Digital Finance,Digital Divide and Enterprise Technological Innovation
The support of digital finance for technological innovation in enterprises is crucial for constructing a new development paradigm and pro-moting high-quality development.However,few studies have deeply considered the significant differences in its promotional effect due to the digital divide.This paper takes the A-share listed companies from 2012 to 2020 as samples and uses a two-way fixed-effect model to test the impact of digital finance on enterprise technological innovation.The research finds that digital finance significantly promotes enterprise technological innova-tion,but the promotional effect exhibits heterogeneity in local government human capital expenditures.Mechanism analysis indicates that the digital divide weakens the promotional effect of digital finance on enterprise technological innovation.
digital financethe digital dividetechnological innovationfiscal expenditure structurenew productive forces
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