数字化同群效应对企业技术前沿距离的影响

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中图分类号：F273.1 文献标识码：A 文章编号：1672-7312（2025）04-0452-10

Abstract： Under the background of the deep integration of digital economy and real economy，how digital peer efect affects enterprise technological frontier distance is a research that urgently needs to be explored.Taking the data of Chinese A-share listed firms in Shanghai and Shenzhen from 2O11 to 2023 as aresearch sample，this paper explores the impact of the digital peer effect on enterprise technological frontier distance by using a two-way fixed-effects model，and further examines the mediating role of dual inovation and the moderating role of strategic aggressiveness.It is found that the digital peer effect has asignificant negative impact on technological frontier distance，in which exploitative innovation plays a partial mediating role and exploratory innovation has a masking effect; and that strategic aggressiveness inhibits the negative relationship of the digital peer effect on technological frontier distance. The results of heterogeneity analyses indicate that state-owned firms（SOEs）and high-tech firms（HTEs） are more affected by the digital peer effect in the process of shortening the technological distance to industry frontier firms than non-SOEs and non-HTEs，respectively.The findings of the study help to clarify the influence mechanism of the digital peer effect on the technological catch-up of firms，and provide theoretical support for firms to accelerate digital transformation and shorten the distance to the techno

logical frontier.

Key words： digital transformation; peer effect; distance to technology frontier ;dual innovation; strategic aggressiveness

0 引言

当今社会正在经历一场由数字技术驱动的深刻变革。（剩余13754字）