数字普惠金融、企业全要素生产率与绿色创新  

Digital Inclusive Finance,Total Factor Productivity,and Corporate Green Innovation

作　　者：段俊[1] 戈亭婷 张保帅[1] DUAN Jun;GE Tingting;ZHANG Baoshuai(School of Economics and Management,Chongqing Normal University,Chongqing 401331,China)

机构地区：[1]重庆师范大学经济与管理学院,重庆401331

出　　处：《哈尔滨商业大学学报（社会科学版）》2024年第2期15-30,共16页Journal of Harbin University of Commerce:Social Science Edition

基　　金：重庆师范大学博士项目“绿色发展视角下数字金融对区域技术创新效应研究”(21XWB044)。

摘　　要：绿色创新是企业提升绩效获得持续发展的重要动力,数字普惠金融和企业全要素生产率对企业绿色创新具有重要影响。以2011—2021年A股上市公司为样本,运用面板回归模型检验数字普惠金融对企业绿色创新的影响。研究发现:数字普惠金融对企业绿色创新具有显著促进作用,特别是相对于非国有企业、低污染行业和东部地区企业而言,数字普惠金融对国有企业、高污染行业和中西部地区企业的绿色创新促进力度更大;此外,企业全要素生产率(TFP)是数字普惠金融对企业绿色创新影响的中介,发展数字普惠金融可以提高企业TFP,从而推动企业绿色创新;环境监管在数字普惠金融与企业绿色创新之间发挥着积极的调节作用,提升环境监管水平将进一步增强数字普惠金融对企业绿色创新的促进作用。This article uses A-share listed companies from 2011 to 2021 as samples and employs a panel regression model to examine the impact of digital inclusive finance on corporate green innovation.The research results indicate that digital inclusive finance has a significant promotional effect on corporate green innovation,especially in the case of state-owned enterprises,high-pollution industries,and enterprises in central and western regions,where digital inclusive finance has a greater impact on promoting green innovation compared to non-state-owned enterprises,low-pollution industries,and enterprises in the eastern region.In addition,corporate Total Factor Productivity(TFP) serves as an intermediary for the impact of digital inclusive finance on corporate green innovation.Developing digital inclusive finance can enhance a company's TFP,thereby driving its green innovation.Environmental regulation plays a positive moderating role between digital inclusive finance and corporate green innovation.Enhancing environmental regulatory standards will further strengthen the promotional effect of digital inclusive finance on corporate green innovation.

关 键 词：数字普惠金融 绿色创新 企业全要素生产率 环境监管 

分 类 号：F832[经济管理—金融学] F272.5