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文章以2011—2021年中国A股上市公司为研究样本，探讨数字化转型同群效应对企业国际化深度的影响及作用机制。研究发现：数字化转型同群效应能显著提高企业国际化深度；经过替换变量度量方式、工具变量法等一系列稳健性检验后，该研究结论依然成立。通过机制分析表明，数字化转型同群效应通过降低代理成本、缓解融资约束来提高企业国际化深度；同时，管理者短视主义削弱了数字化转型同群效应对企业国际化深度的促进作用，而高管海外背景则加强了这一作用。通过异质性分析发现，数字化转型同群效应对非国有企业，特别是非家族企业，以及资本密集型企业的国际化深度的促进作用更明显。文章结论为我国企业以数字协同方式深入推进国际化提供经验启示。
Abstract：Drawing on a research sample of Chinese A-share listed enterprises spanning the period from 2011 to 2021, this essay explores the influence and mechanism of peer effect of digital transformation on the depth of enterprise internationalization. Research findings: The peer effect of digital transformation can significantly enhance the depth of enterprise internationalization. After undergoing a series of robustness tests such as alternative variable measurement methods and instrumental variable methods, this conclusion remains robust. Mechanism analysis shows that the peer effect of digital transformation enhances the depth of enterprise internationalization by reducing agency costs and alleviating financing constraints. At the same time, managerial myopia undermines the enhancing impact of the peer effect of digital transformation on the depth of enterprise internationalization, whereas executives' overseas background reinforces this effect.Through heterogeneity analysis, it finds that the peer effect of digital transformation has a greater enhancing impact on the depth of internationalization of non-state-owned enterprises, particularly non-family enterprises, and capital-intensive enterprises. The conclusion of the essay provides insights and inspirations for Chinese enterprises to advance internationalization through digital collaboration.
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基本信息:
DOI：10.19629/j.cnki.34-1014/f.240226001
中图分类号:F49;F125;F832.51
引用信息:
[1]刘耀彬,胡晟,王晨晨.数字化转型同群效应如何影响企业国际化深度？——来自A股上市公司的经验证据[J].华东经济管理,2024,38(09):1-13.DOI:10.19629/j.cnki.34-1014/f.240226001.
基金信息:
国家社会科学基金重大项目“中国式现代化进程中的区域协调发展路径优化研究”（23&ZD034）; 江西省研究生创新专项资金项目“数字新基建驱动制造业绿色转型的机制与路径研究”（YC2023-B022）