绿色金融对体育企业全要素生产率的影响研究——来自中国体育上市公司的经验证据  

Impact of Green Finance on Total Factor Productivity of Sports Enterprises:Empirical Evidence from Listed Sports Companies in China

作　　者：李艳丽[1] 赵萱 LI Yanli;ZHAO Xuan(School of Management,Beijing Sport University,Beijing 100084,China)

机构地区：[1]北京体育大学管理学院,北京100084

出　　处：《山东体育学院学报》2025年第2期23-33,共11页Journal of Shandong Sport University

基　　金：国家社会科学基金一般项目(编号:21BTY052)。

摘　　要：绿色金融是我国体育产业实现高质量的重要驱动力。该研究基于对绿色金融及体育产业高质量发展内在逻辑的深刻剖析,以我国体育上市公司为研究样本,构建双向固定效应模型,深入探讨了绿色金融发展水平与体育企业全要素生产率之间的动态关系及因果链条。研究发现,绿色金融对体育企业全要素生产率具有显著的正向影响,这主要得益于绿色金融在优化企业生产结构方面产生的积极作用;随着企业外部融资约束的缓解,绿色金融对体育企业生产效率的促进作用进一步增强;在不同经济地带和行业细分领域,绿色金融的影响力呈现出差异性。基于此,从政府、金融机构和企业三个层面提出绿色金融驱动体育产业高质量发展的政策建议:政府应加强绿色政策引导,完善政策体系;金融机构应创新绿色金融产品,促进产业协同;体育服务业企业应瞄准新兴业态提升服务附加值,体育制造业企业应通过高端化、智能化、绿色化升级推动新型工业化进程,体育建筑业企业应通过科技赋能推动智慧建造与绿色升级的协同发展等。Green finance is an important driving force for China sports industry to achieve high quality.Based on a profound analysis of the internal logic of high-quality development of green finance and sports industry,this study takes listed sports companies in China as research samples,constructs a two-way fixed effect model,and deeply discusses the dynamic relationship and causal chain between the development level of green finance and the total factor productivity of sports enterprises.It is found that green finance has a significant positive impact on the total factor productivity of sports enterprises,which is mainly due to the positive role of green finance in optimizing the production structure of enterprises.With the easing of the external financing constraints of enterprises,the promoting effect of green finance on the production efficiency of sports enterprises has been further enhanced.Further research shows that the influence of green finance varies in different economic zones and industry segments.Based on this,policy suggestions for driving high-quality development of sports industry through green finance were put forward from three levels of government,financial institutions and enterprises:The government should strengthen green policy guidance and improve the policy system;financial institutions should innovate green financial products to promote industrial synergy;sports service enterprises should target the emerging formats to enhance the added value of services,sports manufacturing enterprises should promote the process of new industrialization through high-end,intelligent and green upgrading,and sports construction enterprises should promote the coordinated development of smart construction and green upgrading through scientific and technological empowerment.

关 键 词：绿色金融 体育企业 全要素生产率 高质量发展 企业生产结构 双向固定效应模型 

分 类 号：G80-052[文化科学—运动人体科学]