金融理论与教学2025，Vol.43Issue(6)：1-19,106,20.
新质生产力、战略营运与企业财务绩效
New Quality Productive Forces,Strategic Operations,and Corporate Financial Performance:An Empirical Study Based on China's A-Share Listed Companies
摘要
Abstract
As a key driver of high-quality development,whether the development of New Quality Productive Forces(NQPF)can lead to desirable financial returns has become an insightful research topic.Using data from Shanghai and Shenzhen A-share listed companies from 2013 to 2022,this study constructs evaluation index systems for corporate financial performance and NQPF using principal component analysis and entropy method respectively.It empirically examines the intrinsic relationship between NQPF and corporate financial performance,along with its moderating mechanism.The findings reveal that NQPF significantly enhances corporate financial performance,and this effect exhibits a certain degree of persistence.Meanwhile,the moderating effect from the perspective of corporate strategic operations indicates that the greater the degree of financing constraints,the higher the quality of internal controls,and the more intense the market competition,the stronger the enhancing effect of NQPF on corporate financial performance.Additionally,a deeper analysis on the three dimensions of NQPF shows that both laborers and means of labor exert immediate positive effects on financial performance,whereas the positive effect of objects of labor gradually emerges over the long term.Therefore,enterprises should seize the opportunity to develop NQPF and adopt a strategic operational orientation to effectively enhance financial performance and promote high-quality development.关键词
新质生产力/企业财务绩效/企业战略营运/高质量发展Key words
New Quality Productive Forces/corporate financial performance/corporate strategic operations/high-quality development分类
管理科学引用本文复制引用
YANG Lisheng,CHEN Tao,LIU Wen,HU Lin..新质生产力、战略营运与企业财务绩效[J].金融理论与教学,2025,43(6):1-19,106,20.基金项目
国家自然科学基金项目"知识冗余与制造企业绿色创新能力提升研究:知识耦合与战略柔性的效应"(72364038) （72364038）
云南民族大学硕士研究生科研创新基金项目"新质生产力、战略营运与企业财务绩效——基于我国A股上市公司的实证研究"(2025SKY065) （2025SKY065）
云南民族大学硕士研究生科研创新基金项目"数字赋能云南旅行社市场推广的路径与效能研究——基于旅游直播场景的实践调查"(2025SKY077). （2025SKY077）
