摘要
数字经济和实体经济深度融合为企业高质量发展创造了有利条件。本文基于企业间专利引用信息刻画企业数实技术融合行为,阐释数实技术融合对企业财务绩效的影响及路径。结果显示,积极的数实技术融合行为可以显著赋能企业财务绩效的提升,且该效应通过增强组织韧性、缓解融资约束两条路径发挥作用。此外,企业所处生命周期与所在行业不同,数实技术融合的赋能效应亦存在分异。上述结论为企业创新发展提供了经验证据和政策启示。
The deep integration of the digital economy and the real economy creates favorable conditions for the high-quality development of enterprises.Based on the patent citation information among enterprises,this paper portrays enterprises'digital and real technology integration behavior,and explains the impact and path of digital and real technology integration on enterprises'financial performance.The results show that positive digital and real technology integration can significantly enhance the financial performance of enterprises,and this effect works through two paths:enhancing organizational resilience and alleviating financing constraints.In addition,the enabling effect of digital-real technology integration varies across firms'life cycles and industries.The above findings provide empirical evidence and policy implications for enterprise innovation and development.
出处
《浙江金融》
2024年第5期53-64,共12页
Zhejiang Finance
基金
2024年度浙江省党校系统社会科学联合会规划课题“数实深度融合赋能产业链韧性的机制研究”(ND24231)。
关键词
数实融合
财务绩效
企业生命周期
Digital-real Technology Integration
Financial Performance
Enterprise Lifecycle
