卖空机制对数字化转型的影响研究——来自重污染行业的证据
Journal: Economics DOI: 10.12238/ej.v8i8.2861
Abstract
在当前全球数字化转型浪潮与中国创新驱动发展战略的背景下,企业数字化水平已成为衡量企业竞争力的核心指标,同时卖空机制在资本市场中的公司治理作用日益重要。本研究选取2010-2023年中国A股重污染行业上市公司为研究对象,系统考察了卖空机制对企业数字化转型的影响效应。实证结果表明,卖空机制显著促进了重污染行业上市公司的数字化转型进程,这一结论在经过工具变量法等一系列内生性处理和稳健性检验后依然成立。本研究不仅拓展了卖空机制经济后果与数字化转型驱动因素的研究视野,还为监管部门完善资本市场制度、推动重污染行业数字化转型提供了重要的政策启示。
Keywords
卖空；数字化转型；公司治理；重污染行业
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