Abstract
Based on the relevant research of domestic and foreign scholars, this paper analyzes the transmission mechanism of the impact of financial mismatch on total factor productivity of enterprises through the intermediary variable of enterprise innovation, and deeply explores the relationship between financial mismatch and total factor productivity of enterprises. It is expected to put forward suggestions for enterprises to improve total factor productivity and China's factor marketization reform, provide a new direction for the next step of state-owned enterprise reform, and provide a basis for promoting China's manufacturing enterprises to transform into innovation driven enterprises.
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