企业数字技术创新对其新质生产力发展的影响机制

The Impact Mechanism of Enterprise Digital Technology Innovation on the Development of Its New Quality Productive Forces

在数字经济时代,数字技术创新有助于提高信息处理效率、优化资源配置和促进商业模式创新,俨然成为推进新质生产力发展的重要动力。为了探究企业数字技术创新对其新质生产力的影响作用,基于2011—2021年的中国上市企业数据,运用固定效应模型、两阶段最小二乘法等模型方法进行了实证研究,结果研究表明:企业数字技术创新能够显著促进其新质生产力发展,此结论在经历替换变量、排除政策冲击、工具变量法等处理后依然成立。机制检验结果显示,数字技术创新能够显著降低企业融资约束并提升企业管理效率以及全要素生产率,从而对新质生产力发展产生赋能效果。进一步基于分组回归的异质性探究发现,数字技术创新对高新技术企业、非国有企业、高供应链效率企业以及产融结合企业的新质生产力水平的赋能效果更强。根据研究结论,提出了加强数字技术基础设施建设、优化企业融资环境、优化企业内部管理、采取差异化扶持政策等相关建议。

In the era of digital economy,digital technology innovation helps to improve information processing efficiency,optimize resource allocation,and promote business model innovation,becoming an important driving force for promoting the development of new quality productivity forces.In order to explore the impact of digital technology innovation on the new quality productivity forces of enterprises,empirical research is conducted using fixed effects models,two-stage least squares methods,and other modeling methods based on data from Chinese listed companies from 2011 to 2021.Research has shown that digital technology innovation in enterprises can significantly promote the development of their new quality productivity forces,and this conclusion remains valid even after being treated with variables such as substitution,exclusion of policy shocks,and instrumental variable methods.The mechanism test results show that digital technology innovation can significantly reduce financing constraints for enterprises and improve management efficiency and total factor productivity,thereby empowering the development of new quality productivity forces.Further heterogeneity exploration based on group regression reveals that digital technology innovation has a stronger empowering effect on the level of new quality productivity forces of high-tech enterprises,non-state-owned enterprises,high supply chain efficiency enterprises,and integrated production and finance enterprises.Based on the research findings,the following suggestions are proposed.Firstly,strengthen the construction of digital technology infrastructure.Secondly,we will focus on stimulating the driving force of digital technology innovation in enterprises.Thirdly,optimize the financing environment for enterprises and provide more accurate financing services for them.Fourthly,optimize internal management of enterprises and promote digital upgrading of enterprise management.Fifth,adopt differentiated support policies to stimulate the innovation potential and market vitality of different enterprises.