摘要

Digital economy development has changed the supply structure of market factors and provided a new mechanism for resource allocation. Based on the data of Chinese cities and technology enterprises from 2011 to 2018, Using the VHSD - EM model to calculate the digital economy development index from multi - dimensional indicators, based on the theory of resource allocation. this paper empirically tests the resource allocation effect of digital economy development on science and technology enterprises. The study found: The development of the digital economy can significantly improve the resource allocation effect of technology companies, after replacing variables and introducing instrumental variables, the configuration effect is robust. Using the threshold model, it is found that the development of digital economy has the nonlinear characteristic of increasing marginal effect on the resource allocation of technology enterprises. Using the spatial model, it is found that the development of digital economy has a significant spatial spillover effect on the resource allocation of technology enterprises, Spatially, there are not only exogenous interactive effects of digital economy, but also endogenous interactive effects of resource allocation, which shows that the development of digital economy helps to form the pattern of collaborative innovation development among enterprises. The resource allocation effect of digital economy has obvious heterogeneity among different urban levels, different regions, and different enterprises. Among regions, the resource allocation effect of digital economy development on technology enterprises in central cities is greater than that in peripheral cities. The resource allocation effect of digital economy development on technology enterprises in the eastern region is significantly greater than that in the central and western regions. Among enterprises, the resource allocation effect of digital economy is stronger for technology enterprises with high degree of innovation internationalization and large stock of scientific and technological human capital. This research deepens the understanding of the dividend effect of digital economy from the micro level of enterprises, and plays a guiding role in improving resource allocation and promoting enterprise innovation and development. ? 2022 Editorial Department of Studies in Science of Science.