数字经济背景下,企业数字化转型成为学术界关注的重点。数字化转型对企业创新有何影响?本文以2010~2022年沪深A股上市公司为研究样本,通过固定年份、行业、省份效应构建多元回归模型,实证检验数字化转型对企业创新产出和创新效率的影响及其机理。研究发现:数字化转型显著提升了企业创新产出和创新效率,该结论在考虑内生性问题和经过系列稳定性检验之后仍然成立;数字化转型可以通过提升企业组织韧性进而增强企业创新能力;环境不确定性可以调节数字化转型与企业创新之间的基准回归,还可以调节组织韧性的中介效应。In the context of the digital economy, corporate digital transformation has become a focus of academic research. What impact does digital transformation have on corporate innovation? This study takes listed companies on the Shanghai and Shenzhen stock exchanges from 2010 to 2022 as the research sample. By constructing a multiple regression model with fixed effects of year, industry, and province, it empirically examines the impact of digital transformation on innovation output and efficiency, as well as the underlying mechanisms. The study finds that digital transformation significantly enhances both enterprise innovation output and efficiency. This conclusion still holds after considering endogeneity issues and conducting a series of robustness tests. Digital transformation can enhance enterprise innovation capacity by improving organizational resilience;Environmental uncertainty can moderate the baseline regression between digital transformation and enterprise innovation and can also moderate the mediating effect of organizational resilience.
