跨境电商改革与出口企业数字技术创新——基于跨境电子商务综合试验区的准自然实验
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Cross-border E-commerce Reform and Digital Technology Innovation of Export Enterprises: Based on a Quasi-natural Experiment of the Cross-border E-commerce Comprehensive Pilot Zones
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    摘要:

    跨境电子商务综合试验区建设是我国积极推进制度型开放的重要举措,税费优惠和管理服务完善等跨境电商改革不仅能够激励外贸增长,还会对出口企业产生成本降低效应、人力资本提升效应和内部治理优化效应等积极影响,从而促进出口企业的数字技术创新。将跨境电子商务综合试验区建设作为一项准自然实验,采用沪深A股出口企业2007—2020年的数据,运用多期双重差分模型分析发现:跨境电子商务综合试验区建设(跨境电商改革)显著促进了试验区出口企业的数字技术发明专利增长,跨境电商改革可以通过降低融资成本和经营成本、提高技术人员占比和高学历人才占比、提升公司治理水平和内部控制质量等路径促进出口企业的数字技术创新,跨境电商改革对融资约束程度较高、地区人力资源丰富、ESG表现较差、环境不确定性较强的出口企业具有更为显著的数字技术创新促进作用。应持续推进和不断深化跨境电商改革,并充分发挥制度型开放对企业创新发展的激励作用。

    Abstract:

    The cross-border e-commerce comprehensive pilot zone is an important measure for China to promote “institutional opening”, which plays a leading role in accelerating the deep integration of industrial and trade digitization, and in assisting the transformation and upgrading of traditional industries. At the same time, digital technology innovation provides new ideas for enterprises to promote digital transformation, enhance production efficiency, and increase market value. With the accelerated integration of the digital economy and the real economy, the role and mechanism of cross-border e-commerce in promoting digital technology innovation deserve further attention. Therefore, exploring the role and impact mechanism of cross-border e-commerce reform on digital technology innovation of micro-enterprises is of great significance for how to further improve the policy of opening up to the outside world and promote high-quality economic development. Additionally, as digital technology has broader development prospects and application value, the impact and mechanism of cross-border e-commerce development on digital technology innovation of enterprises deserve further exploration. This article uses a sample of A-share listed companies from 2007 to 2020 and treats the establishment of cross-border e-commerce comprehensive pilot zones as a quasi-natural experiment. Using a multi-period difference-in-differences model, it empirically explores the impact of cross-border e-commerce reform on digital technology innovation of export enterprises and its mechanism. The research results indicate that: firstly, cross-border e-commerce reform significantly enhances the level of digital technology innovation of export enterprises. After a series of robustness tests such as parallel trend tests, placebo tests, and replacement of explained variables, this conclusion still holds. Secondly, mechanism analysis finds that optimizing internal governance, reducing corporate financing and operating costs, and enhancing human capital are potential paths for cross-border e-commerce reform to promote digital technology innovation. Finally, heterogeneity analysis shows that the role of cross-border e-commerce reform in enhancing digital technology innovation mainly exists in enterprises with high financing constraints, strong environmental uncertainty, poor ESG performance, and relatively high human capital density in their regions. The marginal contributions of this article are mainly reflected in the following aspects. Firstly, in terms of research perspective, this article evaluates the impact of cross-border e-commerce comprehensive pilot zones on digital technology innovation of micro-enterprises for the first time, expanding the research perspective for evaluating the economic consequences of cross-border e-commerce reform. At the same time, it provides useful insights for further improving enterprise innovation incentive policies and enhancing the economic effect of cross-border e-commerce reform. Secondly, in terms of research methods, this article treats the establishment of cross-border e-commerce comprehensive pilot zones as a quasi-natural experiment and uses a multi-period difference-in-differences model to examine the impact and internal mechanism of cross-border e-commerce reform on digital technology innovation of enterprises, trying to overcome potential endogeneity problems in regression estimation processes. Finally, in terms of research content, this article analyzes and tests the impact mechanism of cross-border e-commerce reform on digital technology innovation of enterprises, deepening the understanding of the economic consequences of cross-border e-commerce reforms.

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戴艳娟,沈伟鹏.跨境电商改革与出口企业数字技术创新——基于跨境电子商务综合试验区的准自然实验[J].西部论坛,2024,34(1):47-62

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  • 在线发布日期: 2024-03-31