Keywords
digital finance, enterprise growth, enterprise innovation, dual innovation, regional innovation
Abstract
This paper explores the relationship between digital finance and enterprise innovation on the enterprise growth of listed A shares, with a time span of 2011—2020. The empirical results show that digital finance can promote the growth of enterprise by promoting innovation investment. In the test of dual innovation, it is found that the digital finance and the indicators of breadth and depth can significantly promote radical innovation and promote the growth of enterprise, however the ability to identify incremental innovation is not strong, which cannot alleviate the negative impact and digitalization can alleviate the negative effects of incremental innovation on enterprise growth. In further tests, it is found that digital finance can play a greater role in areas with weak innovation capabilities. The conclusions could help to clarify the mechanism of the digital finance development promote the growth of real enterprises by affecting the innovation behavior,and provide reasonable policy suggestions for how digital finance enhances the main position of enterprise innovation and drive the growth of enterprise.
DOI
10.16315/j.stm.2022.03.003
Recommended Citation
ZHANG, Yu-he; HAN, Yi-xuan; and CHEN, Long
(2022)
"Digital finance,enterprise innovation and enterprise growth,"
Journal of Science and Technology Management: Vol. 24:
Iss.
3, Article 3.
DOI: 10.16315/j.stm.2022.03.003
Available at:
https://jstm.researchcommons.org/journal/vol24/iss3/3
