数字普惠金融对农业上市企业高质量发展的影响研究  

Research on the Impact of Digital Inclusive Finance on High-Quality Development of Listed Agricultural Enterprises

作　　者：周艺萍 于振伟[1] Zhou Yiping;Yu Zhenwei(Northeast Forestry University,Harbin,Heilongjiang 150000)

机构地区：[1]东北林业大学,黑龙江哈尔滨150000

出　　处：《中国商论》2025年第7期105-109,共5页China Journal of Commerce

基　　金：中央高校基本科研业务费专项资金项目(2020-261)。

摘　　要：本文采用2011—2022年中国农业上市企业数据与省份层面数字普惠金融指数,构建了时间—个体固定效应模型,实证探讨数字普惠金融对农业企业高质量发展的影响,并引入融资约束与研发投入作为中介变量探究其中的作用机制。研究结果表明,数字普惠金融对农业企业高质量发展具有显著的正向作用。替换被解释变量测算方法、剔除直辖市样本、解释变量滞后一期等一系列稳健性检验证实了结果的可靠性。影响机理检验显示,数字普惠金融能够通过缓解融资约束、促进研发投入推动农业企业高质量发展。本文研究为实现农业企业高质量发展提供了实证经验。Using the data of listed agricultural companies in China from 2011 to 2022 and the provincial-level digital fi nancial inclusion index,this paper constructs a time-individual fi xed eff ect model to empirically explore the impact of digital fi nancial inclusion on the high-quality development of agricultural enterprises,and introduces fi nancing constraints and R&D input as intermediary variables to explore the mechanism of action.The results show that:Digital inclusive fi nance has a signifi cant positive eff ect on the high-quality development of agricultural enterprises.A series of robustness tests,such as replacing the measurement method of explained variables,eliminating the sample of municipalities directly under the central government,and lagging the explanatory variables one stage,confi rm the reliability of the results.The impact mechanism test shows that digital fi nancial inclusion can promote the high-quality development of agricultural enterprises by easing financing constraints and promoting R&D investment.The research results provide empirical experience for the realization of high-quality development of agricultural enterprises.

关 键 词：农业企业 高质量发展 数字普惠金融 融资约束 研发投入 

分 类 号：F832.5[经济管理—金融学] F30