School of Finance, Zhejiang Gongshang University, Hangzhou, China.
School of Government Policy and Public Relations, University of Chinese Academy of Social Sciences, Beijing, China.
PLoS One. 2024 Sep 12;19(9):e0308093. doi: 10.1371/journal.pone.0308093. eCollection 2024.
This study examines the influence of digital government initiatives on corporate total factor productivity (TFP). Employing a difference-in-differences (DID) methodology and analyzing data from publicly listed companies spanning the period 2010 to 2020, we investigate the impact of digital governance on corporate TFP. Our findings reveal a noteworthy positive effect, with an average TFP increase of 5%. Further exploration through heterogeneity analysis indicates that this impact is particularly pronounced in regions with robust network infrastructure, increased marketization, and decreased economic uncertainty, particularly among privately-owned enterprises. Moreover, we identify key mechanisms through which digital governance fosters this enhancement in TFP, including the facilitation of technological innovation, efficient allocation of high-skilled labor, and improved investment efficiency. Our research underscores the significant role of digital government initiatives in bolstering corporate TFP and contributes to a deeper understanding of the mechanisms underlying this relationship.
本研究考察了数字政府倡议对企业全要素生产率（TFP）的影响。我们采用双重差分（DID）方法，利用 2010 年至 2020 年期间上市公司的数据，研究了数字治理对企业 TFP 的影响。研究结果表明，数字治理对企业 TFP 有显著的正向影响，平均 TFP 提高了 5%。进一步的异质性分析表明，这种影响在网络基础设施稳健、市场化程度提高和经济不确定性降低的地区更为明显，特别是在私营企业中。此外，我们还确定了数字治理促进 TFP 提高的关键机制，包括促进技术创新、高效配置高技能劳动力和提高投资效率。本研究强调了数字政府倡议在提高企业 TFP 方面的重要作用，为深入理解这种关系的机制提供了依据。
