数字金融发展、信贷资源配置效率与城市创新能力提升  

Development of Digital Finance, Efficiency of Credit Resource Allocation and Improvement of Urban Innovation Capacity

作　　者：肖宇 宋瑞晨 Xiao Yu;Song Ruichen

机构地区：[1]中国社会科学院亚太与全球战略研究院 [2]清华大学全球私募股权研究院,北京100007 [3]中国邮政储蓄银行总行财富管理部,北京100808

出　　处：《企业经济》2023年第12期150-160,共11页Enterprise Economy

基　　金：国家社会科学基金后期资助暨优秀博士论文项目“数字贸易规则研究”(项目编号:22FGJB013);中国社会科学院青年人文社会科学研究中心调研项目“以市场化方式设立乡村振兴基金的可行性研究”(项目编号:2024QNZX015);中国社会科学院习近平新时代中国特色社会主义思想研究中心2024年度重点项目“社会学科理论建构视角下人类命运共同体思想的国际关系理论化研究”(项目编号:2024XYZD13)。

摘　　要：加快实施创新驱动发展战略,需要构建对创新更为友好的金融支持体系。但受商业模式制约,支持创新融资一度曾是商业银行的业务短板,数字金融的出现,为解决部分创新主体在传统授信体系中无法被准确定价的难题提供了一个可行的方案。本文利用中国城市面板数据和数字金融发展指数进行研究,发现数字金融可以改善商业银行信贷业务投放效率,并通过繁荣创新生态体系,继而促进整个城市创新能力提升。分阶段来看,数字金融的发展水平越高,则对该城市创新能力的推动效应就越显著。本文据此提出,应大力发展数字基础设施,同时推动商业银行产品和业务数字化转型,构建多层次、宽领域和差异化的创新金融服务体系,切实助力中国城市创新增长。To accelerate the implementation of innovation-driven development strategy,it is necessary to build a more innovation-friendly financial support system.However,due to the constraints of the business model,supporting innovative financing was once the business weakness of commercial banks.The emergence of digital finance has provided a feasible solution to solve the problem that some innovative subjects cannot be accurately priced in the traditional credit system.By using the panel data of China's cities and the digital finance development Index,this paper finds that digital finance can improve the efficiency of commercial banks'credit business delivery,and promote the innovation capacity of the whole city by thriving the innovation ecosystem.In different stages,the higher the development level of digital finance,the more significant the driving effect on the city's innovation ability.Based on this,this paper proposes that we should vigorously develop digital infrastructure,promote the digital transformation of commercial banks'products and services,and build a multi-level,wide-ranging and differentiated innovative financial service system to effectively promote the innovative growth of Chinese cities.

关 键 词：数字金融 创新企业融资 信贷效率 全要素生产率 面板分位数回归模型 

分 类 号：F832[经济管理—金融学]