金融科技对企业成长的影响研究

Research on the influence of FinTech on enterprise growth

在“双循环”新发展战略背景下,研究金融科技的发展对企业成长的影响,对在微观层面上改善企业发展环境、提升内循环效率具有重要意义。文章利用中国A股上市企业财务数据以及2012~2020年中国各省市数字普惠金融指数,采用双向固定效应模型分析金融科技与企业成长之间的关系。实证结果表明:金融科技的发展可以有效促进企业成长;并进一步通过异质性研究发现,金融科技对企业成长的促进作用在东部地区比较明显。

In the context of the“double cycle”new development strategy,it is of great significance to study the impact of the develop-ment of financial science and technology on the growth of enterprises to improve the development environment of enterprises and enhance the internal circulation efficiency at the micro level.Based on the financial data of Chinese A-share listed companies and the digital inclu-sive financial index of China's provinces and cities from 2012 to 2020,this paper uses the two-way fixed effect model to analyze the rela-tionship between financial technology and enterprise growth.The empirical results show that the development of financial technology can ef-fectively promote the growth of enterprises;furthermore,through heterogeneity research,it is found that the promoting effect of financial technology on enterprise growth is obvious in the eastern region.