跨境数字并购促进我国制造业数字化转型研究——基于PSM-DID方法的实证检验  

Research on How Cross-border Digital Mergers and Acquisitions Promote the Digital Transformation of China’s Manufacturing Industry——An Empirical Test Based on the PSM-DID Method

作　　者：卢翔林 卫力[1] LU Xianglin;WEI Li(School of Economics and Management,Lanzhou University of Technology Lanzhou,Gansu 730000)

机构地区：[1]兰州理工大学经济管理学院,甘肃兰州730000

出　　处：《中国商论》2023年第21期13-17,共5页China Journal of Commerce

基　　金：国家社科基金“基于虚拟集群模式的制造企业服务化转型机理与运行机制研究”(20CGL012)。

摘　　要：随着我国“走出去”战略的进一步实施以及数字经济的快速发展,跨境数字并购逐渐成为我国制造企业实现数字化转型的重要途径。本文选取2011—2020年我国沪深A股上市企业跨境数字并购事件为样本,运用双重差分倾向得分匹配(PSMDID)模型,研究跨境数字并购与制造业数字化转型程度的关系。结果显示:跨境数字并购对制造业数字化转型程度具有显著正向影响,且促进效应在企业并购一年后开始具有显著增强趋势。基于此,我国制造企业应把握合适的跨境数字并购机会,从而为我国制造业实现数字化转型升级提供动力。With the further implementation of China’s strategy of“going global”and the rapid development of the digital economy,cross-border digital mergers and acquisitions have gradually become an important way for China’s manufacturing enterprises to achieve digital transformation.This paper selects the cross-border digital mergers and acquisitions of A-share listed enterprises in Shanghai and Shenzhen as samples from 2011 to 2020 and applies the propensity score matching in the differences-in-differences(PSM-DID)model to study the relationship between cross-border digital mergers and acquisitions and the digital transformation of manufacturing industry.The results show that cross-border digital mergers and acquisitions have a significant positive impact on the digital transformation of the manufacturing industry,and the promotion effect starts to increase significantly one year after the mergers and acquisitions.Based on this,China’s manufacturing enterprises should grasp appropriate opportunities for cross-border digital mergers and acquisitions,to provide an impetus for China’s manufacturing industry to achieve digital transformation and upgrading.

关 键 词：数字并购 数字化 制造业 倾向得分匹配 双重差分 

分 类 号：F272[经济管理—企业管理]