数字化转型如何影响企业出口韧性
How Does Digital Transformation Affect Enterprises’ Export Resilience

面临外部冲击、贸易保护主义抬头、出口风险增加等压力，增强出口韧性是建设贸易强国的现实选择。研究基于中国上市公司2011~2021年的数据，利用CSMAR数据库构建了数字化转型的综合指标，考察了数字化转型对企业出口韧性的影响、作用机制和差异。实证结果表明，数字化转型能够显著提升企业出口韧性，且该结论在进行一系列稳健性检验后依然成立。调节效应显示，创新水平能够促进企业进行数字化转型，进而提升企业出口韧性。异质性分析揭示，数字化转型更有利于非国有企业、资本密集型企业的出口韧性增强。研究结论体现了数字化转型对企业出口韧性的提升效应，为实现高水平对外开放，推进贸易强国建设提供了决策依据。
In the face of pressures such as external shocks, rising trade protectionism and increasing export risks, enhancing export resilience is a realistic choice to build a trading power. Based on the data of Chinese listed companies from 2011 to 2021, this study constructs a comprehensive index of digital transformation by using the CSMAR database, and examines the impact, mechanism and differences of digital transformation on enterprises’ export resilience. The empirical results show that digital transformation can significantly improve enterprises’ export resilience, and this conclusion is still valid after a series of robustness tests. The moderating effect shows that the level of innovation can promote enterprises to carry out digital transformation, and thus enhance enterprises’ export resilience. Heterogeneity analysis reveals that digital transformation is more conducive to enhancing the export resilience of non-state-owned enterprises and capital-intensive enterprises. The research conclusions reflect the improving effect of digital transformation on the export resilience of enterprises, which provides a decision-making basis for realizing high-level opening-up and promoting the construction of a trade power.