管理层短视对数字化转型的影响研究——基于机构投资者持股的调节作用  

Research on the Impact of Management Myopia on Digital Transformation--Based on the Regulating Role of Institutional Investor Shareholding

作　　者：唐政 段江娇[1] Zheng Tang;Jiangjiao Duan(School of Management,University of Shanghai for Science and Technology,Shanghai,200093,China)

机构地区：[1]上海理工大学管理学院,上海200093

出　　处：《管理科学与研究（中英文版）》2023年第8期84-91,共8页Management Science and Research

摘　　要：近年来,全球数字经济的飞速发展,数字化转型已经成为企业向前发展的必经之路,但一些管理层的短视行为可能会阻碍数字化转型的实施。本文基于2007-2021年我国A股上市公司为样本数据,采用面板固定效应模型,探究管理者短视主义对企业数字化转型的影响,以及机构投资者持股的调节效应。研究发现,管理层的短视主义会抑制企业数字化转型的进程,机构投资者持股在二者间发挥负向的调节作用,在经过稳健性检验后此结论仍成立。With the rapid development of the global digital economy in recent years,digital transformation has become a necessary path for enterprises to move forward.However,some management's short-sighted behavior may hinder the implementation of digital transformation.This article is based on the sample data of A-share listed companies in China from 2007 to 2021,uses a panel fixed effects model to explore the impact of manager myopia on digital transformation of enterprises,as well as the moderating effect of institutional investor shareholding.Research has found that management myopia can inhibit the process of digital transformation in enterprises,and institutional investor shareholding plays a negative moderating role between the management myopia and digital transformation.This conclusion is still valid after robustness testing.

关 键 词：管理层短视 机构投资者持股 数字化转型 

分 类 号：F27[经济管理—企业管理]