"反向混改"与民营企业数字化转型:国有资本参股视角
"Reverse Mixed Ownership Reform"and Digital Transformation of Private Enterprises:From the Perspective of State-owned Capital Participation
刘胜 1阮靖恩 1陈秀英2
作者信息
- 1. 广东外语外贸大学,广东广州 510006
- 2. 广东金融学院经济贸易学院,广东广州 510521
- 折叠
摘要
民营企业是推动我国经济高质量发展、建设现代化经济体系的重要主体,如何推动其数字化转型具有重要战略意义.基于资源效应和治理效应视角,探讨国有资本参股这一"反向混改"形式对民营企业数字化转型的影响,发现国有资本参股对民营企业数字化转型具有显著促进作用,经过一系列稳健性检验该实证结果依然成立.机制分析发现,国有资本参股有利于缓解民营企业数字化人才匮乏和代理冲突问题,进而可赋能其数字化转型.异质性分析表明,中小规模民营企业、成长性较高的民营企业、行业集中度较高的民营企业及单一国有股东参股的民营企业,其国有资本参股的数字化激励效应更为显著.该结论为明晰国有资本参股民营企业共同推动数字化发展的联动机理、依托"反向混改"激发民营经济发展活力提供了经验证据和路径参考.
Abstract
Private enterprises are an important entity in promoting high-quality economic development and building a modern economic system in China.How private enterprises can promote their digital transforma-tion is of great strategic significance.Based on the perspectives of resource effect and governance effect,this paper explores the impact of state-owned capital participation in the"reverse mixed ownership reform"on the digital transformation of private enterprises.It is found that state-owned capital participation has a signifi-cant promoting effect on the digital transformation of private enterprises.And this empirical result persists e-ven after a series of robustness tests.The mechanism analysis reveals that state-owned capital participation is beneficial for alleviating the shortage of digital talents and agency conflicts in private enterprises,thereby empowering their digital transformation.The heterogeneity analysis shows that the digital incentive effect of state-owned capital participation is more significant in small and medium-sized private enterprises,private enterprises with high growth potential,private enterprises with high industry concentration,and private en-terprises with single state-owned shareholder participation.These conclusions provide empirical evidence and path reference for clarifying the linkage mechanism of state-owned capital participating in private enterprises to jointly promote digital development,and stimulating the vitality of private economy development through reverse mixed ownership reform.
关键词
国有资本参股/民营企业/数字化转型/资源效应/治理效应Key words
state-owned capital participation/private enterprises/digital transformation/resource effect/governance effect引用本文复制引用
基金项目
国家社会科学基金重大项目(21&ZD123)
广东省哲学社会科学规划2023年度学科共建项目(GD23GJ113)
出版年
2024
NETL
NSTL
万方数据