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Breakthrough innovation, digital transformation, and firms' long-term competitiveness

Author

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  • Lu, Di
  • Miao, Xiaoming
  • Wang, Yi

Abstract

Based on data from China's A-share listed companies from 2012 to 2023, this study empirically examines the impact of Breakthrough Innovation (BI) and Digital Transformation (DT) on firms' long-term competitiveness. The findings show that: BI significantly enhances firms' long-term competitiveness; BI influences firms' long-term competitiveness by promoting DT; The impact of BI on firms' long-term competitiveness exhibits heterogeneity between high-tech and non–high-tech firms; The effect of BI also varies across eastern, central, and western regions.

Suggested Citation

  • Lu, Di & Miao, Xiaoming & Wang, Yi, 2026. "Breakthrough innovation, digital transformation, and firms' long-term competitiveness," Finance Research Letters, Elsevier, vol. 88(C).
    • Handle: RePEc:eee:finlet:v:88:y:2026:i:c:s1544612325025516
    DOI: 10.1016/j.frl.2025.109302
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    References listed on IDEAS

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