新质生产力对企业资本跨地区流动的影响效应研究——来自上市公司异地子公司的经验证据

Research on the Effect of New Quality Productivity on the Inter-regional Capital Flow:Empirical Evidence from Overseas Subsidiaries of Listed Companies

资本跨地区流动在促进区域间经济合作与协调发展方面扮演着重要的角色。基于2010-2022年我国A股上市公司面板数据,通过中介效应检验深入分析我国新质生产力发展对企业资本跨地区流动的影响。研究结果表明,新质生产力的发展对企业资本跨地区流动具有正向影响,新质生产力发展水平越高,企业资本跨地区流动的程度就越高,这种正向作用在非国有企业、劳动密集型企业、技术密集型企业以及东、西部地区尤为显著;影响机制是通过优化资源配置与营商环境来促进企业资本跨地区流动。因此,我国应善用新质生产力发展对企业资本跨地区流动的正向影响,通过优化资源配置和营商环境水平来提升企业资本跨地区流动。

Inter-regional capital flow plays an important role in promoting inter-regional economic cooperation and coordinated development.Based on the panel data of China's A-share listed companies from 2010 to 2022,this paper analyzes the impact of the development of China's new quality productivity on the cross-regional capital flow through the intermediary effect test.The research results show that the development of new quality productivity has a positive impact on the enterprises'inter-regional capital flow.The higher level the development of new quality productivity,the faster the inter-regional capital flow,and this positive effect is particularly significant in non-state-owned enterprises,labor-intensive enterprises,technology-intensive enterprises and the eastern and western regions.The influence mechanism is to promote the cross-regional capital flow by optimizing resource allocation and business environment.Therefore,China should make good use of the positive impact of the development of new quality productivity on the inter-regional capital flow,and improve the inter-regional capital flow by optimizing the allocation of resources and business environment.