关键词: 新型工业化, 两化融合, 新质生产力, 文本分析

Abstract: Based on the financial statements and annual reports of the listed companies from 2011 to 2023 in China, this study employs text analysis method to identify and match the detailed subjects related to indicators of new quality productive forces, thereby constructing an enterprise-level new quality productive forces indicator system. By taking enterprises participating in the integration of informatization and industrialization management system pilot (IIIP) program as a policy shock for new industrialization, a multi-period difference-in-differences method is adopted to empirically examine the impact of IIIP on enterprises new quality productive forces and its underlying mechanisms. The results show that IIIP significantly enhances enterprises new quality productive forces. Mechanism analysis reveals that IIIP promotes productivity improvement by strengthening enterprises resource acquisition capacity, innovation resilience and organizational learning capacity. Heterogeneity analysis further indicates that the productivity-enhancing effects are more pronounced among smaller enterprises, non-high-tech firms, companies in the digital economy sector, and those located in regions with stronger intellectual property protection.

Key words: New Industrialization, Integration of Informatization and Industrialization, New Quality Productive Forces, Text Analysis