Research On The Impact Of Innovative City Pilot Policies On Enterprise Digital Transformatio

In today’s era,the development of digital economy has become an important link to promote China’s high-quality development.As the micro carrier of digital technology application,the digital transformation process of enterprises has gradually become the focus of attention from all walks of life.In order to accelerate the transformation of regional economic development mode and give full play to the leading role of science and technology in economic development,China first started to implement the pilot policy of innovative cities in Shenzhen in 2008,and then gradually popularized it in some cities.Since the implementation of the pilot policy of innovative cities,it has not only effectively promoted the industrial economic development of pilot cities,but also given new kinetic energy to the digital transformation of enterprises.Looking back on the existing research,the existing research based on the pilot construction of innovative cities is mostly based on the macro perspective such as city level and industry level,while the research on the impact of micro-enterprises is relatively few.Therefore,this study takes the digital transformation of enterprises as the research object,and deeply discusses the impact of the implementation of innovative city pilot policies on the digital transformation of enterprises,which has certain theoretical and practical significance.In this paper,the national innovative city pilot policy is set as an independent variable,Set the index of enterprise digital transformation degree obtained by text analysis and other methods as dependent variables to build a digital driving effect model of policies,Based on the data of A-share listed companies from 2007 to 2017,this paper analyzes the multi-time double difference method,and empirically tests the incentive effect of the implementation of innovative city pilot policies on the digital transformation of enterprises.The results show that: first,the pilot construction of innovative cities significantly promotes the digital transformation process of enterprises,and this conclusion is still valid after a series of robustness tests;Second,the mechanism analysis shows that the pilot policy of innovative cities affects the digital transformation of enterprises through policy leading effect,industrial structure effect and talent agglomeration effect;Thirdly,the results of heterogeneity analysis show that the implementation of innovative city pilot policy is more effective in non-state-owned enterprises,small and medium-sized enterprises,labor-intensive industries and provincial capitals.Finally,corresponding policy recommendations are put forward based on the research results of existing studies.