数字金融对我国企业绿色技术创新的影响研究

Research on the Impact of Digital Finance on Green Technological Innovation of Enterprises in China

摘要: 随着全球对资源、环境与生态问题的关注持续升温，企业绿色技术创新成为实现经济可持续发展与环境保护的关键路径。在此背景下，本文基于2011~2022年中国沪深A股上市公司数据，通过固定效应模型，分析了数字金融对企业绿色技术创新的作用及其机制。研究发现，数字金融可以有效促进企业进行绿色技术创新，尤其是在国有企业、中部地区企业中表现更为突出；机制分析结果显示，融资约束和企业研发投入在数字金融对企业绿色技术创新的影响过程中起中介作用。因此，政府、金融机构、企业应当合作，共同推进构建完善的数字金融支持绿色技术创新体系，推动企业绿色技术创新高质量发展，为经济社会可持续发展提供有力支撑。

Abstract: With the increasing global attention to resource, environmental and ecological issues, green technological innovation in enterprises has become the key to achieving sustainable economic development and environmental protection. In this context, based on the data of Chinese A-share listed companies in Shanghai and Shenzhen from 2011 to 2022, this article analyzes the role and mechanism of digital finance in promoting green technological innovation in enterprises through a fixed effects model. Research has found that digital finance can effectively promote green technological innovation in enterprises, especially in state-owned enterprises and enterprises in the central region; The mechanism analysis results show that the alleviation of financing constraints and increased R&D investment by enterprises play a mediating role in the impact of digital finance on green technological innovation. Therefore, the government, financial institutions, and enterprises should cooperate to jointly promote the construction of a comprehensive digital financial support system for green technology innovation, promote the high-quality development of green technology innovation in enterprises, and provide strong support for sustainable economic and social development.