本文基于2012~2022年中国30个省级面板数据,运用多因子分析法和超效率SBM模型分别测度金融创新指数和区域生态效率,在此基础上,利用空间计量模型与中介效应模型实证分析金融创新对区域生态效率产生的影响。研究结果表明:金融创新水平的提高能够显著促进区域生态效率的提升,且存在区域异质性;金融创新对区域生态效率具有显著正向的空间溢出效应,本地区金融创新水平的提升将会推动相邻地区生态效率的提升;金融创新可以通过产业结构升级的中介效应促进区域生态效率的提升。This article is based on panel data from 30 provinces in China from 2012 to 2022. Multiple factor analysis and super efficiency SBM models are used to measure the financial innovation index and regional ecological efficiency, respectively. Based on this, spatial econometric models and mediation effect models are used to empirically analyze the impact of financial innovation on regional ecological efficiency. The research results indicate that the improvement of financial innovation level can significantly promote the improvement of regional ecological efficiency, and there is regional heterogeneity. Financial innovation has a positive spatial spillover effect on regional ecological efficiency, and the improvement of local financial innovation level will promote the improvement of ecological efficiency in adjacent regions. Financial innovation can promote the improvement of regional ecological efficiency through the intermediary effect of industrial structure upgrading.
随着互联网的发展,跨境电商贸易在全球发展十分迅速,而电商企业的盈利模式也引起了很多学者的兴趣,成为研究的热点。基于以上背景,本文选取跨境电商企业K公司,立足盈利模式的五要素,对其盈利模式进行分析发现其盈利模式较为成熟、供应链管理优秀,并通过对其2019~2023年这五年内的财务绩效进行分析,从偿债能力、盈利能力、营运能力和发展能力这四个方面具体评估其财务能力,发现K公司扩张速度放缓、销售波动情况明显、偿债能力较弱等问题。由此可见,K公司在急剧变化的市场环境中仍面临较大挑战,如市场竞争加剧、原材料价格上涨、全球贸易不确定性的提高等。所以,为了进一步提升自身财务表现,K公司应扩展销售渠道,加强供应链管理,提升运营效率。希望通过本文的研究,可以对跨境电商企业的盈利模式和财务能力有一个更深入的认识,以此提出建议,以期为后续同类电商企业的研究提供一些参考。With the development of the internet, cross-border e-commerce trade is developing rapidly in the world, and the profit model of e-commerce enterprises has also aroused the interest of many scholars and become a research hotspot. Based on the above background, this paper selects cross-border e-commerce Company K. Based on the five elements of the profit model, the analysis of its profit model shows that its profit model is mature and its supply chain management is excellent, and through the analysis of its financial performance during the five-year period from 2019 to 2023, their financial ability is assessed from four aspects: debt paying ability, profitability, operating ability and development ability, finding that the expansion of K company slowed down, sales volatility is obvious, solvency is weak and other issues. Therefore, K company in the rapidly changing market environment is still facing greater challenges, such as increased market competition, rising prices of raw materials, global trade uncertainty and so on. Therefore, in order to further enhance their financial performance, K company should expand sales channels, strengthen supply chain management, improve operational efficiency. I hope that through this study, cross-border e-commerce enterprises can have a more in-depth understanding of the profit model and financial capacity, so as to make recommendations for the follow-up study of similar e-commerce enterprises to provide some reference.
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