数字化转型对实体经济投资的影响研究  

Research on the Impact of Sigital Transformation on China's Real Economy

作　　者：张澜 

机构地区：[1]首都经济贸易大学,北京100070

出　　处：《浙江金融》2024年第1期19-30,共12页Zhejiang Finance

摘　　要：数字化转型与实体经济的融合对经济发展具有重要的意义。本文研究发现,数字化转型显著促进了企业实体经济投资,稳健性检验后结论依旧成立。机制检验表明,数字化转型能够抑制企业金融化、促进企业科技创新和提升企业内部控制水平,从而促进企业实体经济投资。异质性检验显示,数字化转型对处于成熟期企业的实体经济投资有更强的促进作用,大数据技术、云计算技术和数字技术应用在实体经济中的促进作用更显著。The integration of digital transformation and the real economy is of great significance to economic development.This paper finds that digital transformation significantly promotes enterprises'investment in the real economy,and the conclusion is still valid after the robustness test.The mechanism test shows that digital transformation can inhibit the financialization of enterprises,promote scientific and technological innovation of enterprises,and improve the level of internal control of enterprises,thereby promoting the investment of enterprises in the real economy.The heterogeneity test shows that digital transformation has a stronger role in promoting the real economy of mature enterprises,and the application of big data technology,cloud computing technology and digital technology in the real economy is more significant.

关 键 词：数字化转型 实体经济投资 科技创新 内部控制 

分 类 号：F832.0[经济管理—金融学]