产业链金融与数智化创新共演赋能新质生产力发展演化博弈研究

摘要/Abstract

摘要： 产业链金融与数智化创新耦合共演促进资金链、创新链、人才链及产业链的深度融合，为发展新质生产力提供了崭新视角与实现路径。本文基于新质生产力函数构建金融机构、链主企业、中小企业、高校科研院所四方演化博弈模型，揭示复杂系统下的新质生产力发展机理。研究发现：①关键变量交织驱动系统稳态演化，主体策略选择受多重因素影响，包括数智化成本收益、风险传导、资源溢出等；②低效均衡向高效均衡跃迁有赖于关键变量的阈值突破，包括数智化投入、主体协作成本、数智化人才与创新的赋能效应及政策补偿力度等；③产业链金融与数智化创新激活“人才链→创新链→资金链→产业链”螺旋式交互，形成动态共演增强机制：金融机构借助数智风控重构资金链逻辑，链主企业推动产业链数智化生态升级，高校科研院所以数智化人才与创新驱动效率跃迁，中小企业通过迭代参与和共生发展释放协同效应；④绿色数智化技术通过绿色效率的阈值突破实现边际收益递增，数智化赋能与产业链金融杠杆效应呈现非对称互惠与阶段性依赖。本文主要贡献在于：理论层面，构建新质生产力函数，突破传统生产函数局限；方法论层面，设计四方演化博弈框架，识别多主体关键变量作用及其阈值条件，并定量解析动态演化规律；实践层面，提出促进新质生产力发展的治理路径，该路径强调多主体协同、多阶段施策、“四链”融合和绿色调节。

关键词: 产业链金融, 数智化创新, 新质生产力, “四链”融合, 演化博弈

Abstract: The coupling and co-evolution of industrial chain finance and digital-intelligent innovation promote the deep integration of capital chain, innovation chain, talent chain, and industrial chain, providing a novel perspective and implementation path for the development of new quality productivity. Based on the new quality productivity function, this paper constructs a quadripartite evolutionary game model involving “financial institutions - leading enterprises - small and medium-sized enterprises (SMEs) - universities and research institutes”, revealing the development mechanism of new quality productivity under complex systems. The study finds that: (1) the steady-state evolution of the system is driven by the interweaving of key variables, and the strategic choices of entities are influenced by multiple factors, including the cost-benefit of digital-intelligent transformation, risk transmission, and resource spillover; (2) the transition from low-efficiency equilibrium to high-efficiency equilibrium hinges on the threshold breakthrough of critical variables, encompassing digital-intelligent investment, inter-entity collaboration costs, the enabling effects of digital-intelligent talents and innovation, and policy compensation intensity; (3) industrial chain finance and digital-intelligent innovation activate the spiral interaction of “talent chain→innovation chain→capital chain→industrial chain”, forming a dynamic co-evolution enhancement mechanism: financial institutions reconstruct capital chain logic leveraging digital-intelligent risk control, leading enterprises drive industrial chain ecosystem upgrading, universities and research institutes enhance talent and innovation empowerment efficiency, and SMEs unleash synergistic effects through iterative participation and symbiotic development; (4) green digital and intelligent technology achieves increasing marginal returns through threshold breakthroughs in green efficiency, and the digital and intelligent empowerment and industrial chain financial leverage effects exhibit asymmetric reciprocity and phased dependence. The main contributions of this paper lie in three aspects: theoretically it constructs a new quality productive force function, breaking through the limitations of traditional production functions; methodologically it designs a four-party evolutionary game framework to identify the role of multi-agent key variables and their threshold conditions, and quantitatively analyzes dynamic evolution laws; practically it proposes a governance path to promote the development of new quality productive force, emphasizing multi-agent collaboration, multi-stage implementation, four-chain integration, and green regulation.

Key words: industry chain finance, digital intelligence innovation, new quality productive force, four-chain integration, evolutionary game

李光荣, 王晴. 产业链金融与数智化创新共演赋能新质生产力发展演化博弈研究[J]. 管理评论, 2025, 37(11): 110-127.

Li Guangrong, Wang Qing. An Evolutionary Game Study on the Development of New Quality Productive Forces Empowered by the Co-development of Digital Intelligence Innovation and Industry Chain Finance[J]. Management Review, 2025, 37(11): 110-127.

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