数字金融对制造企业创新产出质量的影响机制  

The Impact Mechanism of Digital Finance on the Innovation Output Quality of Manufacturing Enterprises

作　　者：王维[1,2] 曹智 龚晨 Wang Wei;Cao Zhi;Gong Chen(School of Economics and Management,Qiqihar University,Qiqihar 161006,China;Enterprise Innovation Development Research Center,Qiqihar University,Qiqihar 161006,China)

机构地区：[1]齐齐哈尔大学经济与管理学院,黑龙江齐齐哈尔161006 [2]齐齐哈尔大学企业创新发展研究中心,黑龙江齐齐哈尔161006

出　　处：《科技进步与对策》2024年第23期107-115,共9页Science & Technology Progress and Policy

基　　金：黑龙江省省属高等学校基本科研业务费科研项目(145209334,145409809,145409426)。

摘　　要：加快实现高水平科技自立自强背景下,企业创新产出质量成为学术界和实践界关注的焦点,数字金融在企业高质量创新发展实践中发挥重要作用。以动态能力理论、资源基础理论为基础,利用2015—2021年制造业上市公司数据,实证检验数字金融对制造企业创新产出质量的影响,进一步揭示其内在作用机理。结果表明:数字金融对企业创新产出质量具有显著正向影响,通过潜在吸收能力促进企业创新产出质量提升。进一步研究发现,数字金融对企业创新产出质量的影响会因企业属性或地区金融监管强度差异而呈现显著异质性。非国有企业、高科技企业或企业所在地区金融监管强度适中情景下,上述影响更加显著。结论可丰富企业创新驱动前因理论,并从企业、金融机构与政府监管3个方面为企业高质量创新发展提供管理启示。Digital finance is expected to provide high-quality services for economic and social development.The data processing technologies of digital finance based on the advantages of underlying digital financial technologies have enabled enterprises to realize the interaction of internal cognition and the external environment,enabling enterprises to strengthen potential absorption capabilities and transform external innovation resources into internal innovation capabilities.As an important subject in modernization in China,the manufacturing industry has long been stuck with the issue that the added value of manufacturing products is low in China and the development of manufacturing industry faces bottlenecks due to core-technology dependence.It is essential for China to cultivate core technology and improve the quality of innovation to achieve high-quality development.The high-quality development of manufacturing industry requires not only a good financial environment to solve the difficulty of high innovation investment but also precise product innovation through big data analysis and predictive models to improve the quality of innovation and development.Therefore,the mechanism of analyzing the improvement of the innovation quality of digital financial-driven manufacturing enterprises is of great significance for the high-quality development of China's manufacturing industry.This study uses data from A-share manufacturing listed companies from 2015 to 2021 as a sample to explore the impact of digital finance on the quality of corporate innovation output,as well as the intermediary role of potential absorptive capacity.By selecting the generalized least squares model and using Stata software,empirical research shows that digital finance promotes the improvement of the quality of innovation output of manufacturing enterprises,and potential absorptive capacity plays a mediating role in the relationship between digital finance and the quality of innovation output of enterprises.Further analysis shows that the effect of dig

关 键 词：数字金融 创新产出质量 潜在吸收能力 

分 类 号：F273.1[经济管理—企业管理]