供应链金融视角下数字化对“专精特新” 中小企业绿色技术创新的影响研究
Study on the Impact of Digitization on Green Technology Innovation of “Specialized and New” Small and Medium-Sized Enterprises from the Perspective of Supply Chain Finance

数字化转型是塑造中小企业核心竞争力的重要途径，其如何促进我国中小企业开展绿色技术创新是值得研究的。本文以供应链金融为切入点，基于2017~2022年“专精特新”上市公司数据，实证检验了企业数字化转型对“专精特新”中小企业绿色技术创新的影响并分析其机制。结果显示，“专精特新”中小企业的数字化转型通过缓解企业融资约束、提高企业的供应链金融水平这两条路径对绿色技术创新产生影响。异质性分析表明，数字化转型对非国有企业、中等规模以及高管理效率的“专精特新”企业的促进效果最为明显。
Digital transformation is an important way to shape the core competitiveness of small and medium-sized enterprises (SMEs), and it is worth studying how to promote the green technology innovation of SMEs in China. This paper takes supply chain finance as the entry point, and based on the data of listed companies of “specialized and new” from 2017 to 2022, empirically examines the impact of enterprise digital transformation on the green technology innovation of “specialized and new” SMEs and analyzes its impact mechanism. The results show that the digital transformation of “specialized and new” SMEs can significantly promote enterprise green technology innovation, and that the digital transformation of enterprises promotes green technology innovation through the channels of alleviating enterprise financing constraints and improving the level of enterprise supply chain finance. Heterogeneity analysis shows that digital transformation has the most obvious effect on non-state-owned enterprises, medium-sized SMEs and “specialized and new” SMEs with high management efficiency.