企业家精神、数智化转型与企业韧性

刘亦文¹　邓楠²　黄馨¹

（1.湖南工商大学；2.南昌大学）

摘要：面对日益复杂的市场环境与不确定性因素，企业家精神作为企业发展的关键内在动力，对企业韧性提升具有重要作用。本文选取2010—2022年中国A股上市企业的面板数据，实证探究企业家精神对企业韧性的影响，以及数智化转型在其中的传导作用。研究发现：（1）企业家精神有助于促进企业韧性提升；（2）企业家精神可以通过引领数智化转型赋能企业韧性提升，而数字经济政策能进一步强化企业家精神对数智化转型的促进作用；（3）企业家精神对企业韧性的影响主要体现在非国有企业、大规模企业和高科技企业，且在竞争激烈的行业、东部地区及营商环境优越的地区表现更为突出。本文的研究结论为加快培育和弘扬企业家精神，推动企业数智化转型和实现可持续发展提供了实践启示。

关键词：企业家精神；企业韧性；数智化转型；数字经济政策；可持续发展

作者简介：刘亦文，湖南工商大学国际商学院教授、博士生导师，长沙，410205；邓楠，南昌大学经济管理学院博士研究生，南昌，330031；黄馨，湖南工商大学国际商学院副教授，通信作者。

基金项目：国家社会科学基金一般项目“韧性城市生态环境风险的协同治理机制与路径优化研究”（25BJY130）；湖南省自然科学基金面上项目“基于企业环境信息披露‘象征—实质’偏差视角的高碳企业‘漂绿’行为的形成机制、扩散效应与协同治理研究”（2025JJ50469）；湖南省教育厅科学研究重点项目“中国式现代化进程中湖南区域协调发展机制深化与路径优化研究”（25A0446）

引用格式：刘亦文,邓楠,黄馨.企业家精神、数智化转型与企业韧性[J].经济与管理研究,2026,47(3):52-65.

Entrepreneurship, Digital-Intelligence Transformation, and Corporate Resilience

LIU Yiwen¹, DENG Nan², HUANG Xin¹

(1. Hunan University of Technology and Business, Changsha 410205;

2. Nanchang University, Nanchang 330031)

Abstract: In the context of an increasingly complex market environment, maintaining stable operations and achieving sustained growth has become a critical issue in corporate governance. Entrepreneurship, as a core element for sustaining long-term competitive advantage, plays a key role in building corporate resilience. Meanwhile, with the ongoing wave of digital-intelligence transformation (DIT), digital technologies have increasingly become essential tools for firms to respond to external shocks, optimize resource allocation, and enhance organizational efficiency. In this context, entrepreneurship functions as an internal driver of corporate resilience by promoting technology adoption, organizational restructuring, and managerial change. Therefore, systematically investigating how entrepreneurship influences corporate resilience through DIT not only deepens the understanding of resilience mechanisms but also provides practical guidance for firms in navigating complex environments and optimizing strategic decision-making.

This paper uses panel data from A-share listed firms in China from 2010 to 2022 as the research sample to systematically examine the impact of entrepreneurship on corporate resilience and the mediating role of DIT through both theoretical analysis and empirical testing. The findings reveal that entrepreneurship can enhance corporate resilience. This conclusion remains valid after a series of endogeneity and robustness tests. Mechanism analysis indicates that this positive effect operates by leading DIT, and digital economy policies further strengthen this effect. Heterogeneity analysis demonstrates that the enhancement is more pronounced in non-state-owned firms, large firms, and high-tech firms, and is also more evident among firms operating in highly competitive industries, and those located in eastern regions and areas with a favorable business environment.

The marginal contributions of this paper are threefold. First, it integrates entrepreneurship and corporate resilience into a unified analytical framework, enriching existing research perspectives and providing a clearer theoretical basis for understanding how firms maintain stable operations and sustained competitive advantages in complex environments. Second, by explicitly incorporating DIT as a core mechanism, this paper systematically examines the interactions among entrepreneurship, DIT, and corporate resilience. At the same time, it reveals the external incentive role of digital economy policies in promoting entrepreneurship-led DIT. These findings provide theoretical support for understanding the formation mechanisms of corporate resilience and offer practical guidance for accelerating firms’DIT. Third, this paper develops a heterogeneity analysis framework based on firm characteristics and external environmental conditions. This framework allows for a systematic examination of the differentiated effects of entrepreneurship on corporate resilience and provides empirical evidence and managerial implications for designing context-specific resilience-building strategies and tailoring government policies to different types of firms.

Keywords: entrepreneurship; corporate resilience; digital-intelligence transformation; digital economy policy; sustainable development

下载全文