企业数字化转型是逆周期的吗?

IF 1.9 Q2 BUSINESS, FINANCE
Shuai Wang , Xi Chen , Qinggang Wang
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引用次数: 0

摘要

本文以中国上市公司为研究对象,实证检验经济周期与企业数字化转型之间的关系。我们发现,企业在经营收缩期间的数字化转型水平较高,数字化转型具有逆周期效应,在非国有企业和低技能劳动力比例高、成长性高的企业中,数字化转型的逆周期效应明显更强,而在财务困境的企业中,数字化转型的逆周期效应明显更弱。收缩期间的数字化转型可以在随后的一到三年内提高融资可及性,优化劳动力结构并改善公司治理。这可以缓解经济收缩的压力。我们的研究丰富了经济周期与数字化转型的相关文献,为政府和企业更好地把握宏观经济趋势、推进数字化转型、促进经济高质量发展提供了参考。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Is corporate digital transformation counter-cyclical?
In this paper, we assess listed companies in China to empirically examine the relationship between economic cycles and corporate digital transformation. We find that enterprises undergo a higher level of digital transformation during business contraction, and digital transformation exerts a counter-cyclical effect, which is significantly stronger in non-state-owned enterprises and enterprises with a high proportion of low-skilled labor and a high growth level, but significantly weaker in enterprises in financial distress. Digital transformation during periods of contraction can enhance financing accessibility, optimize labor structures and improve corporate governance over the subsequent one to three years. This can alleviate the pressure of economic contraction. Our study contributes to the literature on economic cycles and digital transformation and provides insights enabling governments and enterprises to better understand macroeconomic trends, advance digital transformation and promote high-quality economic development.
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来源期刊
CiteScore
4.70
自引率
0.00%
发文量
295
审稿时长
15 weeks
期刊介绍: The focus of the China Journal of Accounting Research is to publish theoretical and empirical research papers that use contemporary research methodologies to investigate issues about accounting, corporate finance, auditing and corporate governance in the Greater China region, countries related to the Belt and Road Initiative, and other emerging and developed markets. The Journal encourages the applications of economic and sociological theories to analyze and explain accounting issues within the legal and institutional framework, and to explore accounting issues under different capital markets accurately and succinctly. The published research articles of the Journal will enable scholars to extract relevant issues about accounting, corporate finance, auditing and corporate governance related to the capital markets and institutional environment.
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