Research on the Effect of Digital Technology Driving the High Quality Competition in the Market:——Based on Threshold Effect Analysis of A-share Listed Companies
This paper defines and measures the level of high-quality competition in China's market from the four dimensions of fairness, profitability, innovativeness and development, and empirically tests the nonlinear effect of digital technology driving high-quality competition in China's market based on the panel data of A-share listed companies. This paper finds that digital technology can drive high-quality competition in the market, and has a significant double threshold effect. With the development of digital technology, the level of high-quality competition in the market shows a decreasing marginal effect on the left side of the inverted U-shaped curve. The heterogeneity test shows that the effect of high-quality competition driven by digital technology is increasing in the eastern, central and western regions. Under the background of the wide application of digital technology, we should not only give full play to the innovation-driven advantages of digital technology to reduce cost and increase efficiency, but also prevent the disadvantages such as monopoly division caused by disorderly expansion.
digital technologymarket competitionhigh-quality developmentthreshold effect
万方数据
