汇率波动如何影响企业数字化转型
How Exchange Rate Fluctuation Affects Digital Transformation of Enterpries
祝树金 1喻紫陌 1李江2
作者信息
- 1. 湖南大学 经济与贸易学院,湖南 长沙 410079
- 2. 长沙理工大学 经济与管理学院,湖南 长沙 410076
- 折叠
摘要
使用 2007-2016 年中国上市企业数据和海关出口数据,考察人民币汇率波动对中国企业数字化转型策略的影响.研究发现,汇率波动的加剧显著促进了企业的"数字技术应用"类转型,而对"底层技术架构"类转型没有显著影响,并且该影响效应在杠杆率高的企业、出口强度大的企业以及融资约束大的企业中更明显.进一步的研究发现,人民币汇率波动通过影响企业面临的市场竞争程度和经营风险水平影响企业数字化转型,倒逼企业选择相适应的转型策略,加快数字化转型进程.
Abstract
Using the data from Chinese listed companies and customs exports from 2007 to 2016,we examine the impact of RMB exchange rate fluctuations on Chinese enterprises'digital transformation strategies of enterpri-ses.It is found that the intensification of exchange rate fluctuations significantly promotes the transformation of digital technology applications,but has no significant impact on the transformation of underlying technology archi-tecture,and the effect is more pronounced in enterprises with higher leverage ratio,enterprises with higher export intensity and those with larger financing constraints.Further research finds that the fluctuation of RMB exchange rate affects the digital transformation of enterprises through the degree of market competition and business risk level,forcing enterprises to choose appropriate transformation strategies and accelerate the process of digital trans-formation.
关键词
汇率波动/企业数字化转型/市场竞争程度/经营风险Key words
exchange rate fluctuation/enterprise digital transformation/the degree of market competi-tion/business risks引用本文复制引用
基金项目
国家社会科学基金重大项目(22&ZD100)
国家自然科学基金项目(72173040)
湖南省社会科学成果评审委员会课题(XSP24YBZ067)
出版年
2024
国家科技期刊平台
NSTL
万方数据