| With the development of digital economy and the continuous progress of the world towards the era of digital economy,China also attaches more and more importance to the development of digital economy,taking it as an important support for the construction of a new development pattern.The impact of corporate digital transformation on enterprise performance and economic development has also been discussed in the academic and business circles.At the same time,China has put further social equity on the agenda,and achieving common prosperity has become a significant task for the next century.Under the background of digital economy,it is of great practical significance to examine the impact of corporate digital transformation on common prosperity.This paper mainly studies the relationship between corporate digital transformation and enterprises’ contribution to common prosperity.Common prosperity is measured by income distribution,which is a significant way to achieve common prosperity.Primary distribution,redistribution and the third distribution which are three ways of income distribution are used in the empirical research.In this paper,listed firms in Shanghai and Shenzhen A-shares which are undergoing digital transformation from 2011 to 2020 are selected for research.Ordinary least square method is used in benchmark regression,and instrumental variable method is finally adopted to process the endogeneity of the model,so as to ensure the causality between enterprises’ digital transformation and enterprises’ contribution to common prosperity.The final conclusion of this paper is that enterprise digital transformation will contribute to common prosperity through primary distribution,which is reflected in narrowing the internal salary gap.The mechanism is that enterprise digital transformation can improve the level of internal control,so as to narrow the internal salary gap.Corporate digital transformation will contribute to common prosperity through redistribution,which is embodied in reducing corporate per capita income tax and inhibiting direct tax expansion.The mechanism is that corporate digital transformation can bring tax incentives to enterprises,thus reducing corporate per capita income tax.The digital transformation of enterprises will inhibit the contribution of enterprises to common prosperity through the third distribution,which is specifically reflected in the reduction of the participation of enterprises in charitable donation.The mechanism is that the digital transformation of enter prises can improve the media attention of enterprises,so that enterprises will give up the behavior of social attention through charitable donation. |
