企业数字化转型如何赋能商业信用融资——基于信息效率与信息治理

贵州财经大学学报 ›› 2024 ›› Issue (02): 71-80.

企业数字化转型如何赋能商业信用融资——基于信息效率与信息治理

张记元¹, 赵博思²

1. 石河子大学经济与管理学院, 新疆石河子 832003;
2. 马来西亚国立大学经济与管理学院, 雪兰莪州 43600

收稿日期:2023-02-12 出版日期:2024-03-15 发布日期:2024-03-20
作者简介:张记元(1988—),男,河南滑县人,博士,石河子大学经济与管理学院副教授,主要研究方向为会计与资本市场研究;赵博思(1995—),女,新疆石河子人,马来西亚国立大学博士研究生,主要研究方向为会计与资本市场研究。
基金资助:
新疆维吾尔自治区"天池英才"项目"数字化转型与企业商业信用研究"(新人社函(2023)33);石河子大学高层人才项目"共同富裕背景下地方增长目标管理对企业薪酬安排的影响研究"(RCSK202307);石河子大学自主创新项目"数字化转型与企业多元化经营研究"(ZZZC2022040)。

How does Enterprise Digital Transformation Empower Trade Credit Financing: From the Perspective of Information Efficiency and Information Governance

ZHANG Jiyuan¹, ZHAO Bosi²

1. School of Economics and Management, Shihezi University, Shihezi, Xinjiang 832000, China;
2. Faculty of Economic and Management, National University of Malaysia, Bangi 43000, Malaysia

Received:2023-02-12 Online:2024-03-15 Published:2024-03-20

摘要/Abstract

摘要： 数字经济现已成为驱动我国经济发展新引擎,企业作为推行数字化的重要微观载体,在此背景下数字化转型对企业融资行为亦产生了重要影响。近年来经济持续下行,企业面临融资困境,商业信用融资作为银行信贷的重要替代性渠道,具有便捷、低价等明显优势,是企业缓解融资约束的重要融资方式,在企业债务结构中扮演了关键角色。现有关于商业信用融资的研究大多关注数字普惠金融,鲜有涉及数字化转型的相关探讨,因此本文试图填补该不足,从数字化转型的角度出发,以2007~2022年沪深两市A股企业为研究样本,深入探讨企业数字化转型对商业信用融资的影响、作用机理、异质性表现及二者对企业代理问题、投资效率和企业绩效的影响,以期为企业结合自身资源禀赋制定科学的融资策略,亦为政府积极有效引导企业数字化转型、结合企业内外部环境做好顶层设计,引导企业数字化转型升级、加快数字经济建设提供借鉴。

关键词: 数字化转型, 商业信用融资, 投资效率

Abstract: The digital economy has become a new engine driving China's economic development. As an important micro carrier for promoting digitalization, enterprises have also had a significant impact on their financing behavior through digital transformation in this context. In recent years, the economy has been continuously declining, and enterprises are facing financing difficulties. Commercial credit financing, as an important alternative channel for bank credit, has obvious advantages such as convenience and low price. It is an important financing method for enterprises to alleviate financing constraints, and plays a key role in their debt structure. Most of the existing research on commercial credit financing focuses on digital inclusive finance, with little discussion on digital transformation. Therefore, this article attempts to fill this gap. From the perspective of digital transformation, using A-share enterprises in the Shanghai and Shenzhen stock markets from 2007 to 2022 as research samples, this article delves into the impact, mechanism, heterogeneity, and agency issues of digital transformation on commercial credit financing. The impact of investment efficiency and corporate performance is aimed at formulating scientific financing strategies for enterprises based on their own resource endowments. It also providing reference for the government to actively and effectively guide the digital transformation of enterprises, combining the internal and external environment of enterprises to do top-level design, guiding the digital transformation and upgrading of enterprises, and accelerating construction of digital economy.

Key words: digital transformation, trade credit financing, efficiency of investment

中图分类号:

F275

张记元, 赵博思. 企业数字化转型如何赋能商业信用融资——基于信息效率与信息治理[J]. 贵州财经大学学报, 2024(02): 71-80.

ZHANG Jiyuan, ZHAO Bosi. How does Enterprise Digital Transformation Empower Trade Credit Financing: From the Perspective of Information Efficiency and Information Governance[J]. Journal of Guizhou University of Finance and Economics, 2024(02): 71-80.

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