政府补助对企业数字化转型的影响研究

Research on the Impact of Government Subsidies on Enterprise Digital Transformation

摘要: 在数字化经济浪潮的全球性涌动之际，企业正面临一场空前绝后的深刻变革。在这场变革中，数字化转型不仅是企业提升竞争力的利器，更是它们适应市场风云变幻的盾牌。鉴于企业数字化转型的固有特性及其潜在影响，政府的适度干预显得尤为必要。因此，本文借助了面板数据计量模型，以我国A股上市公司在2007年至2022年间的相关数据为基础样本，实证检验了政府补助对数字化转型的影响。研究结果表明，政府补助作为宏观调控的关键举措，在推动企业数字化转型中起积极作用，即便是在替换解释变量、被解释变量以及增加控制变量的情况下，研究结论依旧稳健。此外，本文还对产权性质和企业规模进行了异质性分析。结果显示，非国有企业和小型企业在获得政府补助后，数字化转型的步伐更快。最终立足于理论机理和实证分析的结果提出了一些合理化的建议。

Abstract: At the time of the global surge of digital economic waves, enterprises are facing a profound change unprecedentedly. In this change, digital transformation is not only a weapon for enterprises to enhance competitiveness, but also the shields that they adapt to the changes in the market. In view of the inherent characteristics of digital transformation and its potential impact of enterprises, the government’s moderate intervention is particularly necessary. Therefore, this article uses the panel data measurement model, taking the relevant data of my country’s A-share listed companies from 2007 to 2022 as the sample, to empirically test the impact of government subsidies on digital transformation. The results of the study show that government subsidies, as a key measure for macro-control, play a positive role in promoting the digital transformation of enterprises. Even in the case of replacing interpretation variables, interpreting variables, and increasing control variables, the research conclusions are still stable. In addition, this article has analyzed heterogeneous analysis of the nature of property rights and the scale of enterprises. The results showed that after receiving government subsidies, non-state-owned enterprises and small enterprises were faster. Eventually, based on the results of theoretical mechanism and empirical analysis, some rational suggestions were made.