数字化转型是否增强了企业的应变能力？来自中国的证据

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2024-11-01 DOI:10.1016/j.irfa.2024.103709

Yihui Chen , Qingfeng Cai , Zhenkai Wang , Zhenfeng Xu

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引用次数: 0

摘要

基于 3146 家中国 A 股上市公司，我们发现数字化转型显著增强了企业在 COVID-19 大流行病面前的抗灾能力，包括利用横截面数据构建的传统企业抗灾能力和利用面板数据构建的预期抗灾能力。这一发现在普通最小二乘法和广义差分分析中都是一致的。此外，数字化转型对企业应变能力的提升作用对于位于数字经济水平较低地区的企业、劳动和资本密集型企业、小型企业和私营企业来说更为明显。此外，我们还发现，数字化转型对企业应变能力的增强作用是通过提高企业的运营效率、增加企业供应商和客户的多样性以及增强企业在大流行病期间的融资能力来实现的。

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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Has digital transformation enhanced the corporate resilience in the face of COVID-19? Evidence from China

Based on 3146 Chinese A-share listed firms, we reveal that digital transformation significantly enhances corporate resilience, including both traditional corporate resilience constructed using cross-sectional data and anticipated resilience built using panel data, in the face of the COVID-19 pandemic. This finding is consistent across both Ordinary Least Squares and generalized Difference-in-Differences analyses. Moreover, the enhancing effect of digital transformation on corporate resilience is more pronounced for firms located in regions with a low level of digital economy, labour- and capital-intensive firms, small firms, and private firms. Furthermore, we find that the enhancing effect of digital transformation on corporate resilience is achieved by improving firms' operational efficiency, increasing diversity in the firms' suppliers and customers, and enhancing firms' financing capabilities during the pandemic.

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来源期刊

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.