青岛大学学报（自然科学版）2024，Vol.37Issue(1)：108-115,129,9.DOI:10.3969/j.issn.1006-1037.2024.01.16
数字金融对中小企业技术创新的影响研究
Research on the Impact of Digital Finance on Technological Innovation of Small and Medium-sized Enterprises
摘要
Abstract
In order to explore the innovation-driven effect of digital finance on small and medium-sized en-terprises and its influencing mechanism,an empirical analysis was conducted based on the data of listed en-terprises on the New Third Board from 2012 to 2021.The results show that the development of digital fi-nance significantly supports the technological innovation of small and medium-sized enterprises.The mechanism test results confirm that digital finance can provide financial support for small and medium-sized enterprises'technological innovation activities by improving corporate financial leverage,and there is an inverted U-shaped relationship between financial leverage and corporate technological innovation.Het-erogeneity analysis results show that digital finance has a targeted effect to support the innovation and de-velopment of enterprises,and the innovation-driven effect is more significant for small enterprises and non-state-owned enterprises.关键词
数字金融/中小企业创新/财务杠杆/靶向效应Key words
digital finance/small and medium-sized enterprises innovation/financial leverage/targeted effects分类
管理科学引用本文复制引用
王田田,胡金焱..数字金融对中小企业技术创新的影响研究[J].青岛大学学报（自然科学版）,2024,37(1):108-115,129,9.基金项目
国家社会科学基金重大项目(批准号:22&ZD117)资助 （批准号:22&ZD117）
国家社会科学基金重点项目(批准号:21AZD114)资助. （批准号:21AZD114）
