Service-oriented manufacturing is a new industrial form of manufacturing transformation and development in the process of industrialization,promoting the innovation and development of service-oriented manufacturing,can promote the accelerated integration of advanced manufacturing and modern service industry,and is conducive to the formation of competitive advantages and the acceleration of transformation and upgrading.Based on the data of Shanghai and Shenzhen A-share manufacturing listed companies from 2012 to 2021,this paper empirically examines the impact of service-oriented manufacturing demonstration policies on the total factor productivity of enterprises.The study finds that:(1)The service-oriented manufacturing demonstration policy can promote the improvement of the total factor productivity of enterprises,and this result is still valid after the propensity score matching difference-in-difference model(PSM-DID)and the robustness test of the substituted explanatory variable.(2)On the action mechanism,the service-oriented manufacturing demonstration enterprise policy drives the increase in total factor productivity of firms mainly through two paths:improving enterprises'technological innovation and alleviating financing constraints.(3)The effects differ significantly among enterprises with different ownership,regions,and size heterogeneity.Finally,according to the above findings,the paper puts forward some suggestions such as continuously and deeply promoting the demonstration policy of service-oriented manufacturing,establishing and improving the technological innovation system of service-oriented manufacturing,giving full play to diversified financial support,and strengthening the pertinence and effectiveness of policy formulation and implementation.
关键词
服务型制造/企业全要素生产率/多时点双重差分法/中介效应
Key words
service-oriented manufacturing/total factor productivity of enterprises/multi-point difference-in-difference method/mediation effect