摘要
数字化对企业组织和管理产生了重要影响,本文从新冠肺炎疫情冲击下的企业韧性视角研究了数字化在危机期间的价值。研究表明,数字化显著提高了企业在危机期间的韧性,表现为数字化企业在危机期间获得的股票收益率更高。进一步地,企业从数字化中受益的程度将取决于它们的运营在多大程度上被新冠肺炎疫情影响,数字化对于受疫情影响更大的小规模和非国有企业的韧性提升作用更大,且对非高科技企业的韧性具有显著影响。机制分析表明,数字化通过增加工作灵活性,降低员工之间以及员工和客户之间的接触程度增加了企业在危机期间的韧性。本文研究结果表明数字化可以作为一种企业风险管理工具,提高企业应对外部风险的能力,是新冠肺炎疫情期间企业生存甚至成功的重要决定因素。
Digitalization has an important impact on corporate organization and management.This paper studies the value of digitalization in times of crisis from the perspective of corporate resilience taking the COVID-19 crisis as an example.Research shows that digitalization significantly improves corporate resilience in times of crisis,which is manifested in higher stock returns.Further,during the COVID-19 pandemic,digitalization has greatly strengthened the resilience of small and non-state-owned enterprises that are hit harder by the pandemic,especially non-high-tech enterprises.Mechanism analysis shows that digitalization strengthens corporate resilience in times of crisis by increasing work flexibility and reducing the contact between employees and between employees and customers,and finally improves corporate response to the crisis.Our results suggest that digitalization can be used as a tool for corporate risk management to improve the ability of coping with external risks and reduce corporate operational risks;it is an important determinant of corporate survival and even success during the COVID-19 crisis.
作者
胡海峰
宋肖肖
窦斌
HU Haifeng;SONG Xiaoxiao;DOU Bin(Beijing Normal University,100875;Tsinghua University,100875)
出处
《财贸经济》
CSSCI
北大核心
2022年第7期134-148,共15页
Finance & Trade Economics
基金
国家社会科学基金重点项目“中国资本市场韧性的影响因素、测度与提升路径研究”(21AJL012)。
