In the process of digital transformation and transformation, the prevention and resolution of enterprise risks and hidden dangers have become the key to achieving high-quality economic development. However, there are still disputes about how digital transformation affects the risk-bearing capacity of enterprises. Therefore, based on the financial data and annual reports of Chinese listed companies, this paper empirically investigates the causal relationship, mechanism, and heterogeneity between digital transformation and enterprise risk-taking ability. The main conclusions are as follows. Digital transformation is conducive to significantly improving the level of enterprise risk-taking. This conclusion is robust after controlling the joint fixed effect and the test of instrumental variables and considering the endogeneity problem. Heterogeneity analysis shows that the role of digital transformation in the risk-bearing capacity of enterprises will vary with the characteristics of enterprises. In comparison, digital transformation can significantly improve the risk-bearing level of enterprises, non-state-owned enterprises, and non-over-indebted enterprises in the early and middle stages of the life cycle. Mechanism analysis shows that digital transformation mainly affects the risk-taking ability of enterprises through cost-saving and business diversification strategies. From the perspective of risk prevention and control, this paper enriches the theoretical research on the impact of digital economy development on microeconomic subject behavior and provides policy inspiration on how to ensure the security and stability of China’s industrial chain supply chain and build a digital monitoring, early warning and control system for enterprises under the process of digital transformation.
党的十八大以来,我国高度重视营商环境建设,成为全球营商环境改善较快的经济体.基于 2013-2019年分省份统计数据和上市企业数据,设计中国各省份营商环境评价指标体系,并实证检验优化营商环境对企业创新的影响.结果表明,营商环境优化可以显著提高企业创新产出,特别是对大型企业和民营企业更为显著.在进一步优化营商环境的同时,应着力补短板,并针对不同规模和产权属性的企业采取差异化的政策措施.
近年来,预制菜消费正快速增长,然而一些产品信息缺乏规范化管理,甚至出现菜品标识不详细、食材误标识以及发布虚假信息等问题.结合缺陷伤害、监管失灵和外部澄清理论,通过半结构化访谈数据,构建产品信息缺陷伤害假设模型,对 538 个预制菜的消费者数据进行相关计算和模型验证.结果表明:信息缺陷感知损害受到信息缺陷损害前因的影响,产品危机和心智伤害分别受到中间变量感知损害、感知信任的影响,监管失灵和外界澄清分别正向调节了感知损害、感知信任与产品危机之间的影响程度.鉴于此,生产企业在管理方面可以制定清晰有效的预制菜信息缺陷管理政策,根据特殊情景制定信息危机解决方案并建立心理弥补机制;在宣传方面可以利用优质宣传平台为消费者带来更多的企业信息和信任感知.
全国统一大市场建设是构建双循环新发展格局的基础支撑和内在要求,是应对复杂国际格局的战略举措.测度全国统一大市场的重要指标是市场整合指数,其前沿测度方法是相对价格法,基于空间计量改进的测度模型更接近"冰山成本"理论.通过测度 1952-2020 年国内市场整合指数,结果显示:商品市场指数最高且趋于统一,劳动力市场整合指数呈随机分布状态,而资本市场整合指数较低但有显著的统一趋势.向量自回归分析结果表明,行政区经济晋升锦标赛机制和国际大循环战略对国内市场整合产生了深远影响,而区域协调发展与国内市场整合程度互为因果.因此,全国统一大市场建设应遵循"商品市场→劳动力市场→资本市场"逐步推进的路径:商品统一市场建设的关键是完善新旧基建、打通商品市场流通渠道,劳动力统一市场建设的关键则是破除户籍捆绑形成的制度限制,资本统一市场建设的关键是打破区域资本市场壁垒、统一资本市场规则与标准.
基于2011-2020年地级市面板数据,将"宽带中国"试点政策视为衡量网络基础设施的准自然实验,构建多期DID模型评估网络基础设施对经济高质量发展的影响效应.研究发现:(1)网络基础设施显著促进经济高质量发展;(2)网络基础设施通过创新水平、产业结构升级传导机制推动经济高质量发展;(3)网络基础设施对经济高质量发展影响效应存在异质性,这一促进作用对设立批次早、东部地区表现的更为明显;(4)网络基础设施不仅能促进本地经济高质量发展,还通过空间溢出效应辐射带动周边地区经济高质量发展.
