数字金融发展激励民营企业创新的研究——基于山东省上市民营企业的实证分析

• 作者： 段光君 ¹ 杨希 ¹
• 作者单位：
  1.  山东财经大学东方学院
• 提交时间：2024-09-23

摘要: 本文在剖析数字金融对民营企业技术创新作用机制的基础上，以山东省170家上市民营企业为研究对象，以民营企业创新水平为被解释变量，以数字金融发展水平为解释变量，并引入融资约束为中介变量，利用Tobit模型和中介效应模型实证检验数字金融对民营企业创新的激励作用。结果表明，数字金融发展既提高了民营企业的创新投入，又激励了民营企业的技术创新活动，该作用十分显著；数字金融发展主要通过缓解融资约束激励民营企业创新。基于此，本文提出推动数字金融健康发展、提升民营企业的数字金融适应能力等政策建议，旨在通过数字化转型推进民营企业创新，进而助力金融高质量发展，实现金融强国战略。

Abstract: This study explores how digital finance influences technological innovation in private enterprises, focusing on 170 publicly listed private enterprises in Shandong Province. Innovation levels in these enterprises serve as the dependent variable, with the development of digital finance as the independent variable and financing constraints as the mediating variable. Using the Tobit model and mediation effect model, the research empirically examines the stimulatory impact of digital finance on private enterprise innovation. The results show that the advancement of digital finance significantly increases innovation investment in private enterprises and stimulates technological innovation activities. This effect is primarily achieved through the alleviation of financing constraints, which acts as a catalyst for innovation in the private sector. Based on these findings, the study recommends policies to promote the healthy development of digital finance and enhance the digital financial adaptability of private enterprises. Embracing digital transformation can drive private enterprise innovation, contribute to the high-quality development of the financial sector, and advance the strategic objective of national financial strength.

• 分类： 应用经济学 >> 金融学
• 稿件状态： 已在期刊出版
期刊名称： 《中国商论》 2024年 第10期
• 引用： PSSXiv:202409.02216 (或此版本 PSSXiv:202409.02216V1)
  DOI:10.19699/j.cnki.issn2096-0298.2024.10.112
  CSTR:32012.36.PSSXiv.202409.02216
• 推荐引用方式： 段光君,杨希.数字金融发展激励民营企业创新的研究——基于山东省上市民营企业的实证分析.中国商论,2024(10).[DOI:10.19699/j.cnki.issn2096-0298.2024.10.112] (点此复制)