数字金融对制造业企业高质量发展影响研究

Under the policy background of the country\'s vigorous promotion of high-quality economic development, the high-quality development of manufacturing enterprises has become a key driving force for economic transformation and upgrading. In the process of transformation and upgrading, manufacturing enterprises not only require technological innovation and product upgrading, but also need efficient resource allocation and financial support. Digital finance, as an emerging financial model developed with the aid of digital technology and Internet platforms, is profoundly changing the way and scope of financial services. Based on this background, this paper studies whether digital finance can promote the high-quality development of manufacturing enterprises. By sorting out the relevant literature on digital finance and the high-quality development of manufacturing enterprises, this paper takes total factor productivity as the indicator to measure the high-quality development of manufacturing enterprises, and explores the indirect mechanism of digital finance on the high-quality development of manufacturing enterprises from the perspective of financing constraints. The data of A-share manufacturing listed companies from 2013 to 2023 were selected. Through empirical test and analysis, the results show that digital finance can significantly promote the high-quality development of manufacturing enterprises. Digital finance can alleviate the financing constraints of enterprises, thereby promoting the high-quality development of manufacturing enterprises. The impact of digital finance on the high-quality development of manufacturing enterprises is heterogeneous. It is more significant for non-state-owned enterprises, enterprises in the eastern and central regions, but not significant in the western region.