学校代码10125专业代码1202Z1
硕士学位论文
题目企业数字化转型对供应链话语权的影响研究
姓名吴彦辰
专业财务管理
研究方向公司财务与公司治理
所属学院会计学院
指导教师李颖
二〇二四年六月
University Code 10125Major Code 1202Z1
Shanxi University of Finance &Economics
Thesis for Master’s Degree
Title The Research on the influence of
enterprise digital transformation on the
voice power of supply chain
Name Wu Yanchen
Major Financial Management
Research Orientation Corporate finance and Corporate Governance
School School of Accounting
Tutor Li Ying
June，2024
摘要
供应链话语权体现了企业的核心竞争力,对企业实现长期可持续发展至关重
要。当前，我国企业普遍高度依赖大客户和大供应商，由此导致在供应链中话语权
较弱的问题。与此同时，在当前数字经济浪潮与高度不确定的经济环境叠加作用下，
企业数字化转型打破了产业边界，重塑了竞争格局，改变了价值创造方式，这可能
进一步影响到其在供应链中的竞争地位，即供应链话语权。
据此，本文首次从供应链话语权视角考察了企业数字化转型在其中所发挥的
作用，并利用2007—2022年中国A 股上市公司的数据进行验证。研究发现：首先，
数字化转型有助于提升企业的供应链话语权，且该结论在经过工具变量法、
Heckman 两阶段回归模型、高维固定效应模型等一系列稳健性检验和内生性检验后
依然显著成立；其次，创新驱动效应和降本减费效应可能是数字化转型发挥供应链
话语权提升作用的关键驱动力；再次，企业数字化转型对供应链话语权的提升作用
存在地区、行业、要素密集度和系统性风险异质性；最后，区分不同口径数字化转
型对供应链话语权的提升作用存在差异，其中区块链技术应用发挥的作用最强。
在理论上，本文不仅将企业数字化转型经济后果的文献从企业自身拓展至供
应链层面，而且较早将供应链话语权影响因素的文献从企业一般特征或财务表现
拓展至数字化变革，这有助于构建数字化转型与市场主体关系的微观理论基础。此
外，文章还深入探讨了企业数字化转型提升供应链话语权的内在作用机理，发现创
新驱动效应和降本减费效应在其中起到了关键作用；在实践上，本文为企业通过进
行数字化转型，探寻提升供应链话语权、加快构建数字化供应链的现实路径提供了
重要启示，也为政府部门出台相应措施，鼓励、支持和引导企业加快数字化转型提
供了政策启示。
关键词：企业数字化转型；供应链话语权；创新驱动效应；降本减费效应
ABSTRACT
The voice power of supply chain reflects the core competitiveness of enterprises,
which is very important for enterprises to achieve long-term sustainable development.At
present,Chinese enterprises generally highly rely on large customers and suppliers,which
leads to the problem of weak discourse power in the supply chain.At the same time,under
the superposition of the current wave of digital economy and the highly uncertain
economic environment,the digital transformation of enterprises has broken the industrial
boundary,reshaped the competitive pattern,and changed the way of value creation,which
may further affect their competitive position in the supply chain,that is,the discourse
power of the supply chain.
Therefore,this paper examines the role of enterprises'digital transformation from
the perspective of supply chain discourse power for the first time,and uses the data of
China's A-share listed companies from 2007to 2022for verification.The findings are as
follows:firstly,digital transformation helps to improve the discourse power of enterprises
in supply chain,and this conclusion is still significantly valid after a series of robustness
tests and endogenity tests such as instrumental variable method,Heckman two-stage
regression model and high-dimensional fixed effect model.Secondly,innovation-driven
effect and cost reduction effect may be the key driving force for digital transformation to
play a role in improving the voice power of supply chain;Thirdly,the role of enterprise
digital transformation in improving the discourse power of supply chain is heterogeneous
in region,industry,factor intensity and systemic risk.Finally,there are differences in the
promotion effects of digital transformation of different caliber on the discourse power of
supply chain,among which the application of blockchain technology plays the strongest
role.
Theoretically,this paper not only expands the literature on the economic
consequences of enterprise digital transformation from the enterprise itself to the supply
chain level,but also expands the literature on the influencing factors of supply chain voice
from the general characteristics or financial performance of enterprises to digital
transformation,which helps to build the micro theoretical foundation of the relationship
between digital transformation and market players.In addition,this paper also deeply
discusses the internal mechanism of enterprises'digital transformation to improve the
discourse power of supply chain,and finds that innovation-driven effect and cost
reduction effect play a key role in it.In practice,this paper provides important
implications for enterprises to explore the realistic path to enhance the discourse power
of supply chain and accelerate the construction of digital supply chain through digital
transformation,and also provides policy implications for government departments to
introduce corresponding measures to encourage,support and guide enterprises to
accelerate digital transformation.
Keywords：Digital transformation of enterprises;Supply chain voice;Innovation-
driven effect;Cost and fee reduction effect.
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