摘要
新冠病毒感染疫情对企业的生存状态与发展造成了全面冲击,本文探讨企业数字化能力在疫情冲击下的弹性效应。本文依托企业弹性理论,构建了企业数字化弹性框架,选取了三组相对应的数字化弹性衡量指标,实证研究了我国上市公司疫情期间数字化弹性表现。结果表明,疫情冲击下,相对数字化受限企业,数字化企业的销售增长率、净资产收益率以及雇佣员工增长率等下降幅度更低、止降转正更快。进一步分析还发现,数字化助力企业适应疫情和完成自我恢复的时间长度为两个季度,增进企业可持续成长为一个季度。此外,弹性效应存在异质性,国有企业和中小规模企业以及东部区域企业的数字化弹性更为显著。据此,建议加大数字化投入和扶持,加快企业数字化转型,推进数字经济全面均衡发展。
COVID-19 has caused a comprehensive impact on the survival state and the development trend of enterprises.In order to explore the resilience effect of enterprise digital capability on the impact of the epidemic under the digital economy model,this paper fi rst constructed a framework system of enterprise digital resilience based on the enterprise resilience theory.In other words,three groups of corresponding digital resilience measures are selected for the purpose of resisting and mitigating the impact of the epidemic,promoting enterprises to actively adapt to the epidemic and quickly recover themselves,and realizing sustainable regrowth.Then,the digital resilience and performance of Chinese listed companies during the epidemic were studied empirically.Results show that the relatively limited digital enterprise,the impact of the outbreak,digital enterprise’s sales growth,return on equity,and hire employees growth drop lower,stop falling obtainment of faster,further analysis also found that the digital power enterprises to adapt to the epidemic and the length of time to complete recovery,only for two quarters,promote the enterprise sustainable growth for a quarter.In addition,there is heterogeneity in digital elasticity,and the elasticity effect of state-owned enterprises,middle and small-sized enterprises and enterprises in the eastern region is more signifi cant.Therefore,relevant policy recommendations to increase digital investment and support,promote the comprehensive and balanced development of the digital economy.
作者
徐金球
XU Jin-qiu(School of Accounting,Hebei Finance University,Baoding 071051,Hebei,China)
出处
《上海对外经贸大学学报》
北大核心
2023年第1期41-56,共16页
Journal of Shanghai University of International Business and Economics
基金
中国博士后科研基金项目“汇率波动、金融稳定与人民币国际化”(项目编号:2015M570983)
中国商务部规划基金项目“中国融资租赁行业监管与发展”(项目编号:17CSRT6518)资助。
