数字金融对制造业企业绿色技术创新的影响研究——基于企业金融化的调节效应
Research on the Impact of Digital Finance on Green Technology Innovation of Manufacturing Enterprises:Based on the Moderating Effect of Enterprise Financialization
王文静 1齐硕朋1
作者信息
- 1. 天津商业大学 经济学院,天津 300134
- 折叠
摘要
制造业是推动国民生产和经济平稳运行的重要力量,也是国内绿色技术创新的主体,但近年在发展过程中不断出现金融化的趋势,其资源配置行为发生变化.数字金融作为以新兴技术为代表所衍生出的金融新业态,能有效弥补传统金融的缺陷,为企业提供金融支持.基于2011-2021年A股制造业上市公司数据,研究分析企业金融化在数字金融和制造业企业绿色技术创新之间的调节效应.研究结果表明,数字金融会推动制造业企业绿色技术创新;制造业企业的金融化在数字金融和企业绿色技术创新之间存在显著的负向调节效应;数字金融对制造业企业绿色技术创新的激励效应在国有企业、东部地区和污染程度较高的企业中更加显著.最后,以相关理论支持给出了政策建议.
Abstract
The manufacturing industry is an important force driving national production and the smooth running of the economy,and also the main body of green technology innovation activities in China,but in recent years in the process of development has continued to appear the trend of financialization,which results in that its behavior of resource allocation changes.Digital finance,as a new form of finance de-rived from the emerging technologies in recent years,can effectively make up the shortcomings of tradi-tional finance and provide financial support for enterprises.With the data of Chinese A-share manufac-turing firms from 2011 to 2021,the moderating effect of enterprise financialization between digital fi-nance and green technology innovation of manufacturing firms is studied and analysed.The result sug-gests the following:the digital finance promotes the green technology innovation of manufacturing en-terprises;the financialization of manufacturing enterprises has a significant negative moderating effect between digital finance and green technological innovation of enterprise;The incentive effect of digital finance on green technological innovation of manufacturing enterprises is more pronounced in state-owned enterprises,enterprises in eastern region,and enterprises with a higher degree of pollution.Final-ly,policy recommendations are given with relevant theoretical support.
关键词
数字金融/绿色技术创新/企业金融化/制造业Key words
Digital Finance/Green Technology Innovation/Enterprise Financialization/Manufacturing Industry引用本文复制引用
出版年
2024
NETL
NSTL
万方数据