企业投资效率对新质生产力的影响  

The Impact of Corporate Investment Efficiency on New-Quality Productivity

作　　者：朱依萍 ZHU Yiping(Anhui University,Hefei 230601,China)

机构地区：[1]安徽大学,安徽合肥230601

出　　处：《商业观察》2025年第9期69-72,78,共5页BUSINESS OBSERVATION

摘　　要：企业的投资效率是提升新质生产力发展水平的必要需求。文章以2011—2023年沪深A股上市企业为研究样本,深入考察企业投资效率对新质生产力发展水平的影响。研究揭示,企业的投资效率能够显著提高新质生产力发展水平,结论在历经多项稳健性验证后仍成立。其中,企业的投资效率可通过增强内部组织韧性、减少代理成本提升新质生产力发展水平。Corporate investment efficiency is the necessary requirement for enhancing the development level of new-quality productivity.This paper takes A-share listed companies in Shanghai and Shenzhen from 2011 to 2023 as research samples to deeply investigate the impact of corporate investment efficiency on the development level of new-quality productivity.The research reveals that corporate investment efficiency can significantly improve the development level of new-quality productivity,and this conclusion remains valid after multiple robustness checks.Specifically,corporate investment efficiency can enhance the development level of new-quality productivity by strengthening internal organizational resilience and reducing agency costs.

关 键 词：投资效率 新质生产力 组织韧性 代理成本 

分 类 号：F270[经济管理—企业管理]