政府推动的企业数字化转型对成本粘性的影响研究  

Study on the Impact of Government-Driven Enterprise Digital Transformation on Cost Stickiness

作　　者：杨洁 史今 王兴光 YANG Jie;SHI Jin;WANG Xingguang(China University of Geosciences,Wuhan,China;Huazhong University of Science and Technology,Wuhan,China)

机构地区：[1]中国地质大学(武汉)经济管理学院,武汉市430072 [2]华中科技大学管理学院

出　　处：《管理学报》2024年第12期1860-1869,共10页Chinese Journal of Management

基　　金：国家社会科学基金资助项目(23BGL121);教育部人文社会科学研究规划基金资助项目(21YJA630105)。

摘　　要：基于2012~2021年中国A股制造业上市企业财务数据,以“两化融合”贯标试点政策的实施作为政府推动企业数字化转型的准自然实验,探究“两化融合”对成本粘性的影响。研究发现:“两化融合”能够抑制成本粘性,管理者代理成本、乐观预期和劳动力调整成本发挥着中介作用;进一步分析发现,“两化融合”帮助企业克服了自主化转型中面临的“不会转”和“不敢转”的障碍,且减少“两化融合”执行过程中的政府失灵问题能够提高政策的有效性。经济后果分析表明,“两化融合”对成本粘性的抑制作用可以带来企业价值的提升。Based on the financial data of China’s A-share manufacturing listed enterprises from 2012 to 2021,the implementation of the“integration of industrialization and informatization”standard implementation pilot policy is taken as a quasi-natural experiment for the government to promote the digital transformation of enterprises,and the impact of the“integration of industrialization and informatization”on the cost stickiness is explored.The results show that the“integration of industrialization and informatization”can restrain the cost stickiness,with management agency cost,optimistic expectation cost and labor adjustment cost playing mediating roles.Further analysis shows that the“integration of industrialization and informatization”helps enterprises overcome the obstacles of“can’t turn”and“dare not turn”in the process of autonomous transformation.In addition,reducing the government’s failure in implementing the“integration of industrialization and informatization”can improve the effectiveness of policies.The economic consequences analysis shows that the inhibition effect of the“integration of industrialization and informatization”on cost stickiness can bring about the improvement of enterprise value.

关 键 词：数字化转型 两化融合 成本粘性 产业政策 

分 类 号：C93[经济管理—管理学]