“宽带中国”和“智慧城市”双试点政策对企业创新韧性的影响

王稼琼　于桉邦

（北京交通大学）

摘要：在数字技术快速发展、外部环境不确定性加剧的背景下，培育创新韧性对提升中国企业竞争力、促进长期发展具有重要意义。本文选取2010—2023年沪深A股上市公司数据，构建多时点双重差分模型考察“宽带中国”和“智慧城市”双试点政策对企业创新韧性的影响及作用机理。研究发现：双试点政策的实施能够增强企业创新韧性，并通过缓解信息不对称和优化企业资源配置机制发挥作用；城市金融发展水平和企业人力资本能够强化双试点政策对企业创新韧性的正向影响；在国有企业、高竞争行业企业、成熟期企业、东部城市和高等级城市，双试点政策对企业创新韧性的提升作用更为明显；双试点政策具有协同效应，相较于“宽带中国”或“智慧城市”单一试点政策，双试点政策对企业创新韧性的促进作用更明显，且先“智慧城市”后“宽带中国”的试点策略更有利于增强企业创新韧性。本文的研究为优化政策组合，提升企业创新韧性，进而构建创新型国家提供理论指导和实践启示。

关键词：企业创新韧性；宽带中国；智慧城市；双试点政策；信息不对称；政策协同

作者简介：王稼琼，北京交通大学经济管理学院教授、博士生导师，北京，100080；于桉邦，北京交通大学经济管理学院博士研究生，通信作者。

引用格式：王稼琼,于桉邦.“宽带中国”和“智慧城市”双试点政策对企业创新韧性的影响[J].经济与管理研究,2026,47(4):131-148.

Impact of the “Broadband China” and “Smart City” Double Pilot Policy on Enterprise Innovation Resilience

WANG Jiaqiong, YU Anbang

(Beijing Jiaotong University, Beijing 100080)

Abstract: In the context of rapid digital technological development and frequent international trade frictions, Chinese enterprises are facing increasing risks in innovation activities. Enterprise innovation resilience captures enterprises’ capacity to actively adapt to changes in the external environment, reduce innovation disruptions, and maintain the stable operation of innovation systems. Meanwhile, the joint implementation of the “Broadband China” and “Smart City” pilot policies not only improves information infrastructure but also promotes the deep integration of digital technologies into urban operation and administration. To some extent, this can optimize the external technological conditions and governance environment for enterprise innovation, thereby reducing innovation risks and enhancing enterprise innovation resilience. However, existing research mainly focuses on the effects of either policy on enterprises’ innovation output, while few studies investigate the synergy effect of both policies on enterprise innovation resilience.

This paper employs a multi-period difference-in-differences model using panel data from A-share listed companies in China from 2010 to 2023 to examine the impact of the double pilot policy—“Broadband China” and “Smart City”—on enterprise innovation resilience and its underlying mechanisms. The results show that the double pilot policy enhances enterprise innovation resilience, primarily through two indirect channels: mitigating information asymmetry and optimizing resource allocation. Moreover, higher levels of urban financial development and enterprise human capital further reinforce the positive impact of the double pilot policy. This positive impact is more pronounced in state-owned enterprises, enterprises in highly competitive industries, mature enterprises, and those located in eastern and high-tier cities. The double pilot policy demonstrates synergy effects. In addition, the strategy of implementing the “Smart City” policy first, followed by the “Broadband China” policy, proves more effective at enhancing enterprise innovation resilience.

The marginal contributions of this paper are as follows. First, from a policy synergy perspective, it systematically examines the impact of the double pilot policy on enterprise innovation resilience, thereby providing firm-level empirical evidence on how a macro-level policy portfolio impacts innovation resilience. Second, it conducts mechanism analysis from two dimensions, revealing the micro-level channels through which the double pilot policy enhances enterprise innovation resilience. Third, it investigates the heterogeneous effects of the double pilot policy on enterprise innovation resilience across different types of cities and enterprises. This not only enriches the theoretical understanding of how the double pilot policy impacts enterprise innovation resilience but also offers decision-making support for the precise use of policy instruments to foster such resilience.

Keywords: enterprise innovation resilience; Broadband China; Smart City; double pilot policy; information asymmetry; policy synergy

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