数字金融如何驱动小微企业创新？

How can digital finance drive innovation in micro and small enterprises?：Analysis of the configuration effect based on fsQCA

摘要:

本文采用模糊集定性比较分析（fsQCA）方法，考察数字金融要素驱动小微企业不同类别创新的组态。研究发现：单个数字金融要素并不构成提高小微企业创新的必要条件，但不同要素的联合效应能够有效推动小微企业创新，网络信贷作为核心条件对小微企业不同类型的创新均具有普适作用。此外，数字金融不同要素的集合构成了三种激励小微企业创新的路径，包括广度深度协同发展型、纵深主导型和多元化均衡发展型，不同创新类型适用的组态存在差异。研究结果对于编排区域数字金融资源，通过触发其创新激励效应，促进小微企业良序发展具有重要的指导价值。

Abstract:

This paper uses the fuzzy-set qualitative comparative analysis (fsQCA) method to investigate the configuration of different types of MSEs innovation driven by digital financial elements. The results show that: Individual digital financial elements do not constitute a necessary condition for improving MSEs innovation, but the joint effect of different elements can effectively promote MSEs innovation. Internet credit as a core condition has a universal effect on different types of MSEs innovation. What’s more, the combination of digital financial elements constitutes three ways to stimulate the MSEs innovation, which can be summarized as breadth-depth synergistic development configuration, depth-dominant configuration, and diversified and balanced development configuration. Different innovations fit different configurations. The results have important guiding value for the rational allocation of regional digital financial resources and promoting the well-ordered development of MSEs by triggering their innovation incentive effects. Key words: digital finance; micro and small enterprises; innovation heterogeneity; fuzzy-set qualitative comparative analysis