In the context of the continuous deepening of supply-side reform,enterprise upgrading at the micro level is an impor-tant way to achieve high-quality economic development.Based on the panel data of listed industrial enterprises from 2008 to 2022,this paper empirically tests the impact of zombie enterprises on enterprise upgrading through a fixed effects model,and takes enterprise innovation ability and government intervention degree as intermediary variables to explore the indirect transmis-sion mechanism.The study finds that zombie enterprises significantly slow down enterprise upgrading.Enterprise innovation abil ity and government intervention degree play important intermediary effects.Zombie enterprises hinder the pace of enterprise up-grading by inhibiting enterprise innovation ability and occupying government resources.It is particularly noteworthy that this phe-nomenon is particularly prominent in provinces and cities with stronger economic strength,indicating that the negative impact of zombie enterprises on the enterprise upgrading process is more significant in a more mature and active economic environment.This study provides new micro evidence for the problem of zombie enterprises affecting high-quality economic development,and hopes to contribute to deepening supply-side reform and high-quality economic development.
维普
万方数据