Abstract: Digital-green synergistic transformation is a key task in current economic development and an essential levers for accelerating the formation of new-quality productive forces. Drawing on the productivity theory and the resource-based view, and utilizing panel data from A-share listed manufacturing enterprises from Shanghai and Shenzhen Stock Exchanges between 2011 and 2022, this paper empirically investigates the mechanisms and boundary conditions of “dual synergy” in promoting the formation of new-quality productive forces. The findings show that “dual synergy” significantly promotes the development of new-quality productive forces, although its marginal effect diminishes as the level of new-quality productive forces increases. Employee education, financing constraints, and innovation capability play mediating roles in the relationship between “dual synergy” and new-quality productive forces. The effect of “dual synergy” on new productive forces is more pronounced when an enterprise’s growth potential is higher, and when regional digital economy development and environmental regulations are more advanced. These findings not only extend the theoretical research on “dual synergy” and new-quality productive forces but also offer a theoretical support and practical guidance for promoting “dual synergy” and accelerating the cultivation of new-quality productive forces in enterprises, providing substantial academic and practical significance.

Key words: digitalization, green transformation, “dual synergy”, new productive forces, resource-based view

摘要： 数字化与绿色化协同转型发展是当前经济发展的核心议题，也是加速形成新质生产力的关键路径。本文基于生产力理论与资源基础观,利用2011~2022年沪深 A 股制造业上市企业面板数据,实证检验了“双化协同”对企业新质生产力形成的作用机制及边界条件。研究发现：“双化协同”显著促进了企业新质生产力的形成，且随着新质生产力水平的提高，其影响呈现递减的边际效应；员工教育水平、融资约束和创新能力在“双化协同”与企业新质生产力之间发挥中介作用；企业成长性、数字经济发展与环境规制水平越高，“双化协同”对新质生产力形成的促进作用越显著。研究不仅拓展了“双化协同”与新质生产力的理论研究，也为推动“双化协同”发展、加速企业新质生产力形成提供了理论依据与实践指导，具有重要的学术价值与现实意义。

关键词: 数字化, 绿色化, “双化协同”, 新质生产力, 资源基础观