汇率波动如何影响企业数字化转型  

How Exchange Rate Fluctuation Affects Digital Transformation of Enterpries

作　　者：祝树金[1] 喻紫陌 李江 ZHU Shujin;YU Zimo;LI Jiang(School of Economics and Trade,Hunan University,Changsha 410079,China;School of Economics and Management,Changsha University of Science and Technology,Changsha 410076,China)

机构地区：[1]湖南大学经济与贸易学院,湖南长沙410079 [2]长沙理工大学经济与管理学院,湖南长沙410076

出　　处：《湖南大学学报（社会科学版）》2024年第4期43-52,共10页Journal of Hunan University(Social Sciences)

基　　金：国家社会科学基金重大项目:新发展格局下我国制造业高端嵌入全球价值链研究(22&ZD100);国家自然科学基金项目:“双循环”新发展格局下我国制造业价值链嵌入影响区域碳排放的机制、模型及实证研究(72173040);湖南省社会科学成果评审委员会课题:湖南先进制造业核心技术形成机制与突破路径研究(XSP24YBZ067)。

摘　　要：使用2007—2016年中国上市企业数据和海关出口数据,考察人民币汇率波动对中国企业数字化转型策略的影响。研究发现,汇率波动的加剧显著促进了企业的“数字技术应用”类转型,而对“底层技术架构”类转型没有显著影响,并且该影响效应在杠杆率高的企业、出口强度大的企业以及融资约束大的企业中更明显。进一步的研究发现,人民币汇率波动通过影响企业面临的市场竞争程度和经营风险水平影响企业数字化转型,倒逼企业选择相适应的转型策略,加快数字化转型进程。Using the data from Chinese listed companies and customs exports from 2007 to 2016,we examine the impact of RMB exchange rate fluctuations on Chinese enterprises’digital transformation strategies of enterprises.It is found that the intensification of exchange rate fluctuations significantly promotes the transformation of digital technology applications,but has no significant impact on the transformation of underlying technology architecture,and the effect is more pronounced in enterprises with higher leverage ratio,enterprises with higher export intensity and those with larger financing constraints.Further research finds that the fluctuation of RMB exchange rate affects the digital transformation of enterprises through the degree of market competition and business risk level,forcing enterprises to choose appropriate transformation strategies and accelerate the process of digital transformation.

关 键 词：汇率波动 企业数字化转型 市场竞争程度 经营风险 

分 类 号：F740[经济管理—国际贸易]