工业技术经济2026，Vol.45Issue(7)：103-112,10.DOI:10.3969/j.issn.1004-910X.2026.06.009
数实产业技术融合对企业创新的驱动效应
The Driving Effects of Digital-Real Economy Integration on Corporate Innovation
摘要
Abstract
Against the strategic background of deep integration of digital economy and real economy,this paper empirically tests the driving effect and mechanism of digital and real industry technology integration on corporate innovation based on micro data of China A-share listed companies from 2010 to 2024.Research shows:First,technology integration in digital and real industries has significantly promoted enterprise innovation.This conclusion is still stable after controlling for endogenicity,sample selection bias and multi-dimensional fixed effects.Second,mechanism testing shows that digital and real industry technology integration drives innovation through the dual channel of strengthening supply chain resistance and alleviating financing constraints.The former uses digital technology to reconstruct the resilience of supply chain networks and reduce the risk of supply breakpoints of innovation factors;the latter optimizes capital allocation efficiency through data credit enhancement effects and alleviates credit rationing prob-lems in innovation activities.Third,heterogeneity analysis found that asset-intensive industries have the highest elasticity of tech-nology integration and innovation,followed by technology-intensive industries,and not significant in labor-intensive industries.In addition,the technological integration of digital and real industries has a significant driving effect on both incremental innovation and breakthrough innovation.Breakthrough innovation is highly dependent on the fierce market competition environment.This study provides empirical evidence for analyzing the micro-innovation mechanism of technology integration in digital and real industries,and provides decision-making basis for implementing differentiated technology adaptation policies and optimizing innovation ecosys-tem governance.关键词
数实产业技术融合/数字经济/技术创新/高质量发展/供应链抵抗力/融资约束/资本配置效率/创新生态Key words
digital-real integration/digital economy/technological innovation/high-quality development/supply chain resilience/financing constraints/capital allocation efficiency/innovative ecosystem分类
管理科学引用本文复制引用
刘飞,肖艳玲,侯环,黄河..数实产业技术融合对企业创新的驱动效应[J].工业技术经济,2026,45(7):103-112,10.基金项目
国家社会科学基金一般项目"中国新质生产力发展水平的统计测度及提升路径研究"(项目编号:24BTJ002) （项目编号:24BTJ002）
广西自然科学基金"广西特色产业数智化与绿色化协同转型的生态经济效应及实现路径研究"(项目编号:2026GXNSFHA00640026). （项目编号:2026GXNSFHA00640026）
