智慧城市建设提升了城市金融韧性吗?  

Has Smart City Construction Improved Urban Financial Resilience?

作　　者：林春[1] 张鑫[1] 孙英杰[1] LIN Chun;ZHANG Xin;SUN Yingjie(School of Finance and Trade,Department of Economics,Liaoning University,Shenyang 110036,China)

机构地区：[1]辽宁大学经济学部金融与贸易学院,辽宁沈阳110036

出　　处：《经济经纬》2024年第6期121-135,共15页Economic Survey

基　　金：辽宁省社会科学规划基金重点项目(L24AJL002)。

摘　　要：利用地级市层面数据,尝试探讨智慧城市建设对我国城市金融韧性的影响。结果表明:智慧城市建设可以显著提升城市金融韧性,并且该结论经过一系列稳健性检验后依旧成立。机制检验发现,智慧城市建设能够通过推动数字金融发展、缓解企业融资约束以及抑制企业金融化促进城市金融韧性的提升。异质性分析发现,智慧城市建设对城市金融韧性的促进作用与城市的行政等级、地理区位、城市规模及金融活跃程度有关。在行政级别较高、区位优势较差、规模较小以及金融活跃程度较低的城市组别中,智慧城市建设对城市金融韧性的促进效果更为明显。研究结论为我国以城市治理模式改革强化金融韧性提供了经验证据,同时也为金融高质量发展提供了理论支持与政策参考。Taking the construction of smart cities as the starting point,the paper attempts to explore the impact of smart city construction on my country’s urban financial resilience.The results indicate that the construction of smart cities can significantly enhance urban financial resilience,and this conclusion remains robust after a series of sensitivity tests.Mechanism tests reveal that the construction of smart cities can promote the enhancement of urban financial resilience by fostering the development of digital finance,alleviating corporate financing constraints and curbing corporate financialization.Heterogeneity analysis shows that the role of smart city construction in promoting urban financial resilience is related to the administrative level,geographical location,urban size and financial activity level of the city.Among the urban groups with higher administrative levels,poor location advantages,smaller scale and low financial activity,the construction of smart cities has a more obvious effect on promoting urban financial resilience.The conclusion provides empirical evidence for strengthening financial resilience through urban governance model reforms in China,and also offers theoretical support and policy references for high-quality financial development.

关 键 词：智慧城市 城市金融韧性 数字金融 融资约束 企业金融化 金融强国 

分 类 号：F832[经济管理—金融学]