IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i12p7143-d835978.html
   My bibliography  Save this article

Empirical Research on the Influence Mechanisms of Digital Resources Input on Service Innovation in China’s Finance Industry

Author

Listed:
  • Mingxia Liu

    (Economics and Management School, Wuhan University, Wuhan 430072, China
    Institute of Strategic Management Research, Wuhan University, Wuhan 430072, China)

  • Wei Jiang

    (Economics and Management School, Wuhan University, Wuhan 430072, China)

Abstract

In today’s era, digital technology and the digital economy are the forerunners of the scientific and technological revolution and industrial transformation in the world. This paper chooses the organization and executive integration perspectives, studies the effects of relationship between digital resources input and service innovation in China’s finance industry, and the path and the mechanism of the transmission process. Through empirical research, we find that digital resource input has a significant positive impact on service innovation, and information sharing and value creation have significant mediating effects on the relationship between digital resource input and service innovation. Network openness significantly promotes the positive relationship between digital resource input and value creation, while big data technical ability significantly promotes the positive relationship between information sharing and service innovation. Our findings have some significant meanings for China’s financial enterprises.

Suggested Citation

  • Mingxia Liu & Wei Jiang, 2022. "Empirical Research on the Influence Mechanisms of Digital Resources Input on Service Innovation in China’s Finance Industry," Sustainability, MDPI, vol. 14(12), pages 1-22, June.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:12:p:7143-:d:835978
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/12/7143/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/12/7143/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fei Fan & Shangze Dai & Keke Zhang & Haiqian Ke, 2021. "Innovation agglomeration and urban hierarchy: evidence from Chinese cities," Applied Economics, Taylor & Francis Journals, vol. 53(54), pages 6300-6318, November.
    2. Ruben Vicente-Saez & Robin Gustafsson & Clara Martinez-Fuentes, 2021. "Opening up science for a sustainable world: An expansive normative structure of open science in the digital era [The Nature of Academic Entrepreneurship in the UK: Widening the Focus on Entrepreneu," Science and Public Policy, Oxford University Press, vol. 48(6), pages 799-813.
    3. Cheng, Colin C.J. & Krumwiede, Dennis, 2017. "What makes a manufacturing firm effective for service innovation? The role of intangible capital under strategic and environmental conditions," International Journal of Production Economics, Elsevier, vol. 193(C), pages 113-122.
    4. Haichao Yu & Yan Liu & Chengliang Liu & Fei Fan, 2018. "Spatiotemporal Variation and Inequality in China’s Economic Resilience across Cities and Urban Agglomerations," Sustainability, MDPI, vol. 10(12), pages 1-19, December.
    5. Johanna Sefyrin & Mariana Gustafsson & Elin Wihlborg, 2021. "Addressing digital diversity: Care matters in vulnerable digital relations in a Swedish library context [Feminist Technoscience Studies]," Science and Public Policy, Oxford University Press, vol. 48(6), pages 841-848.
    6. Xiaohui Chen & Dou Yan & Wen Chen, 2022. "Can the digital economy promote FinTech development?," Growth and Change, Wiley Blackwell, vol. 53(1), pages 221-247, March.
    7. Song Wang & Jiexin Wang & Chenqi Wei & Xueli Wang & Fei Fan, 2021. "Collaborative innovation efficiency: From within cities to between cities—Empirical analysis based on innovative cities in China," Growth and Change, Wiley Blackwell, vol. 52(3), pages 1330-1360, September.
    8. Jian-qing Zhang & Tingting Chen & Fei Fan & Song Wang, 2018. "Empirical research on time-varying characteristics and efficiency of the Chinese economy and monetary policy: evidence from the MI-TVP-VAR model," Applied Economics, Taylor & Francis Journals, vol. 50(33), pages 3596-3613, July.
    9. Fei Fan & Xuerong Zhang & Xueli Wang, 2022. "Are there political cycles hidden inside collaborative innovation efficiency? An empirical study based on Chinese cities," Science and Public Policy, Oxford University Press, vol. 49(3), pages 532-551.
    10. Witell, Lars & Snyder, Hannah & Gustafsson, Anders & Fombelle, Paul & Kristensson, Per, 2016. "Defining service innovation: A review and synthesis," Journal of Business Research, Elsevier, vol. 69(8), pages 2863-2872.
    11. Zhengwen Wang & Yunxiao Zong & Yuwan Dan & Shi-Jie Jiang, 2021. "Country risk and international trade: evidence from the China-B&R countries," Applied Economics Letters, Taylor & Francis Journals, vol. 28(20), pages 1784-1788, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hao Zhou & Xinyi Li & Xiaoli Li, 2023. "Can the Digital Economy Improve the Level of High-Quality Financial Development? Evidence from China," Sustainability, MDPI, vol. 15(9), pages 1-13, April.
    2. Lijie Feng & Guo Qin & Jinfeng Wang & Ke Zhang, 2022. "Disruptive Innovation Path of Start-Ups in the Digital Context: The Perspective of Dynamic Capabilities," Sustainability, MDPI, vol. 14(19), pages 1-18, October.
    3. Xiaonan Fan & Ye Wang & Xinyuan Lu, 2022. "Digital Transformation Drives Sustainable Innovation Capability Improvement in Manufacturing Enterprises: Based on FsQCA and NCA Approaches," Sustainability, MDPI, vol. 15(1), pages 1-26, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zuoming Liu & Changbo Qiu & Min Sun & Dongmin Zhang, 2022. "Environmental Performance Evaluation of Key Polluting Industries in China—Taking the Power Industry as an Example," IJERPH, MDPI, vol. 19(12), pages 1-21, June.
    2. Jianwei Zhang & Heng Li & Guoxin Jiao & Jiayi Wang & Jingjing Li & Mengzhen Li & Haining Jiang, 2022. "Spatial Pattern of Technological Innovation in the Yangtze River Delta Region and Its Impact on Water Pollution," IJERPH, MDPI, vol. 19(12), pages 1-20, June.
    3. Chen Li & Heng Li & Xionghe Qin, 2022. "Spatial Heterogeneity of Carbon Emissions and Its Influencing Factors in China: Evidence from 286 Prefecture-Level Cities," IJERPH, MDPI, vol. 19(3), pages 1-29, January.
    4. Jie Fan & Zhuo Shen & Zhengwen Wang, 2022. "The Threshold Effect of Urban Levels on Environmental Collaborative Governance: An Empirical Analysis from Chinese Cities," IJERPH, MDPI, vol. 19(7), pages 1-11, March.
    5. Min Qian & Zhenpeng Cheng & Zhengwen Wang & Dingyi Qi, 2022. "What Affects Rural Ecological Environment Governance Efficiency? Evidence from China," IJERPH, MDPI, vol. 19(10), pages 1-19, May.
    6. Chen Li & Le Zhang & Qinyi Gu & Jia Guo & Yi Huang, 2022. "Spatio-Temporal Differentiation Characteristics and Urbanization Factors of Urban Household Carbon Emissions in China," IJERPH, MDPI, vol. 19(8), pages 1-22, April.
    7. Liang Zhao & Liangyu Chen, 2022. "Research on the Impact of Government Environmental Information Disclosure on Green Total Factor Productivity: Empirical Experience from Chinese Province," IJERPH, MDPI, vol. 19(2), pages 1-20, January.
    8. Ning Ma & Puyu Liu & Yadong Xiao & Hengyun Tang & Jianqing Zhang, 2022. "Can Green Technological Innovation Reduce Hazardous Air Pollutants?—An Empirical Test Based on 283 Cities in China," IJERPH, MDPI, vol. 19(3), pages 1-20, January.
    9. Jing Ma & Dan Liu & Zhengwen Wang, 2023. "Sponge City Construction and Urban Economic Sustainable Development: An Ecological Philosophical Perspective," IJERPH, MDPI, vol. 20(3), pages 1-17, January.
    10. Juan Hu & Chengjin Ma & Chen Li, 2022. "Can Green Innovation Improve Regional Environmental Carrying Capacity? An Empirical Analysis from China," IJERPH, MDPI, vol. 19(20), pages 1-15, October.
    11. Qianrui Hwang & Min Yao & Shugang Li & Fang Wang & Zhenmin Luo & Zheng Li & Tongshuang Liu, 2023. "Risk Spillovers between China’s Carbon and Energy Markets," Energies, MDPI, vol. 16(19), pages 1-17, September.
    12. Lili Yang & Ning Ma, 2022. "Empirical Study on the Influence of Urban Environmental Industrial Structure Optimization on Ecological Landscape Greening Construction," IJERPH, MDPI, vol. 19(24), pages 1-16, December.
    13. Liang Zhao & Lifei Xu & Ling Li & Jing Hu & Lin Mu, 2022. "Can Inbound Tourism Improve Regional Ecological Efficiency? An Empirical Analysis from China," IJERPH, MDPI, vol. 19(19), pages 1-19, September.
    14. Haiqian Ke & Bo Yang & Shangze Dai, 2022. "Does Intensive Land Use Contribute to Energy Efficiency?—Evidence Based on a Spatial Durbin Model," IJERPH, MDPI, vol. 19(9), pages 1-17, April.
    15. Yiping Sun & Xiangyi Li & Tengyuan Zhang & Jiawei Fu, 2022. "Does Trade Policy Uncertainty Exacerbate Environmental Pollution?—Evidence from Chinese Cities," IJERPH, MDPI, vol. 19(4), pages 1-21, February.
    16. Le Zhang & Qinyi Gu & Chen Li & Yi Huang, 2022. "Characteristics and Spatial–Temporal Differences of Urban “Production, Living and Ecological” Environmental Quality in China," IJERPH, MDPI, vol. 19(22), pages 1-22, November.
    17. Xu Dong & Yang Chen & Qinqin Zhuang & Yali Yang & Xiaomeng Zhao, 2022. "Agglomeration of Productive Services, Industrial Structure Upgrading and Green Total Factor Productivity: An Empirical Analysis Based on 68 Prefectural-Level-and-Above Cities in the Yellow River Basin," IJERPH, MDPI, vol. 19(18), pages 1-19, September.
    18. Jianqing Zhang & Haichao Yu & Keke Zhang & Liang Zhao & Fei Fan, 2021. "Can Innovation Agglomeration Reduce Carbon Emissions? Evidence from China," IJERPH, MDPI, vol. 18(2), pages 1-24, January.
    19. Wenyi Yang & Xueli Wang & Keke Zhang & Zikan Ke, 2020. "COVID-19, Urbanization Pattern and Economic Recovery: An Analysis of Hubei, China," IJERPH, MDPI, vol. 17(24), pages 1-21, December.
    20. Fei Fan & Dailin Cao & Ning Ma, 2020. "Is Improvement of Innovation Efficiency Conducive to Haze Governance? Empirical Evidence from 283 Chinese Cities," IJERPH, MDPI, vol. 17(17), pages 1-20, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:12:p:7143-:d:835978. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.