以“数”谋“盈”:企业数字化转型对盈余持续性的影响研究  

Using"Digitalization"to Seek"Sustainable and Stable Earnings":Research on the Impact of Enterprise Digital Transformation on Earnings Persistence

作　　者：张咏梅[1] 王晓艳 赵金凯 ZHANG Yongmei;WANG Xiaoyan;ZHAO Jinkai(College of Economics and Management,Shandong University of Science and Technology,Qingdao 266590,China)

机构地区：[1]山东科技大学经济管理学院,山东青岛266590

出　　处：《审计与经济研究》2024年第1期75-84,共10页Journal of Audit & Economics

基　　金：全国统计科学研究重点项目(2022LZ35);山东省高等学校青年创新团队(2022RW056)。

摘　　要：以2007-2021年沪深A股上市公司为研究样本,基于企业数字化转型的“治理效应”“信息效应”和“融资效应”,实证检验企业数字化转型对盈余持续性的影响及作用机制。研究发现,企业数字化转型可显著提高盈余持续性,其作用机制在于抑制真实盈余管理、提高信息透明度和缓解融资约束。从异质性视角来看,“底层技术运用”和“技术实践应用”均可显著提高盈余持续性;在非国有企业、成长性低的企业中,企业数字化转型对盈余持续性的影响更加显著。企业应该坚定实施数字化转型的信心,增强实施数字化转型的动力,以谋求持续稳定的收益。Based on the"governance effect","information effect"and"financing effect"of enterprises digital transformation,this paper empirically tests the impact of enterprises'digital transformation on earnings persistence and the mechanism of its effect,using A-share listed companies in Shanghai and Shenzhen from 2007 to 2021 as the research sample.The study finds that digital transformation can significantly improve earnings persistence,and its mechanism is to discourage real earnings management,improve information transparency and ease financing constraints.From the perspective of heterogeneity,both"application of underlying technology"and"application of technology practice"significantly improve earnings persistence.In non-state-owned enterprises and low-growth enterprises,the impact of digital trans-formation on earnings persistence is more significant.Enterprises should firmly implement the confidence of digital transformation,enhance the motivation for the implementation of digital transformation,in order to seek sustainable and stable earnings.

关 键 词：数字化转型 盈余持续性 真实盈余管理 信息透明度 融资约束 

分 类 号：F230[经济管理—会计学] F275[经济管理—国民经济]