绿色金融对企业新质生产力的影响研究——基于国家级绿色金融改革创新试验区的准自然实验  

Research on the Impact of Green Finance on the New Quality Productivity of Enterprises:Quasi-Natural Experiment Based on the National Green Finance Reform and Innovation Pilot Area

作　　者：彭诗盈 王凯 Peng Shiying;Wang Kai

机构地区：[1]湖北工程学院马克思主义学院,湖北孝感432100 [2]湖北工程学院经济与管理学院,湖北孝感432100

出　　处：《金融理论与实践》2025年第1期53-64,共12页Financial Theory and Practice

基　　金：武汉城市圈制造业发展研究中心开放基金项目(WZ2023Y02)的阶段性成果。

摘　　要：发展新质生产力是推动高质量发展的内在要求和重要着力点。以国家级绿色金融改革创新试验区建设为准自然实验,采用2012—2022年中国A股上市公司数据,深入考察绿色金融对企业新质生产力的影响及作用机制。研究发现,绿色金融能有效提升企业新质生产力,并通过了稳健性检验;绿色金融能够通过缓解企业融资约束、提高企业绿色创新水平进而促进企业新质生产力发展;绿色金融对成长期、非国有、非重污染、信息透明度低的企业新质生产力提升效果更明显。The development of new quality productivity is an intrinsic requirement and an important focus for promoting high-quality development. Based on the quasi-natural experiment of the construction of a national green finance reform and innovation pilot zone, the data of China’s A-share listed companies from 2012 to 2022 are used to deeply investigate the impact and mechanism of green finance on the new quality productivity of enterprises. The study found that green finance can effectively improve the new quality productivity of enterprises and passed the robustness test. Green finance can promote the development of new quality productivity of enterprises by alleviating the financing constraints of enterprises and improving the level of green innovation of enterprises. Green finance has a more obvious effect on improving the new quality productivity of enterprises in the growth stage, non-state-owned, non-heavily polluting, and low information transparency.

关 键 词：新质生产力 绿色金融 融资约束 绿色创新水平 

分 类 号：F832[经济管理—金融学]