企业数字化转型与企业价值
Enterprise Digital Transformation and Enterprise Value
摘要: 文章基于2011~2020年A股上市公司数据，实证检验了企业数字化转型对企业价值的影响。研究发现企业数字化转型能够显著提升企业价值水平，延长观测窗口及替换解释变量进行稳健检验后，结论依然成立。异质性分析表明，非国有企业数字化转型对企业价值的提升效应更加明显。研究对推动企业数字化转型、提升企业价值有一定的参考意义。
Abstract:
This paper empirically tests the impact of enterprise digital transformation on enterprise value by means of data from 2011~2020 of A-share listed companies in China. It is found that the digital transformation of enterprises can significantly improve the level of enterprise value, and the con-clusion still holds after the robustness test of extending the observation window and replacing the explanatory variables. Heterogeneity analysis shows that the digital transformation of non-state- owned enterprises has a more obvious effect on the improvement of enterprise value. The research has certain reference significance for promoting enterprise digital transformation and enhancing enterprise value.
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