工业技术经济2025，Vol.44Issue(5)：13-22,10.DOI:10.3969/j.issn.1004-910X.2025.05.002
科技金融赋能企业新质生产力发展的机制与对策
Mechanisms and Strategies for Empowering the Development of New Quality Productivity in Enterprises Through Science and Technology Finance
摘要
Abstract
Based on financial data from non-financial companies listed on the main boards of the Shanghai and Shenzhen stock exchanges from 2011 to 2023,this paper examines the impact of science and technology finance on new quality productivity.The findings indicate that optimized tech-financial services significantly enhance productivity and total factor productivity,with re-sults remaining robust.Mediation analysis reveals that tech finance boosts R&D investment through improved funding and reduces costs via better resource allocation,promoting low-carbon transformation.Heterogeneity tests show that these effects are more po-tent in eastern and central regions,strategic emerging industries,private firms and non-Big 4 audited companies,especially when accompanied by high analyst coverage,strong investor attention and generous regional subsidies.This study provides micro-level evidence supporting the role of science and technology finance in advancing technological self-reliance and fostering a virtuous cycle among technology,industry and finance.关键词
科技金融/新质生产力/企业研发投入/绿色低碳技术/降本增效/分析师跟踪/投资者关注/地区补贴Key words
science and technology finance policy/new quality productivity/enterprises'R&D investment/green low-car-bon technology/mediating effect/moderating effect/reduce costs and increase efficiency/analyst coverage/investor attention/regional subsidies分类
管理科学引用本文复制引用
张梓靖,李博文,刘义圣..科技金融赋能企业新质生产力发展的机制与对策[J].工业技术经济,2025,44(5):13-22,10.基金项目
全国党校系统社科规划课题"科技金融赋能专精特新企业新质生产力机理、路径与对策研究"(项目编号:2024DXXTZC037) （项目编号:2024DXXTZC037）
中国博士后科学基金第75批面上资助"气候变化下高碳行业转型对银行信贷资产质量的影响研究"(项目编号:2024M750332) （项目编号:2024M750332）
绍兴市哲学社会科学研究"十四五"规划重点课题"县域科技金融赋能浙江专精特新企业培育新质生产力研究"(项目编号:145425). （项目编号:145425）
