摘要
以2013—2020年A股制造业上市公司数据为样本,采用Heckman两阶段模型,从管理层特质和公司治理的视角探讨了管理层激励对企业数字化转型决策和规模的影响、异质性及作用渠道。研究发现,管理层激励能够提升企业数字化转型的可能性和规模,且薪酬激励的效果优于股权激励的效果,这一效应主要体现在非国有企业、大型企业及环境不确定性较高的企业;随着薪酬激励增多,中小企业数字化转型规模更大。通过抑制管理层短视行为、强化企业社会责任、提高企业内部控制质量,管理层激励能够推动企业数字化转型。研究为因企制宜,建立多样管理层激励机制,以驱动企业数字化转型提供参考。
Based on the data of A-share manufacturing listed companies from 2013 to 2020,this paper discusses the effect of management incentive on the decision and scale of enterprise digital transformation,heterogeneity and its function channels from the perspective of management characteristics and corporate governance,using the Heckman two-stage model.Results show that management incentive can improve the possibility and scale of enterprise digital transformation,with the compensation incentive effect larger than equity incentive effect.Moreover,the above effect is more obvious in non-state-owned enterprises,large enterprises and enterprises with high environme-ntal uncertainty.With the increase of salary incentive,the scale of digital transformation in SMEs increases.By lowering managerial myopia,strengthening corporate social responsibility and improving the quality of internal control,managerial incentive can promote the digital transformation of enterprises.The research provides reference for establishing diversified management incentive mechanism,to drive the digital transformation of enterprises according to enterprise conditions.
作者
李瑞茜
LI Rui-xi(School of Economics and Management,China University of Labor Relations,Beijing 100048,China)
出处
《技术经济与管理研究》
北大核心
2023年第5期47-52,共6页
Journal of Technical Economics & Management
关键词
管理层激励
数字化转型
管理层短视
企业社会责任
企业内部控制
Managerial incentive
Enterprise digital transformation
Managerial myopia
Corporate social responsibility
Corporate internal control
