数字普惠金融、农业企业多元化经营与高质量发展

Digital Inclusive Finance, Diversified Operation of Agricultural Enterprises and High-Quality Development

基于2011~2021年我国农业企业上市公司数据,考察数字普惠金融对农业企业多元化经营的影响。结果表明:数字普惠金融的发展有利于农业企业实行多元化经营策略;传导路径分析显示,数字普惠金融通过降低企业的融资约束和提高企业的技术创新促进农业企业多元化经营;异质性分析结果表明,数字普惠金融与农业企业多元化经营之间的正相关关系在小企业、低年龄企业、成长期的企业和非国有企业中表现得更加明显;数字普惠金融发展的背景下,农业企业多元化经营有利于企业高质量发展。因此,在有效监管的前提下,应着力发展数字普惠金融,促进农业企业高质量发展。

Based on the data of listed companies of agricultural enterprises from 2011 to 2021 in China,this paper analyzes impact of digital inclusive finance on the diversification strategy of agricultural enterprises.The results show that the improvement of digital inclusive finance is conducive to the diversification strategy of agricultural enterprises.The results of transmission path analysis show that digital inclusive finance promotes the implementation of diversified management strategy of agricultural enterprises by reducing financing constraints and improving technological innovation.Heterogeneity analysis shows that the positive correlation between digital inclusive finance and the diversification of agricultural enterprises is more obvious in small enterprises,low-age enterprises,growing enterprises and non-state-owned enterprises.Under the background of the development of digital inclusive finance,the diversification of agricultural enterprises is conducive to the high-quality development of enterprises.Therefore,under the premise of effective supervision,efforts should be made to develop digital inclusive finance and promote high-quality development of agricultural enterprises.