首页|数字化转型如何促进资本跨地域流动?——基于上市公司新增异地子公司的证据

数字化转型如何促进资本跨地域流动?——基于上市公司新增异地子公司的证据

扫码查看
原文链接
  • NETL
  • NSTL
  • 万方数据
本文在建设全国统一大市场、构建新发展格局的背景下,实证检验企业数字化转型对资本跨地域流动的影响及机制.研究发现,企业提高数字化水平可以显著促进资本跨地域流动,具体表现为新增异地子公司数量的提高,且能够在较长的时间序列内形成具有叠加特征的促进作用,并呈现出结构异质性的特点.数字化水平提升对资本跨地域流动的促进作用主要通过提高全要素生产率和优化人力资本结构的渠道实现;以财政补贴为表现的政企关系负向影响企业数字化水平对资本跨地域流动的促进作用.
How Does Digital Transformation Promote Cross-Regional Capital Flow?——Evidence Based on Listed Companies
Against the background of building a national unified large market and constructing a new development pat-tern,this paper empirically tests the impact and mechanism of enterprise digital transformation on capital cross-regional flow.It is found that the improvement of the digitalization level can significantly promote the cross-regional capital flow,which specifically is reflected in the increase in the number of new non local subsidiaries,and can form a promoting effect with overlapping characteristics over a long time series and exhibit structural heterogeneity.The promotion effect of the digitalization improvement on the cross-regional capital flow is mainly realized through the channels of improving total fac-tor productivity and optimizing human capital structure.However,the government-enterprise relationship represented by fi-nancial subsidies has a negative effect on the effect of enterprise digitization level on the cross-regional capital flow.

digital transformationcross-regional capital flownon local subsidiarytotal factor productivitygovernment-enterprise relationship

王营、崔楷净

展开 >

山东财经大学金融学院(济南,250002)

山东财经大学金融学院

数字化转型 资本跨地域流动 异地子公司 全要素生产率 政企关系

教育部人文社科规划基金项目山东省自然科学基金面上项目山东省社会科学规划研究一般项目

23YJA790081ZR2023MG01823CJJJ14

2024

金融论坛
城市金融研究所 中国城市金融学会

金融论坛

CSTPCDCSSCICHSSCD北大核心
影响因子：1.83
ISSN：1009-9190
年,卷(期)：2024.29(6)
  • 30