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Digital transformation, supply chain finance, and enterprise innovation

Author

Listed:
  • Lei, Wei
  • Tang, Kaitao
  • Shao, Jingfeng
  • Ran, Feng

Abstract

This study uses Chinese A-share listed companies in Shanghai and Shenzhen from 2007 to 2022 as samples to explore the joint impact of digital transformation (DT) and supply chain finance (SCF) on corporate innovation. Results reveal that DT can significantly improve enterprise innovation while promoting the improvement of innovation quantity and quality, with research and development investment acting as a mediating factor. This study's analysis of the impact of SCF reveals that SCF can also promote enterprise innovation by improving synergies and serving as a substitute for DT.

Suggested Citation

  • Lei, Wei & Tang, Kaitao & Shao, Jingfeng & Ran, Feng, 2024. "Digital transformation, supply chain finance, and enterprise innovation," Finance Research Letters, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324012856
    DOI: 10.1016/j.frl.2024.106256
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    References listed on IDEAS

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    Cited by:

    1. Du, Weijian & Li, Mengjie, 2025. "Corporations’ digital attitude and digital technology innovation: Are the heart and mouth in agreement or not?," Finance Research Letters, Elsevier, vol. 75(C).
    2. Zheng, Yunjian & Guo, Yani & Yan, Jiale, 2025. "Business environment and industrial chain resilience," Finance Research Letters, Elsevier, vol. 75(C).
    3. Yan, Yucong & Lei, Yufei & Wang, Yingdong & Lv, Dexin & Lu, Fanyi & Yao, YuYue, 2025. "Digital transformation and customer enterprise innovation - From the perspective of supply chain spillover effects," Finance Research Letters, Elsevier, vol. 76(C).

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    More about this item

    Keywords

    Digital transformation; Supply chain finance; Enterprise innovation; R&D investment; Synergy effects;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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