摘要
基于2011—2020年我国省级数字经济发展综合指数和沪深A股上市公司经验数据,本文探讨了数字经济发展水平对企业创新持续性的作用机制。直接影响机制表明,数字经济发展过程中产生的信息效应、增值效应和创新效应,能够促进企业创新持续性水平不断提升;进一步,间接影响机制检验发现数字经济发展水平可以在缓解企业融资约束以及提高风险承担水平的同时对企业创新持续性水平起到有效的推动作用。
Based on China’s provincial digital economy development level index from 2011 to 2020 and combined with the empirical data of A-share companies listed on the main board of Shanghai and Shenzhen,the fixed-effect model is adopted to explore the impact mechanism of digital economy development on enterprise innovation sustainability.The results show that the information effect,value-added effect and innovation effect generated in the development process of digital economy can directly promote the continuous improvement of enterprises’innovation sustainability.The analysis of indirect influence mechanism shows that the development of digital economy can improve the sustainability of enterprise innovation by easing financing constraints and improving risk taking.
作者
曾月旻
杜金柱
ZENG Yue-min;DU Jin-zhu(Nanyang Institute of Technology,Nanyang 473004,China)
出处
《南阳理工学院学报》
2023年第5期46-52,共7页
Journal of Nanyang Institute of Technology
关键词
数字经济发展
企业创新持续性
风险承担
融资约束
digital economy development
corporate innovation sustainability
risk-taking
financing constraint
