This study investigates the correlation between the trans-regional investment of high-tech firms and digital transformation. We employ a two-fixed model based on listed firms from 2011 to 2022 to investigate the effects and fundamental mechanisms. Findings suggest that digital transformation can encourage high-tech firms to invest in trans-regional markets. This investment is accomplished by reducing costs, eliminating information asymmetry, and improving specialization and division of labor. This study examines how digital economic development is altering regional economic geography on a small scale, providing novel evidence and insights.

中文翻译：

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数字化转型能否促进高科技企业的跨区域投资？


本研究调查了高科技公司的跨区域投资与数字化转型之间的相关性。本文以 2011—2022 年的上市公司为研究对象，采用双固定模型研究其影响和基本机制。研究结果表明，数字化转型可以鼓励高科技公司投资于跨区域市场。这项投资是通过降低成本、消除信息不对称以及提高专业化和分工来实现的。本研究考察了数字经济发展如何在小范围内改变区域经济地理，提供了新的证据和见解。