数字普惠金融对涉农企业创新绩效的影响研究

Research on the Impact of Digital Inclusive Finance on the Innovation Performance of Agriculture-Related Enterprises

摘要: 随着数字经济的发展，数字普惠金融已经成为促进农业企业创新的一个重要因素。本文以2013年至2020年的涉农企业数据为样本，构建基准回归模型研究数字普惠金融对农业企业创新绩效的促进作用和融资约束的中介作用。构建面板向量自回归(PVAR)模型探讨数字普惠金融各维度指数对涉农企业创新绩效的动态冲击及贡献度。结果显示：数字普惠金融各维度的发展能够有效提高涉农企业创新绩效，融资约束起到了中介作用；数字普惠金融分维度的发展与涉农企业创新绩效之间存在双向互动，涉农企业创新绩效的差异主要由自身驱动；数字普惠金融分维度的发展与涉农企业创新绩效之间存在一定的时滞性。由此，围绕如何促进数字普惠金融发展以提高涉农企业创新绩效提出相应的对策建议。

Abstract: With the development of digital economy, digital inclusive finance has become an important factor in promoting agribusiness innovation. In this paper, we construct a benchmark regression model to study the facilitation role of digital inclusive finance on innovation performance of agribusinesses and the mediating role of financing constraints using data of agriculture-related enterprises from 2013 to 2020 as samples. A panel vector autoregression (PVAR) model is constructed to explore the dynamic impact and contribution of each dimensional index of digital inclusive finance on innova-tion performance of agribusiness-related enterprises. The results show that the development of each dimension of digital inclusive finance can effectively improve the innovation performance of agriculture-related enterprises, and the financing constraint plays a mediating role; there is a two-way interaction between the development of digital inclusive finance sub-dimensions and the innovation performance of agriculture-related enterprises, and the differences in the innovation performance of agriculture-related enterprises are mainly driven by themselves; there is a certain time lag between the development of digital inclusive finance sub-dimensions and the innovation performance of agriculture-related enterprises. Thus, we propose corresponding countermeasures on how to promote the development of digital inclusive finance to improve the innovation perfor-mance of agriculture-related enterprises.