摘要
在新一轮科技与产业变革加速演进的背景下,战略性新兴产业作为构建新质生产力的重要载体,其发展亟须金融要素的有效支撑。本文基于2011—2022年A股上市企业面板数据,采用双固定效应模型检验数字金融对战略性新兴产业新质生产力的影响效应。研究发现:数字金融能够显著提升战略性新兴产业的新质生产力水平,且该结论在多项稳健性与内生性检验下均保持稳健;机制分析表明,数字金融通过影响人力资本、数字化转型与科技创新三条路径间接促进新质生产力生成;异质性研究显示,数字金融对战略性新兴产业新质生产力的促进作用在企业规模、区域分布与产业类型等维度上存在显著差异。本文研究成果为推动战略性新兴产业提质增效提供了理论支持与政策启示。
Against the backdrop of accelerated technological and industrial transformation,strategic emerging industries have become a key vehicle for fostering new quality productive forces.The development of these industries urgently requires effective financial support.Based on panel data from A-share listed companies between 2011 and 2022,this paper employs a two-way fixed effects model to examine the impact of digital finance on the new quality productive forces of strategic emerging industries.The results show that digital finance significantly enhances the level of new quality productive forces in these industries,a conclusion that remains robust under various tests for endogeneity and robustness.Further analysis reveals that digital finance indirectly promotes the formation of new quality productive forces through three main channels:human capital,digital transformation,and technological innovation.Heterogeneity analysis indicates that the empowerment of digital finance varies significantly by enterprise size,regional distribution,and industry type.These findings provide theoretical support and policy insights for improving the quality and efficiency of strategic emerging industries.
作者
李彤斐
安强身
Li Tongfei;An Qiangshen(Business School,University of Jinan,Jinan,Shandong 250000)
出处
《中国商论》
2025年第16期114-120,共7页
China Journal of Commerce
关键词
数字金融
战略性新兴产业
新质生产力
科技创新
数字化转型
digital finance
strategic emerging industries
new quality productive forces
technological innovation
digital transformation
