数据资产与企业韧性:效应与机制  

Data Assets and Enterprise Resilience:Effects and Mechanisms

作　　者：苑泽明 尹琪 黄灿 YUAN Zeming;YIN Qi;HUANG Can(School of Accounting,Tianjin University of Finance and Economics,Tianjin 300222,China)

机构地区：[1]天津财经大学会计学院,天津300222

出　　处：《经济经纬》2025年第1期120-132,共13页Economic Survey

基　　金：国家社科基金项目(23BGL109)。

摘　　要：基于2007—2022年A股上市公司数据,分析并检验数据资产对企业韧性的影响及作用机制。研究发现:数据资产显著增强了企业韧性。机制分析发现,数据资产对企业韧性的直接影响存在维稳效应和增长效应;数据资产对技术创新增量提质和产业链供应链重组协同均存在积极影响,并且可以通过这些路径推动企业韧性的提高。进一步研究发现,在面对较高的内部经营困境与外部环境压力时,数据资产对企业韧性的提升作用仍然显著,韧性特征明显。经济后果检验显示,数据资产能够通过提升企业韧性,进而提高企业海外子公司数量和对外投资总额,推动企业国际化发展。研究为国内国际双循环新发展格局下加强数据资产开发、应用与管理,推动企业在逆境中转“危”为“机”,实现高韧性发展提供了微观理论基础和政策启示。Based on the data of A-share listed companies from 2007 to 2022,this study analyzes and examines the impact of data assets on enterprise resilience and the underlying mechanism.The study finds that data assets significantly enhance corporate resilience.Mechanism analysis reveals that the direct impact of data assets on corporate resilience has both a stabilizing effect and a growth effect.Data assets have a positive impact on the incremental improvement of technological innovation and the reorganization of industrial and supply chains,and they can promote the enhancement of corporate resilience through these pathways.Further research reveals that even when confronted with significant internal operational challenges and external environmental pressures,the enhancement of corporate resilience by data assets remains markedly effective,with clear resilience characteristics.Economic consequence tests demonstrate that data assets can enhance corporate resilience,which subsequently leads to an increase in the number of overseas subsidiaries and total foreign investment,thereby promoting the international development of enterprises.The study provides a micro-theoretical foundation and policy implications for strengthening the development,application,and management of data assets under the new development paradigm of domestic and international dual circulation.It suggests that enterprises can transform“risks”into“opportunities”amidst adversity and achieve high-resilience development.

关 键 词：数据资产 企业韧性 技术创新 产业链供应链 对外投资 

分 类 号：F270[经济管理—企业管理]