【摘要】 基于人力资本理论、委托代理理论，以2013—2024年A股上市公司的面板数据为样本，实证企业数字化转型对企业价值的影响机制。研究发现：企业数字化转型对于提升企业价值具有积极作用；高管薪酬激励在两者之间起到正向中介作用；异质性分析表明，与中西部地区企业和高新技术企业相比，东部地区企业和非高新技术企业的数字化转型对企业价值的作用性更强；经过稳健性检验，数字化转型对企业价值的影响依然显著。更多还原

【Abstract】 Based on human capital theory and principal-agent theory, this paper utilizes panel data from A-share listed companies in China between 2013 and 2024 to empirically examine the impact mechanism of corporate digital transformation on enterprise value. The findings reveal that digital transformation significantly enhances enterprise value. Executive compensation incentives play a positive mediating role in this relationship. Heterogeneity analysis indicates that the effect of digital transformation on enterprise value is more pronounced in enterprises located in eastern regions and non-high-tech firms, compared to those in central and western regions and high-tech enterprises. The results remain robust after rigorous sensitivity checks, confirming the sustained significance of digital transformation’s influence on enterprise value.更多还原