摘要
浙江省是高质量发展的先行区,上市企业全要素生产率提升是高质量发展的分解和微观体现。数字普惠金融能够优化金融资源配置,赋能企业高质量发展。本文选用2014—2022年浙江省区县企业面板数据,从全要素生产率视角对区县数字普惠金融发展支持上市企业高质量发展进行实证分析。研究表明,区县数字普惠金融发展显著促进浙江省上市企业全要素生产率提高,并且通过创新、激励和协同三个渠道机制产生作用,在企业所有权性质和环境敏感性上具有异质性影响。在此基础上,提出创新金融服务机制发展数字普惠金融,强化数字普惠金融促进企业创新作用,优化数字普惠金融社会保障功能和推动区域间金融资源整合等数字普惠金融支持浙江省上市企业高质量发展的对策建议。
Zhejiang Province is a pioneer in high-quality development,and the improvement of total factor productivity in listed companies is a micro-level manifestation of this development.Digital inclusive finance plays a key role in optimizing financial resource allocation and empowering enterprises’high-quality growth.This paper uses panel data from 2014 to 2022 on counties and enterprises in Zhejiang Province to empirically analyze how the development of digital inclusive finance at the county level supports the high-quality development of listed companies from the perspective of TFP.The findings show that the development of digital inclusive finance at the county level significantly enhances the total factor productivity of listed enterprises in Zhejiang,operating through three main channels:innovation,incentives,and collaboration.Additionally,the impact exhibits heterogeneity depending on ownership structure and environmental sensitivity.Based on these findings,the paper proposes several policy implications to further develop digital inclusive finance,including innovating financial service mechanisms,strengthening the role of digital inclusive finance in promoting innovation within enterprises,optimizing its social security function,and facilitating the integration of financial resources across regions to support the high-quality development of listed companies in Zhejiang.
作者
吴蕴赟
方秀丽
WU Yunyun;FANG Xiuli
出处
《新金融》
北大核心
2025年第6期74-84,共11页
New Finance
基金
2025年度浙江省社会科学界联合会研究课题“金融支持新质生产力与绿色低碳协同发展路径、机制和效率提升研究”(2025N100)
浙江金融职业学院2024年度基本科研业务费青年科研一般项目“数字普惠金融对长三角经济带城市共同富裕水平影响研究”(2024YB03)
2023年度教育部人文社会科学研究一般项目“宅基地‘三权分置’改革背景下农房抵押贷款政策绩效评价与提升策略”(23YJAZH128)。
关键词
数字普惠金融
上市企业
高质量发展
全要素生产率
Digital Inclusive Finance
Listed Companies
High-quality Development
Total Factor Productivity
作者简介
吴蕴赟,浙江金融职业学院,欧洲经济与金融研究中心研究员,金融管理学院教研室副主任,金融科技研究所常务副所长、副教授,E-mail:zjttwyy@163.com;方秀丽,浙江金融职业学院副教授。
