首页|董事会国际化对企业数字化转型的影响——基于A股上市公司的经验证据

董事会国际化对企业数字化转型的影响——基于A股上市公司的经验证据

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数字化转型作为企业重要的战略之一,对经济高质量发展意义重大.本文立足于董事会组成结构,基于2011-2021年沪深A股上市公司数据,探究了董事会国际化对企业数字化转型的影响及内在机制.研究结果表明,董事会国际化对企业数字化转型具有显著的促进作用,该结论在经过一系列稳健性及内生性检验后依然成立.机制检验结果表明,董事会国际化可通过缓解融资约束,提高企业风险承担能力和内部控制水平,共同推动企业数字化转型.进一步研究发现,企业面临的市场竞争强度以及外部不确定性越大,其董事会国际化对企业数字化的促进作用便越明显,且董事会国际化可通过促进数字化转型提升企业创新绩效.因此,政府和相关机构应鼓励和引导企业董事会的国际化发展,完善相关法律法规并合理使用相关政策工具,为企业提供更为便利的融资条件,为企业提供数字化转型的资金需求,助力企业在全球数字化变革中实现高质量转型发展.
The Impact of Board Internationalization on Corporate Digital Transformation——Based on Empirical Evidence from A-share Listed Companies
Digital transformation,as one of the important strategies of various enterprises,is of great significance for the high development of China's economy.Based on the composition of the board of directors and the data of A-share listed compa-nies in Shanghai and Shenzhen from 2011-2021,this paper explores the impact of internationalization of the board of directors on enterprise digital transformation and its internal mechanism.The research results indicate that the internationalization of the board of directors has a significant promoting effect on the digital transformation of enterprises,and this result is still valid af-ter a series of robustness and endogeneity tests.The mechanism test results indicate that the internationalization of the board of directors can jointly promote the digital transformation of enterprises by alleviating financing constraints,improving the risk-taking ability of enterprises,and enhancing internal control levels.Further research has found that the greater the intensity of market competition and external uncertainty faced by enterprises,the more significant the promoting effect of board interna-tionalization on enterprise digitization,and board internationalization can improve enterprise innovation performance by promo-ting digital transformation.Therefore,the government and relevant institutions should encourage and guide the internationali-zation of corporate boards,improve relevant laws and regulations,and make reasonable use of relevant policy tools to provide more convenient financing conditions for enterprises,help enterprises meet their funding needs for digital transformation,and assist Chinese enterprises in high-quality transformation and upgrading in the global digital transformation.

board of directorsinternationalizationdigital transformationenterprise innovation

张耀军、高又壬、任羽卓

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中国人民大学应用经济学院,北京 100872

中国人民大学经济学院,北京 100872

董事会 国际化 数字化转型 企业创新

国家社会科学基金重大项目

18ZDA131

2024

河南师范大学学报(哲学社会科学版)
河南师范大学

河南师范大学学报(哲学社会科学版)

CSSCICHSSCD北大核心
影响因子:0.475
ISSN:1000-2359
年,卷(期):2024.51(1)
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