文献类型：期刊文献

中文题名：数字化转型重塑了企业地理格局吗?--基于上市公司异地投资的研究

英文题名：Does Digital Transformation Reshape the Geography of Companies:Research on Trans-regional Investment of Listed Companies

作者：马为彪[1];吴玉鸣[2]

机构：[1]安徽工业大学商学院,243032;[2]华东理工大学商学院,200237

年份：2023

期号：6

起止页码：87

中文期刊名：经济评论

外文期刊名：Economic Review

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;社科基金资助期刊;北大核心:【北大核心2020】；CSSCI:【CSSCI2023_2024】；

基金：国家自然科学基金面上项目“区域经济多极网络空间组织理论与实证研究”(批准号:72073045);重庆市社会科学规划英才计划项目“成渝地区双城经济圈融入双循环价值链的机制与路径研究”(批准号:2022YC016);重庆市教委科技项目“‘双碳’战略下长江经济带城市群产业基础能力评价与产业链空间布局优化研究”(批准号:KJZD-K202200801)的资助。

语种：中文

中文关键词：数字化转型;企业地理格局;上市公司;异地投资

外文关键词：Digital Transformation;The Geography of Companies;Listed Companies;Trans-Regional Investment

摘要：本文基于2007-2020年A股上市公司及其子公司数据,实证分析了数字化转型对企业异地投资的影响及其机制。研究发现:(1)数字化转型提升了上市公司异地投资数量和投资距离,该结论在考虑内生性问题和一系列稳健性检验的条件下依然成立。(2)数字化转型对非国有企业、制造业和规模较大的上市公司异地投资促进作用更明显。(3)数字化转型通过缓解企业信息不对称和提高企业专业化分工水平,促进企业异地投资。(4)数字化转型对企业异地投资的影响与空间距离存在先增后减的倒“U”型关系。数字化转型对企业异省的异地投资促进作用大于同省的异地投资;中心城市相较于外围城市更易在企业数字化转型的过程中获得投资机会。本研究在微观层面为数字经济发展重塑区域经济地理格局提供了新的视角和证据。
This paper takes A-share listed companies and their subsidiaries from 2007 to 2020 as the research object,and empirically analyzes the impact of digital transformation on companies'trans-regional investment and its mechanism.The study finds that,first,digital transformation significantly increases the numbers and the distances of trans-regional investment of listed companies.This conclusion is still valid in consideration of endogenous issues and a series of robustness tests.Second,the promotional effect of digital transformation on non state-owned enterprises,manufacturing industry and large-scale listed companies'trans-regional investment is more obvious.Third,the digital transformation promotes enterprises'trans-regional investment by alleviating enterprise information asymmetries,and improving the level of specialized division of labor of enterprises.Fourth,there is an inverted"U"relationship between the impact of digital transformation on enterprises'trans-regional investment and the spatial distance.In addition,the research results also show that the role of digital transformation in promoting enterprises'trans-regional investment in dfferent provinces is greater than that in the same province;Compared with peripheral cities,central cities are more likely to obtain investment opportunities in the process of enterprise digitalization.This study provides a new perspective and evidence for the development of digital economy to reshape the geography of regional economy at the micro level.