银行金融科技对企业绿色创新的影响研究

Research on the Impact of Financial Technology on Corporate Green Innovation

绿色创新是企业实现高质量绿色转型的关键路径,而金融科技作为银行数字化运营的新兴手段,对传统金融体系融资规则的改善能够有效提升金融服务效率,赋能企业绿色发展。本文以2013~2022年商业银行和上市企业为研究对象,实证研究发现,银行金融科技应用显著提高了企业绿色创新水平,实现质和量的双重增长;且金融科技的促进作用在非制造业、中小企业、盈余操纵程度较低以及分析师关注度较高的企业中更为明显。机制分析表明,金融科技通过信贷配置效应和信贷监督效应来促进企业绿色创新,即金融科技既能够促进银行流动性创造、缓解企业融资约束来释放企业绿色创新潜力;还可以强化银行监督效率、改善企业内部管理水平来提升企业绿色创新能力。最后,本文创新性地通过滤波模型识别企业投资峰值后发现,金融科技应基于企业投资动态进行针对性数字赋能。在企业投资高峰期,金融科技赋能力度更大,信贷配置效应和信贷监督效应更为显著。

This article shows that the application of fintech in banks significantly improves the level of green innovation in en⁃terprises,achieving dual growth in quality and quantity;The promoting effect of financial technology is more evident in non manu⁃facturing industries,small and medium-sized enterprises,enterprises with lower levels of earnings manipulation,and those with higher analyst attention.Mechanism analysis shows that financial technology promotes green innovation in enterprises through credit allocation effects and credit supervision effects,that is,financial technology can promote bank liquidity creation and alleviate finan⁃cing constraints to unleash the potential for green innovation in enterprises.It is also possible to strengthen the efficiency of bank su⁃pervision and improve the internal management level of enterprises to enhance their green innovation capabilities.Finally,this arti⁃cle innovatively identifies the peak investment of enterprises through filtering models and finds that fintech should be targeted with digital empowerment based on the dynamics of enterprise investment.During the peak period of corporate investment,the empower⁃ment of financial technology is greater,and the effects of credit allocation and credit supervision are more significant.