企业数字化转型与全球价值链参与  

Enterprise digital transformation and global value chain participation

作　　者：李鑫[1] 佟岩 曹丰[2] LI Xin;TONG Yan;CAO Feng(School of Management,Beijing Institute of Technology,Beijing 100081,China;Business School,Hunan University,Changsha 410082,China)

机构地区：[1]北京理工大学管理学院,北京100081 [2]湖南大学工商管理学院,湖南长沙410082

出　　处：《管理工程学报》2025年第1期15-31,共17页Journal of Industrial Engineering and Engineering Management

基　　金：国家自然科学基金项目(72072012、71972068);北京市社会科学基金项目(22GLC057)。

摘　　要：本文立足“逆全球化”时代数字经济发展迅速的现实背景,利用2010年至2016年中国A股上市公司与中国海关数据库的合并数据,实证检验了企业数字化转型对其全球价值链参与的影响。研究表明,数字化转型能够促进企业更好地融入全球价值链,并且该结论在经过一系列稳健性检验后依然成立。影响机制检验发现,企业数字化转型对全球价值链嵌入的提升作用主要通过缓解融资约束和提高生产效率来实现。异质性检验结果表明,当数字化转型基础较好、劳动力需求较高以及成本加成较低时,企业数字化转型对全球价值链参与的影响更为凸显。本文丰富和拓展了企业数字化转型影响机制与经济后果的研究框架,为企业更好地融入全球价值链分工体系、实现高质量发展找到了新的经验证据,对于企业数字化相关政策的制定与调整也具有一定的参考价值。Digital transformation,facilitated by the fast development in artificial intelligence,blockchain,cloud computing and big data,has become a strategic direction for traditional enterprises to improve their efficiency and international competitiveness.The China Digital Economy Development Research Report( 2023),published by the China Academy of Information and Communications Technology,shows that China′s digital economy grew by 10.3% in 2022 with the total scale reaching 50.2 trillion yuan,accounting for approximately 41.5% of the GDP.Prior literature investigated the impacts of digital transformation on enterprises in aspects of enterprise production models and efficiency,risk levels,and the capital market reactions.However,little is known on whether and how digital transformation reshapes enterprises′ integration into the global value chain.Global value chain refers to the whole process of value creation of a product,including R&D,procurement of raw material,manufacturing,marketing,sales,and after-sales service,during which the value-added activities could occur across multiple markets.In recent years,the Chinese enterprises face with dual pressure of “high-end blockade” and “low-end lock-in” in the value chain due to the continuous increase in labor costs and the rise of international trade protectionism.This paper therefore aims to investigate the impact of digital transformation in enhancing the global competitiveness of enterprises and moving up the global value chain.On the one hand,enterprise digital transformation helps effectively utilize firms′ financial resources,reduces the volatility in business performance and cash flows,improves the external financing capability of enterprises,providing promising financial support to the fixed capital investment required by export business.On the other hand,enterprise digital transformation enhances production efficiency by promoting innovation and reducing operational costs,though which it deeply integrates R&D and after-sales service and creates favor

关 键 词：数字化转型 全球价值链嵌入 融资约束 生产效率 

分 类 号：F272.3[经济管理—企业管理]