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Enhancing innovation capabilities, digital management, and corporate competitiveness

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  • Zhang, Yuan
  • Li, Ying

Abstract

This study utilizes data from A-share listed companies from 2011 to 2021 to explore how the enhancement of innovation capabilities impacts corporate competitiveness and to analyze the mechanisms of this effect. The results indicate that the enhancement of innovation capabilities promotes the development of corporate competitiveness, primarily through the improvement of digital management levels and the reduction of financing constraints. Further analysis shows that the positive impact of enhanced innovation capabilities on corporate competitiveness is more significant in state-owned enterprises, companies in the eastern regions, and non-heavy pollution industries.

Suggested Citation

  • Zhang, Yuan & Li, Ying, 2025. "Enhancing innovation capabilities, digital management, and corporate competitiveness," Finance Research Letters, Elsevier, vol. 73(C).
    • Handle: RePEc:eee:finlet:v:73:y:2025:i:c:s1544612324016246
    DOI: 10.1016/j.frl.2024.106595
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    More about this item

    Keywords

    Enhancement of innovation capabilities; Corporate competitiveness; Digital management; Financing constraints; Heterogeneity;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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