经济学报2026，Vol.13Issue(3)：36-51,16.
数字金融、传统金融与市场经济活力:创业与创新的微观证据
Digital Finance,Traditional Finance,and Market Vitality:Micro Evidence of Entrepreneurship and Innovation from China
摘要
Abstract
This paper attempts to examine how the rise of digital finance affects entrepreneurship.Using China Industrial and Business Registration data,China Tax Survey Data and a fixed effects identification strategy,we find robust evidence that the changes in the counts of new establishments before and after the launch of mobile payment,are disproportionately larger in regions with less developed banking sectors than those in regions with better developed banking sectors.And the rise of digital finance did not bring about significant growth in business closures.Further analysis indicates that industries more dependent on external finance have disproportionately higher entrepreneurship in regions with a less developed banking sector following the rise of digital finance.In addition,while the rise of digital finance has yet promoted utility patents,it fosters design innovation.关键词
数字金融兴起/传统金融发展/创业/企业退出/创新分类
社会科学引用本文复制引用
王瑞,王勋..数字金融、传统金融与市场经济活力:创业与创新的微观证据[J].经济学报,2026,13(3):36-51,16.基金项目
本研究受国家社会科学基金一般项目"我国债券市场隐性担保问题研究"(项目批准号:24BJY079)的资助. （项目批准号:24BJY079）
