金融科技发展对提升城市创业活跃度的影响研究

Research on the impact of fintech increase entrepreneurial activity in cities

创业活动是稳就业、稳增长的关键因素,对于推动我国经济社会高质量发展具有重要意义,金融科技的发展则为提升城市创业活跃度注入了新的力量。文章从理论层面剖析了金融科技发展对城市创业活跃度的影响机理,并利用我国280个城市多年面板数据对二者之间的关系进行了实证检验,研究发现:第一,基准回归结果和稳健性检验结果均表明金融科技发展对城市创业活跃度有着显著的正向影响;第二,进一步研究表明这种影响效应在城市规模、行政地位和地理区位等方面存在异质性;第三,机制检验结果表明,金融科技发展会通过提高金融服务效率及降低融资成本对城市创业活跃度产生积极影响,且降低融资成本的中介作用大于提高金融服务效率;第四,金融科技发展对城市创业活跃度的影响存在双门槛效应,且超过门槛阈值后其对城市创业活跃度的促进作用更强。据此本文提出藉由金融科技提升城市创业活跃度的对策建议。

Entrepreneurial activity is a key factor for stable employment and growth,which is of great significance for promoting the high-quality development of China's economy and society,and the development of fintech injects a new power to enhance urban entrepreneurial activity.The article analyses the mechanism of the impact of fintech development on urban entrepreneurial activity from the theoretical level,and empirically tests the relationship between the two using multi-year panel data of 280 cities in China.The study finds that:firstly,the results of the baseline regression and the results of the robustness test indicate that the development of fintech has a significant positive impact on urban entrepreneurial activity;secondly,further research shows that this impact effect is in the range of Second,further research shows that this effect is heterogeneous in terms of city size,administrative status and geographic location;third,the mechanism test results show that Fintech development has a positive impact on urban entrepreneurial activity by improving financial service efficiency and reducing financing costs,and the mediating effect of reducing financing costs is greater than that of improving financial service efficiency;fourth,there is a double-threshold effect in the impact of Fintech development on urban entrepreneurial activity and it has a significant impact on urban entrepreneurial activity when it exceeds the threshold value.Fourth,there is a double-threshold effect on the impact of fintech development on urban entrepreneurial activity,and the promotion effect on urban entrepreneurial activity is stronger after exceeding the threshold.Accordingly,this paper proposes countermeasures to enhance urban entrepreneurial activity through fintech.