银行金融科技对企业绿色创新的影响研究  

Research on the Impact of Financial Technology on Corporate Green Innovation

作　　者：郭娜 陈东晖 田青 Guo Na;Chen Donghui;Tian Qing(School of Finance,Tianjin University of Finance and Economics,Tianjin 300222,China;Nanjing Municipal Party School of the Communist Party of China,Nanjing 210046,China)

机构地区：[1]天津财经大学金融学院,天津300222 [2]中共南京市委党校,南京210046

出　　处：《工业技术经济》2024年第8期48-57,共10页Journal of Industrial Technological Economics

基　　金：国家社会科学基金后期资助项目“金融科技、银行信贷资源配置与实体经济高质量发展研究”(项目编号:23FJYB033);教育部人文社会科学研究青年基金项目“经济政策不确定性、混频高维关联与金融市场尾部风险传染效应研究”(项目编号:23YJC790038);国家自然科学基金青年项目“系统性风险防范视角下我国货币政策与宏观审慎政策协调机制研究”(项目编号:71903142)。

摘　　要：绿色创新是企业实现高质量绿色转型的关键路径,而金融科技作为银行数字化运营的新兴手段,对传统金融体系融资规则的改善能够有效提升金融服务效率,赋能企业绿色发展。本文以2013~2022年商业银行和上市企业为研究对象,实证研究发现,银行金融科技应用显著提高了企业绿色创新水平,实现质和量的双重增长;且金融科技的促进作用在非制造业、中小企业、盈余操纵程度较低以及分析师关注度较高的企业中更为明显。机制分析表明,金融科技通过信贷配置效应和信贷监督效应来促进企业绿色创新,即金融科技既能够促进银行流动性创造、缓解企业融资约束来释放企业绿色创新潜力;还可以强化银行监督效率、改善企业内部管理水平来提升企业绿色创新能力。最后,本文创新性地通过滤波模型识别企业投资峰值后发现,金融科技应基于企业投资动态进行针对性数字赋能。在企业投资高峰期,金融科技赋能力度更大,信贷配置效应和信贷监督效应更为显著。This article shows that the application of fintech in banks significantly improves the level of green innovation in en⁃terprises,achieving dual growth in quality and quantity;The promoting effect of financial technology is more evident in non manu⁃facturing industries,small and medium-sized enterprises,enterprises with lower levels of earnings manipulation,and those with higher analyst attention.Mechanism analysis shows that financial technology promotes green innovation in enterprises through credit allocation effects and credit supervision effects,that is,financial technology can promote bank liquidity creation and alleviate finan⁃cing constraints to unleash the potential for green innovation in enterprises.It is also possible to strengthen the efficiency of bank su⁃pervision and improve the internal management level of enterprises to enhance their green innovation capabilities.Finally,this arti⁃cle innovatively identifies the peak investment of enterprises through filtering models and finds that fintech should be targeted with digital empowerment based on the dynamics of enterprise investment.During the peak period of corporate investment,the empower⁃ment of financial technology is greater,and the effects of credit allocation and credit supervision are more significant.

关 键 词：银行金融科技 企业绿色创新 信贷配置 信贷监督 滤波模型 投资高峰 融资规则 金融服务 

分 类 号：F832[经济管理—金融学] F276