摘要
数字金融如何更好赋能微观企业是当前数字金融体系与实体企业深度融合的重要议题。选取2011—2022年沪深A股企业数据,运用财务绩效和环境绩效综合衡量企业可持续发展绩效,实证检验数字金融与企业可持续发展绩效的关系及作用机制。研究发现,数字金融显著提高了企业的财务和环境双绩效以及可持续发展绩效水平。进一步在机制检验中发现,数字金融通过缓解企业的融资约束促进企业可持续发展绩效,且数字金融对企业可持续发展绩效的影响存在产权和地区差异性。研究丰富了数字金融与实体企业有效融合的相关理论,为我国推进生态文明建设和“双碳”目标实现提供决策参考。
How digital finance can better empower micro enterprises is an important issue in the current deep integration of digital financial system and real enterprises.Selecting the data of Shanghai and Shenzhen A-share enterprises from 2011 to 2022,the study empirically examines the relationship between digital finance and the sustainable development performance of enterprises and the mechanism of the relationship between digital finance and the sustainable development performance of enterprises by utilizing the financial performance and environmental performance to measure the sustainable development performance of enterprises.It is found that digital finance significantly improves both financial and environmental performance as well as the level of corporate sustainability performance.Further in the mechanism test,it is found that digital finance promotes corporate sustainability performance by alleviating corporate financing constraints,and there are property rights and regional differences in the impact of digital finance on corporate sustainability performance.This study enriches the theory of the effective integration of digital finance and real enterprises,and provides decision-making reference for promoting the construction of ecological civilization and achieving the goal of"double carbon"in China.
作者
杨洋
张志刚
Yang Yang;Zhang Zhigang(Department of Economic Managemen,Yuncheng University,Yuncheng Shanxi 044000)
出处
《对外经贸》
2024年第10期79-85,共7页
FOREIGN ECONOMIC RELATIONS & TRADE
基金
国家社科基金“金融集聚促进实体经济发展的微观机理与实现路径研究”(项目编号:19BJL016)。
关键词
数字金融
财务绩效
环境绩效
融资约束
可持续发展绩效
Digital Finance
Financial Performance
Environmental Performance
Financing Constraints
Sustainable Development Performance