The Spatial Non-Uniform Effect of Financial Agglomeration on Corporate Digital Transformation
This study constructs a spatial econometric model using provincial panel data from 2011 to 2022 to empirically test the impact of financial agglomeration on corporate digital transformation and its spatial effects.The findings reveal that financial agglomera-tion significantly drives corporate digital transformation and exhibits significant positive spatial correlation.When examining different forms of financial agglomeration,the agglomeration of the banking industry has a greater promotional and spillover effect on corporate digital transformation.In terms of corporate attributes,local financial agglomeration has a greater driving effect on the digital transforma-tion of state-owned enterprises and non-high-tech companies,while the surrounding areas have a greater propelling effect on state-owned enterprises and high-tech companies.The mechanism of influence indicates that under the influence of financial regulation and marketization,financial agglomeration can complement local financial agglomeration,forming a synergistic effect that enhances corporate digital transformation.Moreover,based on the heterogeneity of financial industry agglomeration and corporate attributes,it shows certain heterogeneous effects.This paper provides policy insights on how financial agglomeration can better drive corporate digital transforma-tion.
NETL
NSTL
万方数据
