Bank-Enterprise Relationship and New Quality Productivity of Enterprises

This research aims to investigate how the bank-enterprise relationship affects the new quality productivity level of enterprises. A number of empirical studies based on data from listed firms between 2012 and 2022 are presented in the article. According to the study, the bank-enterprise relationship significantly boosts the degree of new quality productivity of enterprises. The following strategies are used to accomplish this effect: lowering agency costs, improving the quality of information disclosure, and relieving businesses of their financing restrictions. Scale and property rights heterogeneity impact the mechanism that drives the connection between banking and enterprise. In addition, the business environment, competition in the banking sector, and the degree of digital transformation of firms also have a moderating effect on the relationship between bank-enterprise relationships and the new quality productivity of enterprises. The paper's conclusions have theoretical and practical implications for fostering positive bank-enterprise relationships and encouraging the growth of new quality productivity of enterprises.