金融科技赋能企业数字化创新:理论机制与实证检验

Financial Technology Empowering Digital Innovation of Enterprises:Theoretical Mechanism and Empirical Test

随着金融行业与科技行业的深度融合,金融科技已逐渐成为企业实现数字化创新的基础保障。文章基于2007—2021年中国上市公司数据样本,对金融科技与企业数字化创新之间的关系进行实证分析。结果表明:金融科技对企业数字化创新具有明显促进效应,且这一结论在经过一系列稳健性检验后仍然成立。金融科技对企业数字化创新的影响具有显著异质性特征,在国有企业、高技术行业企业及较大市场规模地区企业作用更强。融资约束、政府补贴和资源配置均在金融科技与企业数字化创新之间发挥重要机制作用。

With the deep integration of the financial industry and technology industry,financial technology has gradually become the fundamental guarantee for enterprises to achieve the goal of digital innovation.Based on the data sample of Chinese listed companies from 2007 to 2021,this paper empirically analyzes the relationship between financial technology and digital innovation in enterprises.The results are shown as follows:Financial technology has a significant promoting effect on digital innovation in enterprises,and this conclusion still holds after numerous robustness tests.The influence of financial technology on enterprise digital innovation is significantly heterogeneous,and it is more significant in state-owned enterprises,high-tech enterprises and enterprises in large market scale areas.Financing constraints,government subsidies,and resource allocation all play important roles in the relationship between financial technology and digital innovation of enterprise.