从全球扩张到数字化进步:跨国并购与中国企业数字化创新

北京师范大学学报(社会科学版) ›› 2023, Vol. 0 ›› Issue (6): 115-126.

从全球扩张到数字化进步:跨国并购与中国企业数字化创新

钟超¹, 蔡宏波², 朱祎³

1.中国社会科学院欧洲研究所,北京 100732;
2.北京师范大学经济与工商管理学院,北京 100875;
3.国家统计局国际统计信息中心,北京 100826

出版日期:2023-11-25 发布日期:2024-01-25
通讯作者: 蔡宏波,E-mail:hongbocai@bnu.edu.cn。
作者简介:蔡宏波,经济学博士,北京师范大学经济与工商管理学院教授。
基金资助:
国家社会科学基金重大项目“开放经济安全监测预警和综合评估研究”(21&ZD086);国家自然科学基金面上项目“贸易伙伴、商品结构与环境污染”(72073013);国家社会科学基金青年项目“国际交通基础设施促进贸易绿色化转型的机理与路径研究”(23CJL015)。

From Global Expansion to Digital Advancement:Cross-border Merger and Acquisition and Chinese Enterprise Digital Innovation

ZHONG Chao¹, CAI Hongbo², ZHU Yi³

1. Institute of European Studies,Chinese Academy of Social Sciences,Beijing 100732;
2. Business School,BNU,Beijing 100875;
3. International Statistical Information Center of National Bureau of Statistics,Beijing 100826,China

Online:2023-11-25 Published:2024-01-25

摘要/Abstract

摘要： 跨国并购是推动企业数字化创新的重要途径。本文基于2000—2021年A股上市公司数据,实证检验了跨国并购对我国企业数字化创新的影响,并从国家和企业层面展开了多角度的异质性分析,进一步探讨了影响机制。研究主要得出以下结论:首先,跨国并购显著促进了我国企业的数字化创新水平;其次,对于非欧盟和“一带一路”沿线国家的企业而言,跨国并购对数字化创新的提升作用更为显著。此外,在高智能技术型企业和国有企业进行的跨国并购,带来的数字化创新效应也更为显著。再次,数字化战略意识和战略柔性在跨国并购对企业数字化创新的影响中起到了显著的中介作用。因此,应持续推进高水平对外开放,鼓励企业通过跨国并购加强数字经济领域国际合作,推动经济高质量发展。

关键词: 跨国并购, 数字化创新, 数字化战略意识, 战略柔性

Abstract: Cross-border merger and acquisition (M&A) serves as a crucial pathway for driving corporate digital innovation. This study is based on the data from A-share listed companies between 2000 and 2021,and it empirically examines the impact of cross-border M&A on corporate digital innovation. It adopts a multidimensional heterogeneous analysis from the perspectives of countries and firms to explore the influencing mechanisms. The study reveals the following key findings:Firstly,cross-border M&A significantly promotes the level of digital innovation in Chinese enterprises. Secondly,for enterprises in non-EU and countries along the Belt and Road,cross-border M&A has a more pronounced role in enhancing digital innovation. Moreover,high-intelligence technology-based enterprises and state-owned enterprises engaging in cross-border M&A demonstrate a more positive impact on digital innovation. In addition,digital strategic awareness and strategic flexibility play a significant mediating role in the relationship between cross-border M&A and corporate digital innovation. Therefore,it is crucial to continue promoting high-level openness,encouraging companies to strengthen international cooperation in the digital economy through cross-border M&A,and facilitating high-quality development.

Key words: cross-border merger and acquisition, digital innovation, digital strategic awareness, strategic flexibility

中图分类号:

F742

钟超, 蔡宏波, 朱祎. 从全球扩张到数字化进步:跨国并购与中国企业数字化创新[J]. 北京师范大学学报(社会科学版), 2023, 0(6): 115-126.

ZHONG Chao, CAI Hongbo, ZHU Yi. From Global Expansion to Digital Advancement:Cross-border Merger and Acquisition and Chinese Enterprise Digital Innovation[J]. Journal of Beijing Normal University(Social Sciences), 2023, 0(6): 115-126.