CEO权力与企业数字化转型——权力的多维异质效应检验

摘要/Abstract

摘要： 数字化转型作为企业“一把手工程”，对企业传统管理权力的转变提出了全新的要求。本文以2015—2022年沪深A股上市公司为样本，研究CEO异质性权力对企业数字化转型影响的差异化效应。研究发现：①CEO权力、CEO专家权力和CEO声誉权力对企业数字化转型具有促进作用，CEO组织权力和CEO所有制权力对企业数字化转型具有抑制作用。②儒家文化对CEO权力与企业数字化转型间关系具有调节作用。③机制检验发现，CEO权力、CEO声誉权力以及CEO专家权力通过提升技术创新效率、增加创新人力资源投入，促进企业数字化转型，而CEO组织权力和CEO所有制权力削弱了这一机制。④异质性检验发现，不论在科技行业、儒家文化强度还是地区划分中，CEO权力影响企业数字化转型均存在异质效应。高科技行业中CEO权力、CEO专家权力和CEO声誉权力对企业数字化转型促进作用更明显，CEO组织权力对企业数字化转型的抑制作用较弱。在儒家文化等级观念视角下，儒家文化浓厚地区CEO权力对企业数字化转型促进作用较弱，主要体现在CEO组织权力和CEO所有制权力层面。西部地区CEO声誉权力和CEO专家权力对数字化转型的促进作用更为明显，CEO组织权力和CEO所有制权力对数字化转型的抑制作用较弱。本文研究结论有助于深化认识CEO异质性权力对企业数字化转型影响的差异效应，并为数字经济背景下企业权力合理配置与数字化转型决策提供有益参考。

关键词: CEO权力, 企业数字化转型, 儒家文化

Abstract: Digital transformation, viewed as a key “CEO-driven initiative,” fundamentally reshapes traditional management authority. Using panel data from A-share listed companies in Shanghai and Shenzhen from 2015 to 2022, this study explores the differentiated impacts of CEO power on corporate digital transformation. The findings are as follows: (1) CEO power, expert power, and reputational power promote digital transformation, whereas organizational and ownership power inhibit it. (2) Confucian culture moderates the relationship between CEO power and digital transformation. (3) mechanism analysis reveals that expert power and reputational power foster digital transformation by enhancing innovation efficiency and human resource input, while organizational power and ownership power weaken this mechanism. (4) Heterogeneity tests indicate that these effects vary across industries, cultural contexts, and regions. In high-tech sectors, the positive impact of CEO, expert, and reputational power is stronger, while the negative effect of organizational power is weaker. In regions with strong Confucian influence, the positive effect of CEO power is less pronounced, mainly in terms of organizational power and ownership power. In western regions, the positive role of expert power and reputational power is more evident, with weaker inhibitory effects from organizational power and ownership power. These findings enrich understanding of how heterogeneous CEO power shapes digital transformation and offer insights for rational power allocation and strategic decisions in the digital economy.

Key words: CEO power, digital transformation, Confucian culture

高磊, 邵永兆. CEO权力与企业数字化转型——权力的多维异质效应检验[J]. 管理评论, 2026, 38(9): 220-234.

Gao Lei, Shao Yongzhao. CEO Power and Digital Transformation-An Empirical Examination of the Heterogeneous Effects of Multidimensional Power[J]. Management Review, 2026, 38(9): 220-234.

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