在我国经济向高质量发展转型、新质生产力培育的关键背景下，全要素生产率的提升成为核心议题，而股票发行注册制改革作为资本市场市场化转型的标志性举措，其对企业全要素生产率的影响备受关注。本文通过系统梳理注册制改革相关研究、全要素生产率影响因素研究及二者关联研究的现有成果，综合分析注册制改革作用于企业全要素生产率的内在逻辑与实践效应。研究发现：注册制改革通过优化审核问询机制、提升IPO定价效率、强化审计监督等路径改善资本市场生态；全要素生产率受企业内部治理、研发投入等微观因素与政策环境、技术进步等外部因素的综合作用；注册制改革主要通过缓解企业融资约束、激励创新投入、优化投资效率三条核心渠道促进企业全要素生产率提升，且这一促进效应在非国有企业与竞争程度较高的行业中更为显著。同时，现有研究仍存在研究视角局限于上市企业、作用机制链式传导检验不充分、长期动态影响追踪不足等问题。本文的文献梳理为评估注册制改革成效、完善制度设计、推动资本市场更好地赋能实体经济全要素生产率提升提供了理论参考与实践启示。

Against the critical backdrop of China's economic transition towards high-quality development and the cultivation of new quality productive forces, enhancing total factor productivity (TFP) has become a central issue. The stock issuance registration-based system reform, a landmark move in the capital market's market-oriented transformation, has drawn significant attention regarding its impact on corporate TFP. This paper provides a comprehensive analysis of the intrinsic logic and practical effects of the registration-based system reform on corporate TFP by systematically reviewing existing research on the reform itself, factors influencing TFP, and their interconnections. The findings indicate that the registration-based system reform improves the capital market ecosystem by optimizing review inquiry mechanisms, enhancing IPO pricing efficiency, and strengthening audit supervision. Corporate TFP is influenced by a combination of micro-level factors, such as internal governance and R&D investment, and external factors, such as policy environment and technological progress. The reform primarily promotes corporate TFP through three core channels: alleviating financing constraints, incentivizing innovation investment, and optimizing investment efficiency. This positive effect is more pronounced in non-state-owned enterprises and industries with a higher degree of competition. However, current research still faces limitations, including a narrow focus on listed companies, insufficient verification of the chained transmission of mechanisms, and inadequate tracking of long-term dynamic impacts. The literature review in this paper offers theoretical reference and practical insights for evaluating the effectiveness of the registration-based system reform, refining institutional design, and promoting the capital market's better role in empowering the TFP enhancement of the real economy.