工业技术经济2026，Vol.45Issue(6)：39-49,11.DOI:10.3969/j.issn.1004-910X.2026.06.004
数字化转型对中国企业对外直接投资的影响分析
Analysis of the Impact of Digital Transformation on Chinese Enterprises'Outward Foreign Direct Investment
摘要
Abstract
Against the backdrop of"Digital China",leveraging digital transformation as an opportunity to promote outward foreign direct investment(OFDI)holds significant importance for advancing high-level opening-up.This paper first constructs a theoretical framework for analyzing the impact of digital transformation on enterprises'OFDI.Based on data from A-share listed companies in China between 2009 and 2024,an econometric model is established to empirically examine the effects and mechanisms of digital transformation on Chinese enterprises'OFDI.The findings are as follows:(1)digital transformation significantly promotes Chinese enterprises'OFDI,a conclusion that remains robust after a series of rigorous tests.(2)The promotional effect of digital transformation on OFDI is notably stronger for high-tech enterprises compared to non-high-tech enterprises.Additionally,the im-pact of digital transformation on OFDI is more pronounced among enterprises in eastern China than those in central and western re-gions.(3)Digital transformation facilitates Chinese enterprises'OFDI primarily by alleviating financing constraints and enhancing product market competitive advantage.(4)Economic policy uncertainty negatively moderates the relationship between digital trans-formation and Chinese enterprises'OFDI,with higher uncertainty weakening the influence of digital transformation on OFDI.关键词
数字化转型/对外直接投资/融资约束/经济政策不确定性/科技企业/市场竞争优势/文本分析法/梯度发展战略Key words
digital transformation/outward foreign direct investment/financing constraints/economic policy uncertainty/technology enterprises/market competitive advantage/textual analysis method/gradient development strategy分类
管理科学引用本文复制引用
乔敏健,姜悦,尹嘉程,李郑..数字化转型对中国企业对外直接投资的影响分析[J].工业技术经济,2026,45(6):39-49,11.基金项目
国家社会科学基金社科学术社团学术研究项目"中日美在中国周边国家投资策略演变与影响力比较研究"(项目编号:25SGC112) （项目编号:25SGC112）
国家社会科学基金一般项目"双重冲击下中国进口高质量发展机制与路径研究"(项目编号:21BJY009) （项目编号:21BJY009）
河北省高等学校人文社会科学研究青年拔尖人才项目"对外直接投资促进共同富裕目标实现的路径研究"(项目编号:BJS2023011) （项目编号:BJS2023011）
河北大学青年科研创新团队项目"企业'走出去'与高水平对外开放科研创新团队". （）
