Spatial Peer Effect of Enterprises’ Digital Transformation: Empirical Evidence from Spatial Autoregressive Models

Xiaozhen Pan (), Gengxi Xu and Nina Zhu
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Xiaozhen Pan: School of Accounting, Hangzhou Dianzi University, Hangzhou 310018, China
Gengxi Xu: School of Accounting, Hangzhou Dianzi University, Hangzhou 310018, China
Nina Zhu: School of Accounting, Hangzhou Dianzi University, Hangzhou 310018, China

Sustainability, 2022, vol. 14, issue 19, 1-19

Abstract: This study uses the spatial autoregressive model for panel data to empirically test the spatial peer effect of enterprises’ digital transformation by using a sample of Chinese listed companies during 2012–2021. We find that there is a significant spatial peer effect in the digital transformation of Chinese companies, and the level of digital transformation of a company increase with the level of digital transformation of its spatial peer companies. Moreover, heterogeneity analysis shows that the spatial peer effect of digital transformation can be effectively played only under a higher digital environment, higher marketization environment, and state-owned equity nature of companies. The findings suggest that it should focus on building a benchmark company for digital transformation, vigorously enhance the digital and marketization environment in the region and provide more policy support for the digital transformation of non-state-owned enterprises.

Keywords: enterprises’ digital transformation; spatial peer effect; spatial autoregressive models (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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