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Establishment of big data comprehensive experimental zones, financial resource allocation, and enterprise innovation

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  • Gao, Boren
  • Tang, Haibin
  • Luo, Yibin

Abstract

Utilizing enterprise-level panel data from 2007 to 2023, this paper analyzes the direct impact of the establishment of big data comprehensive experimental zones (BEZ) on enterprise innovation, further examining the mediating role of financial resource allocation in this relationship. The research findings indicate that the establishment of BEZ significantly enhances corporate innovation levels, with financial resource allocation playing a mediating role between the establishment of these zones and enterprise innovation. Additionally, heterogeneity analysis reveals that high-tech enterprises, companies located in southern regions, and those with executives possessing financial backgrounds benefit more from the establishment of BEZ in terms of innovation capabilities. The results provide a theoretical basis for policy makers.

Suggested Citation

  • Gao, Boren & Tang, Haibin & Luo, Yibin, 2026. "Establishment of big data comprehensive experimental zones, financial resource allocation, and enterprise innovation," Finance Research Letters, Elsevier, vol. 92(C).
    • Handle: RePEc:eee:finlet:v:92:y:2026:i:c:s1544612326000747
    DOI: 10.1016/j.frl.2026.109543
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    References listed on IDEAS

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