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E-Commerce Letters 2025
数字化转型对企业高质量发展的影响研究——基于结构方程模型的多重中介效应分析
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Abstract:
本文收集了2012~2022年间1685家中国上市公司的数据，旨在探讨数字化转型对企业高质量发展的影响，并通过结构方程的多重中介效应模型进行路径分析。研究采用面板回归分析、稳定性检验和内生性检验，验证了数字化转型对企业高质量发展的正向影响。此外，文章还进行了影响路径检验，揭示了数字化转型通过营运能力、审计费用、突破式创新和渐进式创新等中介变量对企业高质量发展产生正向的间接效应。异质性分析还显示，数字化转型对企业高质量发展的促进作用在国有企业、非技术密集型企业以及中部地区的企业中尤为明显，这与我国企业数字化转型的典型特征相符。最后，文章提出了相应的对策建议。
The article collects data from 1685 Chinese listed companies between 2012 and 2022, aiming to explore the impact of digital transformation on high-quality enterprise development. It employs a multiple mediation effect model using structural equation modeling for path analysis. The study conducts panel regression analysis, stability tests, and endogeneity tests, confirming the positive impact of digital transformation on high-quality enterprise development. Additionally, the article examines the influence pathways, revealing that digital transformation positively affects high-quality development indirectly through mediating variables, such as operational capability, audit fees, disruptive innovation, and incremental innovation. Heterogeneity analysis further indicates that the promoting effect of digital transformation on high-quality development is particularly significant in state-owned enterprises, non-technology-intensive enterprises, and companies located in central regions, aligning with the typical characteristics of digital transformation in Chinese enterprises. Finally, the article proposes corresponding countermeasures and suggestions.
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