数字金融与绿色金融协同赋能涉农企业新质生产力发展:理论分析与经验证据

Synergistic empowerment of digital finance and green finance in the development of new quality productive forces in agriculture-related enterprises: Theoretical analysis and empirical evidence

  • 摘要: 提升涉农企业新质生产力水平是实现农业高质量发展的重要抓手。数字金融与绿色金融作为金融领域的新型业态,两者协同发展在驱动涉农企业新质生产力形成中发挥关键作用。本文基于2011—2022年我国A股涉农上市企业面板数据,从新质劳动者、新质劳动资料、新质劳动对象和优化组合四个维度构建新质生产力评价指标体系,探究数字金融与绿色金融协同对涉农企业新质生产力发展的影响效应及其作用机制,并进一步考察金融监管和知识产权保护的调节效应。研究发现:1)数字金融与绿色金融协同能够显著提升涉农企业新质生产力水平,该结论经过一系列内生性及稳健性检验后依然成立。2)数字金融与绿色金融协同通过缓解融资约束、推动数字化转型和降低信息不对称三条渠道促进涉农企业新质生产力发展。3)强有力的金融监管和知识产权保护放大了数字金融与绿色金融协同发展对涉农企业新质生产力水平的提升作用。4)对于国有性质、规模较小、成长期和成熟期的涉农企业以及位于东部地区、粮食主产区和主销区的涉农企业,数字金融与绿色金融的协同赋能效应更加显著。基于此,政府应该推动数字金融与绿色金融协同发展,加强金融监管和知识产权保护,实施差异化支持策略。

     

    Abstract: Enhancing the level of new quality productive forces in agriculture-related enterprises is a crucial approach to achieving high-quality agricultural development. As emerging forms within the financial sector, digital finance and green finance play a pivotal role in driving the formation of new quality productive forces in agriculture-related enterprises through their synergistic development. Based on the panel data of China’s A-share agricultural-related listed enterprises from 2011 to 2022, this paper constructs an evaluation index system for new quality productive forces from four dimensions: new quality labor force, new quality labor materials, new quality labor objects, and optimized allocation. It explores the impact effect and underlying mechanism of the synergy between digital finance and green finance on the development of new quality productive forces in agricultural-related enterprises, and further examines the moderating effects of financial supervision and intellectual property protection. The study finds that: 1) The synergy between digital finance and green finance can significantly enhance the level of new quality productive forces in agricultural-related enterprises, and this conclusion remains valid after a series of endogeneity and robustness tests. 2) The synergy between digital finance and green finance promotes the development of new quality productive forces in agricultural-related enterprises through three channels: alleviating financing constraints, promoting digital transformation, and reducing information asymmetry. 3) Robust financial supervision and intellectual property protection amplify the enhancing effect of the synergistic development of digital finance and green finance on the level of new quality productive forces in agricultural-related enterprises. 4) For state-owned, smaller-scale, growth-stage, and mature-stage agricultural-related enterprises, as well as those located in eastern regions, major grain-producing areas, and major grain-consuming areas, the synergistic empowerment effect of digital finance and green finance is more pronounced. Based on these findings, the government should promote the coordinated development of digital finance and green finance, strengthen financial supervision and intellectual property protection, and implement differentiated support strategies.

     

/

返回文章
返回