IDEAS home Printed from https://ideas.repec.org/a/wsi/ijimxx/v27y2023i03n04ns1363919623500226.html
   My bibliography  Save this article

Corporate Digitalisation And Heterogeneous Technological Innovations: Is Capital Allocation Effective?

Author

Listed:
  • HAN ZOU

    (School of Business, Central South University, Changsha 410083, China)

Abstract

Can corporate digitalisation unleash an information dividend to drive technological innovations? Few researches examine this issue from diversified perspectives of capital allocation. Based on a dataset of Chinese A-listed enterprises during 2007–2019, this paper measures digitalisation by capturing frequencies of data-related words in corporate reports, and generalised moment method is used to explore the heterogeneous effects of corporate digitalisation on green or traditional technological innovation. The result shows that corporate digitalisation is positively correlated with both technological innovations, and it presents a greater promotion in traditional technological innovation than in green technological innovation. Capital compliant allocation based on improving managerial opportunism only plays a significant moderating role in green technological innovation, while capital optimal allocation significantly accelerates the incentive of digitalisation on both technological innovations, with its improvement on traditional technological innovation is much greater. Besides, the dynamic panel threshold model captures significant double-threshold effect of corporate digitalisation on technological innovations, manifesting as positive U-shaped curves with slopes change around the second threshold. Compared with the optimal interval to promotes technological innovations, digitalisation in more than half enterprises still fails to provide incentives for technological innovations.

Suggested Citation

  • Han Zou, 2023. "Corporate Digitalisation And Heterogeneous Technological Innovations: Is Capital Allocation Effective?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 27(03n04), pages 1-35, May.
    • Handle: RePEc:wsi:ijimxx:v:27:y:2023:i:03n04:n:s1363919623500226
    DOI: 10.1142/S1363919623500226
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1363919623500226
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1363919623500226?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:wsi:ijimxx:v:27:y:2023:i:03n04:n:s1363919623500226. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/ijim/ijim.shtml .

    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.