Abstract:    Digital technology innovation is a key link to implement the digital China strategy, and it is also a practical path to enable the high-quality development of China′s economy, and the efficient allocation of financial resources is an important factor affecting digital technology innovation. In view of this, this paper used the longitude and latitude information to capture the network data of nearby financial institutions at the enterprise level, selected the non-financial A-share listed companies in Shanghai and Shenzhen from 2007 to 2022 as the research object, and empirically analyzed the influence mechanism of the availability of traditional finance on enterprise digital technology innovation from the perspective of financial geographic structure. It was found that the availability of traditional finance has a significant boost effect on the enterprises′ digital technology innovation, and easing financing constraints, enhancing risk bearing capacity and improving digital investment are the functional mechanisms of the availability of traditional finance to enable enterprises′ digital technology innovation. Further research found that the availability of traditional finance has an asymmetric effect on the digital technology innovation activities of enterprises with different industrial chain positions, property rights and sizes. In addition, it was also found that the availability of traditional finance strengthens the product market competition effect of digital technology innovation. From the perspective of financial geographic structure, this paper revealed that the internal logic of traditional finance will enable enterprises to innovate digital technology, and the research will deepen the theoretical cognition that financial supply-side structural reform serves the high-quality development of the real economy.

Key words: availability of traditional finance, digital technology innovation, financial geographic structure, industrial chain