摘要
企业作为社会绿色转型的主体,是推进经济高质量发展,顺应“双维一体化”发展趋势的关键。选取2014-2020年A股上市企业为样本,聚焦数字普惠金融的绿色转型效应,在行业异质性视角下研究数字普惠金融对企业绿色转型发展的传导路径及影响机理。结果表明:数字普惠金融对企业绿色转型具有较强的正向作用;受内部技术壁垒、阶段性特质等因素影响,数字普惠金融对不同行业重污染企业的影响效果也不相同,其中传统煤炭领域与石油和天然气领域之间存在较为显著的差异;数字普惠金融通过降低企业融资难度,缓解融资约束困境促进企业的绿色创新能力,进而影响企业绿色转型发展。为了更好地营造“逐绿而行”的政策环境,政府应以降低融资风险为锚点,加强数字化基础设施建设,着力创新激励机制,充分发挥企业在绿色转型中的主体作用。
As the main body of social green transformation,enterprises are the key to promoting high-quality economic development and conforming to the development trend of"dual-dimensional integration".This paper selects A-share listed companies from 2014 to 2020 as samples,focuses on the green transformation effect of digital inclusive finance,and studies the conduction path and influence mechanism of digital inclusive finance on enterprises'green transformation and development from the perspective of industry heterogeneity.The results show that digital inclusive finance has a strong positive effect on the green transformation of enterprises.Affected by internal technical barriers,stage characteristics and other factors,digital inclusive finance has different effects on heavy polluting enterprises in different industries,among which there is a significant difference between the traditional coal field and the oil and gas field.By reducing the financing difficulty of enterprises and alleviating the financing constraint dilemma,digital inclusive finance promotes the green innovation ability of enterprises,thus affecting the green transformation and development of enterprises.In order to better create a"green"policy environment,the government should take reducing financing risks as the anchor point,strengthen the construction of digital infrastructure,focus on innovation incentive mechanism,and give full play to the main role of enterprises in green transformation.
作者
张鹏翔
ZHANG Peng-xiang(School of Economics,Anhui University,Hefei 230000)
出处
《财务与金融》
2023年第4期33-40,共8页
Accounting and Finance
关键词
数字普惠金融
企业绿色转型
行业异质性
Digital Inclusive Finance
Corporate Green Transformation
Industry Heterogeneity
