Fair Competition Review,New Quality Productive Forces and Digital Transformation of Enterprises
The digital economy is a combined form of new quality productive forces.As an important compo-nent of a high level socialist market economy system,fair competition review system can stimulate enterprises'in-novation vitality and motivation of digital transformation,thus promoting the development of new quality produc-tive forces.This paper explores the policy effect of the fair competition review system on the digital transformation of enterprises by using difference-in-differences model.The study finds that the system can significantly increase the level of enterprise digital transformation in regions with higher administrative monopoly,and that it is the pro-motion of underlying technology using that drives enterprise digital transformation,highlighting the fundamental role of competition policy.Mechanism tests show that fair competition review system can drive the digital transfor-mation of enterprises by facilitating the flow of innovation factors,optimizing the allocation of credit resources and improving the institutional environment for digital development,meanwhile removing the impediments that hamper the development of new quality productive forces.Analyses of heterogeneity around fair competition review criteria,patterns and objectives find that the policy shows ownership and size preferences for private and smaller firms,and has a greater impact on firms with higher systemic transaction costs.When a region has better self-censorship and external supervision mechanisms,policy effects work better.Finally,the test of the collaborative effect between competition policy and industrial policy shows that both central and provincial industrial policy have formed a co-operation power with the fair competition review system.It indicates that an efficient market and a well-function-ing government promote the digital transformation process of enterprises together.The conclusion of this article can provide theoretical support and empirical evidence for the fair competition review system to promote the agglomera-tion of various advanced production factors towards the development of new quality productive forces.
万方数据
维普
