企业数字化转型与管理者短视行为  

Enterprises’Digital Transformation and Managerial Myopic Behavior

作　　者：李卫兵[1] 张星 LI Weibing;ZHANG Xing(School of Economics,Huazhong University of Science and Technology,Wuhan 430074,China)

机构地区：[1]华中科技大学经济学院,湖北武汉430074

出　　处：《西安交通大学学报（社会科学版）》2024年第5期51-62,共12页Journal of Xi'an Jiaotong University：Social Sciences

基　　金：国家社会科学基金一般项目(20BJY071);中央高校基本科研业务费资助项目(5003310091)。

摘　　要：基于机器学习的文本分析方法构建企业数字化转型指标,使用研发支出削减度量管理者短视行为,检验企业数字化转型对管理者短视行为的影响程度以及作用机制。研究发现,企业数字化转型能有效抑制管理者短视行为,且这种抑制作用主要通过提高信息透明度和增加企业利润两个机制而实现。此外,企业数字化转型对管理者短视行为的影响因管理团队特征和企业特征的差异而有所不同。具体而言,企业数字化转型对管理者短视行为的抑制作用在管理团队规模较小、年龄较小、任职时间较长且具有研发背景的企业以及高新技术企业和非国有控股企业中更明显。因此,企业应综合考虑资金、技术、人力资源等多元投入,加快数字化转型的进程,适当调整管理团队成员以符合企业的发展目标,建立以长期绩效为基础的考核评估机制,同时纳入创新能力等非财务指标,以更加全面地反映企业的价值创造和可持续经营。In today’s highly competitive market environment,corporate managers face external pressure from stakeholders to achieve short-term profit targets,as well as internal pressure to maintain their positions,compensation,and benefits.Under these dual pressures,managers may engage in myopic behavior that prioritizes short-term gains at the expense of the company’s long-term interests,which can be detrimental to the company’s sustainable development.Therefore,effectively curbing managerial myopia remains a critical challenge in corporate governance practice.Although there has been an increasing amount of research on managerial myopia,few studies have explored the impact of corporate digital transformation on this behavior.Based on the text analysis method of machine learning,this paper constructs an enterprise digital transformation index and uses the R&D expenditure reduction to measure managerial myopia to test the extent and mechanisms of the impact of digital transformation on the managerial myopia of enterprises.It reveals that the digital transformation of enterprises can effectively inhibit the shortsighted behavior of managers,and this inhibition is mainly achieved by improving information transparency and increasing the profits of enterprises.A series of robustness tests confirm that the conclusion is robust and reliable.In addition,the impact of enterprise digital transformation on managerial myopia is different due to the differences in management team characteristics and enterprise characteristics.Specifically,the inhibition effect of enterprise digital transformation on managerial myopia is more evident in enterprises with smaller management teams,younger ages,longer tenure and R&D backgrounds,and in high-tech and non-state-owned enterprises.Compared to previous literature,this paper makes three key contributions:first,it explores the role of corporate digital transformation in corporate governance,enriching the relevant theoretical framework.Second,it investigates the mechanisms through which digital

关 键 词：数字化转型 公司治理 管理者短视 企业属性 管理团队 研发支出 信息透明度 

分 类 号：F272.91[经济管理—企业管理] F270.7[经济管理—国民经济]