数字化转型对企业风险承担水平的影响——作用机制与影响渠道  

The Impact of Enterprise Digital Transformation on Risk Taking:The Mechanism and Path

作　　者：黄大禹 谢获宝[2] 邹梦婷 孟祥瑜 Huang Dayu;Xie Huobao;Zou Mengting;Meng Xiangyu(School of Economics and Management,Tsinghua University,Peking 100084,China;Economics and Management School of Wuhan University,Wuhan 430072,China;Wuhan University of Technology,School of Economics,Wuhan 430070,China;Inner Mongolia University of Finance and Economics,Hohhot 010070,China)

机构地区：[1]清华大学经济管理学院,北京100084 [2]武汉大学经济与管理学院,湖北武汉430072 [3]武汉理工大学经济学院,湖北武汉430070 [4]内蒙古财经大学金融学院,内蒙古呼和浩特010070

出　　处：《科技进步与对策》2023年第11期1-10,共10页Science & Technology Progress and Policy

基　　金：教育部人文社会科学研究规划基金项目(19YJA630093)。

摘　　要：数字化与智能化技术能够深刻重塑并赋能经济,企业作为宏观经济的微观载体,在数智时代下发挥何种微观效应?以企业风险承担作为切入点,剖析微观企业数字化转型对风险承担水平的内在作用机制。通过理论剖析与大样本实证检验,揭示微观主体数字化转型对企业风险承担水平的重要影响。具体来看,企业数字化转型能够显著提升企业风险承担水平,并维持自身财务稳定性。基于产权属性相异的横截面检验发现,相较于非国有企业,数智赋能对国有企业风险承担水平的提升效应更为显著。数智赋能对于财务稳定性同样具有显著正向影响,但并未表现出属性上的差异。数字化转型对高科技企业风险承担水平具有显著性,而对非高科技企业风险承担水平并不具备统计意义上的显著性;企业数字化转型对两类企业财务稳定性均具有正向促进作用。前述影响效应通过提升微观主体内部控制水平、降低环境不确定性提升企业经营获利能力,从而促进企业风险承担水平提升。With the accelerated evolution of a new generation of digital technologies represented by artificial intelligence,blockchain,cloud computing,and big data,new business forms,new organizations,new models of the digital economy are booming around the world.The Chinese government has attached great importance to the cultivation and development of the digital economy in recent years.The development and expansion of the digital economy and the promotion of the digital transformation of market entities have become an unstoppable development trend.Since the13th Five-Year Plan,the Chinese government has successively introduced and implemented a package of policies and measures aimed at promoting digital transformation,such as the Internet Power,Broadband China,and the"Internet+"Action Plan,big data,artificial intelligence and blockchain.Especially the 14th Five-Year Plan for the National Economic and Social Development of the Republic of China and the Outline of the 2035 Vision Goal focuses on promoting the deep integration of the digital economy and the real economy and creating a good digital ecology.This shows that digitalization is playing an irreplaceable role in building a new power engine and promoting industrial transformation and upgrading.As the most representative micro-subjects in the economic system,enterprises play an important mission in promoting digital industrialization and industrial digitization.For this reason,it is worth asking how much market value companies can create by implementing costly digital transformation strategies,and whether there are differences in the value created by companies with different attributes through digital transformation.Can digital transformation affect enterprise value creation through indirect mechanisms such as backfeeding technological innovation,improving the allocation of factors,and reducing business risks?It is necessary to systematically analyze and discuss all the above-mentioned issues to objectively judge the pros and cons of the digital transformation of ente

关 键 词：企业数字化转型 风险承担 文本识别 数字经济 创新驱动 

分 类 号：F272.1[经济管理—企业管理]