Abstract：As an important measure of socialist modernization, the construction of smart city can stimulate domestic demand and development momentum, and promote the sustainable and high-quality development of the real economy. Based on the panel data of A-share listed companies from 2001 to 2019, this paper takes smart city construction as a quasi-natural experiment, and uses the PSM-DID method to comprehensively investigate the influence and internal mechanism of smart city construction on the high-quality development of enterprises. The research shows that smart city construction significantly promotes the high-quality development of enterprises. The estimation from the researches bears out the conclusion when we use alternative variables, conduct placebo tests, and change matching methods. The influence mechanism test shows that smart city construction promotes the high-quality development of enterprises by slowing down the financing constraints and bringing down the operation costs of enterprises. Further heterogeneity test shows that the impact of smart city construction on enterprises varies due to difference in the scale, industry relevance and location of enterprises. The impact of smart city construction on the high-quality development of enterprises is more obvious in large enterprises and enterprises with high industry relevance. Moreover, the smart city construction has significantly promoted the high-quality development of enterprises in the eastern and central regions, but has negative impact on the enterprises in the western regions.
刘伟丽, 刘宏楠. 智慧城市建设推进企业高质量发展的机制与路径[J]. 《深圳大学学报》（人文社科版）, 2022, 39(1): 95-106.
LIU Wei-li, LIU Hong-nan. Research on the Mechanism and Path of Smart Cities Construction to Promote the High-quality Development of Enterprises. , 2022, 39(1): 95-106.
2022, Vol. 39 
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