企业数字化转型对经营风险的影响

The Impact of Enterprise Digital Transformation on Operational Risk

摘要: 在数字化的大趋势下，企业面临着更多的机遇和挑战，数字化转型是企业保持竞争力的重要举措。本文以A股上市公司为研究对象，通过实证检验的方法，研究企业进行数字化转型对经营风险的影响，拓展数字化转型的经济后果，为企业完善风险管理提供方案。研究表明：企业进行数字化转型能够降低企业面临的经营风险。并且基于公司治理和资产结构的视角，进一步研究股权集中度和固定资产占比在企业数字化转型与经营风险之间关系的调节效应，研究发现股权集中度越高，固定资产占比越大，企业数字化转型对经营风险的抑制作用越明显。最后对企业数字化转型和经营风险管理提供政策建议。

Abstract: Under the general trend of digitalization, enterprises are facing more opportunities and challenges, and digital transformation is an important measure for enterprises to maintain competitiveness. This paper takes A-share listed companies as the research object, studies the impact of enterprises’ digital transformation on business risks through empirical testing, expands the economic consequences of digital transformation, and provides solutions for enterprises to improve risk management. Research shows that digital transformation can reduce the operational risks faced by enterprises. Moreover, based on the perspective of corporate governance and asset structure, this paper further studies the moderating effect of ownership concentration and fixed asset ratio on the relationship between enterprise digital transformation and business risk. It is found that the higher the ownership concentration, the larger the fixed asset ratio, and the more obvious the inhibiting effect of enterprise digital transformation on business risk. Finally, it provides policy suggestions for enterprise digital transformation and operational risk management.