高管团队数字代际多样性对企业人工智能发展的影响研究OA
Research on the Impact of Top Management Team Digital Gen-erational Diversity on Enterprise Artificial Intelligence Development
数字经济时代,企业提升人工智能发展水平对其增强资本市场竞争力、实现价值提升具有重要意义.高管团队作为企业决策的核心,其数字代际多样性能否及如何影响企业人工智能发展,进而作用于企业股票市场价值,尚未得到充分探析.基于数字代际理论,将高管划分为数字移民、数字桥民与数字原住民等3类,通过理论分析并实证检验高管团队数字代际多样性对企业人工智能发展的影响机制及其经济后果.研究发现,高管团队数字代际多样性对企业人工智能发展具有显著促进作用,且管理层能力增强与融资约束缓解在这一过程中发挥中介作用.情境分析表明,当企业内部存在明确的员工建言渠道、外部技术市场竞争程度更高时,上述积极影响更为显著.进一步的经济后果检验显示,高管团队的数字代际多样性能够通过推动企业人工智能发展,有效提升企业的股票市场定价水平.研究丰富了数字代际理论与企业人工智能发展领域的相关研究,为企业优化高管团队结构、提高人工智能发展水平及提升资本市场价值提供了理论参考与实践启示.
At the critical stage of accelerated artificial intelligence(AI)development,the Chinese government attaches great strategic importance to the integrated application of AI in various industries.A research report released by McKinsey clearly shows that China's AI devel-opment still lags behind some advanced countries in core technology and application depth,thus leaving considerable room for improvement.As the micro-subject of AI development,the im-provement of the enterprise AI development level is the key to enhancing the overall domestic AI development level and an important support for enterprises to achieve value enhancement.Thus,how to improve enterprise AI development has become an urgent research issue.The technologi-cal characteristics of AI require enterprises to provide both cognitive and resource support simul-taneously.As the core decision-making body of enterprises,the top management team(TMT)'s capabilities and traits are crucial to improving enterprise AI development.TMT digital genera-tional diversity is directly related to whether enterprises can obtain the dual support of cognition and resources required for AI development.Based on this,this paper takes Shanghai and Shen-zhen A-share non-financial listed enterprises as research objects,integrates digital generational theory,and explores the impact,mechanism,contextual constraints,and economic consequences of TMT digital generational diversity on enterprise AI development.Empirical results indicate that TMT digital generational diversity can significantly promote enterprise AI development,with enhanced management ability and alleviated financing constraints playing mechanistic roles in the relationship between them.Contextual analysis reveals that the positive effect is more pronounced when enterprises have clear employee voice channels and when the external technology market is more competitive.Economic consequence tests demonstrate that TMT digi-tal generational diversity can significantly enhance enterprises'stock market valuation by pro-moting the development of enterprise AI.Based on the above findings,this paper proposes rec-ommendations from three aspects.First,enterprises should optimize the digital generational structure of their TMT to effectively advance enterprise AI development and drive value en-hancement.Second,when promoting AI development,enterprises should fully leverage the dis-tinct cognitive and resource advantages of TMT members across different digital generations.Third,enterprises should align internal governance mechanisms with external market dynamics to enhance the positive impacts of TMT digital generational diversity on enterprise AI develop-ment.
张婷
天津外国语大学国际商学院,天津 300270
管理科学
高管团队数字代际人工智能数字经济管理层能力融资约束数字移民股票市场
TMTdigital generationAIdigital economyTMT′s capabilitiesfinancing con-straintsdigital immigrantstock market
《创新科技》 2026 (4)
77-92,16
天津市教委科研计划项目成果"高管数字代际影响企业人工智能发展的效应与机制研究"(2025SK079).
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