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The digital economy, enterprise digital transformation, and enterprise innovation

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  • Rui Li
  • Jing Rao
  • Liangyong Wan

Abstract

Drawing on the resource dependency view, we examine the impact of the regional digital economy on enterprise innovation. Using data on Chinese A‐share listed manufacturing firms between 2011 and 2019, we find that digital economy development is positively associated with enterprise innovation. In addition, the digital economy positively enhances enterprise digital transformation, and enterprise digital transformation has a significant positive effect on enterprise innovation. Thus, enterprise digital transformation partially mediates the relationship between the digital economy and enterprise innovation. Furthermore, enterprise efficiency significantly positively moderates the direct and indirect effects of the digital economy on enterprise innovation.

Suggested Citation

  • Rui Li & Jing Rao & Liangyong Wan, 2022. "The digital economy, enterprise digital transformation, and enterprise innovation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(7), pages 2875-2886, October.
    • Handle: RePEc:wly:mgtdec:v:43:y:2022:i:7:p:2875-2886
    DOI: 10.1002/mde.3569
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    2. Wenjing Zhang & Bin Sun & Zaijun Li & Suleman Sarwar, 2023. "The Impact of the Digital Economy on Industrial Eco-Efficiency in the Yangtze River Delta (YRD) Urban Agglomeration," Sustainability, MDPI, vol. 15(16), pages 1-19, August.
    3. Yukun Ma & Shaojian Wang & Chunshan Zhou, 2023. "Can the Development of the Digital Economy Reduce Urban Carbon Emissions? Case Study of Guangdong Province," Land, MDPI, vol. 12(4), pages 1-13, March.
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    5. Aiguo Yan & Mingtao Yu, 2023. "Board Informal Hierarchy and Digital Transformation: Evidence From Chinese Manufacturing Listed Companies," SAGE Open, , vol. 13(4), pages 21582440231, December.
    6. Cao, Yuqiang & Hu, Yong & Liu, Qian & Lu, Meiting & Shan, Yaowen, 2023. "Job creation or disruption? Unraveling the effects of smart city construction on corporate employment in China," Technological Forecasting and Social Change, Elsevier, vol. 195(C).
    7. Hui Xia & Shixian Ling & Zhangxin (Frank) Liu, 2023. "Heterogeneous Blockholders and Enterprise Innovation: Evidence From the Mixed-Ownership Reform in China," SAGE Open, , vol. 13(4), pages 21582440231, November.
    8. Wang, Lianghu & Shao, Jun, 2023. "Digital economy, entrepreneurship and energy efficiency," Energy, Elsevier, vol. 269(C).
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    11. Yunlong Cheng & Jian Yang, 2023. "Spatial and Temporal Divergence in the Coupling Coordination of Digital Economy, Environmental Regulation and Sustainable Development: An Experience Study in China," Sustainability, MDPI, vol. 15(12), pages 1-16, June.
    12. Li, Ganglei & Shao, Yunfei, 2023. "How do top management team characteristics affect digital orientation? Exploring the internal driving forces of firm digitalization," Technology in Society, Elsevier, vol. 74(C).
    13. Razzaq, Asif & Yang, Xiaodong, 2023. "Digital finance and green growth in China: Appraising inclusive digital finance using web crawler technology and big data," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    14. Liu, Shasha & Zhao, Huixian & Kong, Gaowen, 2023. "Enterprise digital transformation, breadth of ownership and stock price volatility," International Review of Financial Analysis, Elsevier, vol. 89(C).
    15. Zhuoxi Yu & Shan Liu & Zhichuan Zhu & Lianyan Fu, 2023. "Spatial Imbalance, Dynamic Evolution and Convergence of the Digital Economy: Analysis Based on Panel Data of 278 Cities in China," Sustainability, MDPI, vol. 15(9), pages 1-26, April.
    16. Xin Sheng & Wenya Chen & Decai Tang & Bright Obuobi, 2023. "Impact of Digital Finance on Manufacturing Technology Innovation: Fixed-Effects and Panel-Threshold Approaches," Sustainability, MDPI, vol. 15(14), pages 1-24, July.
    17. Lifang Zhang & Yuexu Zhao, 2023. "Research on the Coupling Coordination of Green Finance, Digital Economy, and Ecological Environment in China," Sustainability, MDPI, vol. 15(9), pages 1-16, May.
    18. Guo, Bingnan & Wang, Yu & Zhang, Hao & Liang, Chunyan & Feng, Yu & Hu, Feng, 2023. "Impact of the digital economy on high-quality urban economic development: Evidence from Chinese cities," Economic Modelling, Elsevier, vol. 120(C).

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