Studies on How New Quality Productivity Drives High-Quality Development of Enterprises

New quality productivity plays an important role at the macro level, such as in society. But can its impact be observed at the micro level, such as within enterprises? This study builds an enterprise-level index for new quality productive forces and empirically examines its impact on high-quality development in organizations using financial information from A-share listed companies from 2012 to 2022. The empirical findings demonstrate that, at the 1% level, new quality productive forces significantly improves high-quality development in businesses. Robustness tests are performed to further support this finding, which involve substituting the dependent variable and removing anomalous years. To lessen the possibility of endogeneity problems resulting from missing factors or inaccurate measurements in explanatory variables, this study employs the instrumental variable method to mitigate these problems, yielding consistent estimation results. In the current societal context, the findings provide recommendations for further enterprise development. Enterprises should actively enhance technological innovation, improve talent development plans, and optimize management structures to ultimately achieve high-quality development.