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Government Digital subsidies, Digital Innovation and High-quality Enterprise Development

In: Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)

Author

Listed:
  • Wenqian Cao

    (Nanjing University of Technology, School of Economics and Management)

  • Shuo Ma

    (Nanjing University of Technology, School of Economics and Management)

  • Pengcheng Wang

    (Nanjing University of Technology, School of Economics and Management)

  • Songqiang Wu

    (Nanjing University of Technology, School of Economics and Management)

Abstract

In the context of digital economy, the government promotes the digital transformation of enterprises by providing special subsidies, so as to empower the high-quality development of enterprises. Based on the data of listed enterprises related to the digital economy from 2001 to 2021, this paper innovatively examines the impact of government digital subsidies on the high-quality development of enterprises from the perspective of digital innovation by using text analysis and other methods. The research results show that government digital subsidies can achieve high-quality development of enterprises by positively promoting digital innovation. The above research results enrich the research on the implementation effect of special government subsidies, provide evidence support for the theoretical mechanism of digital technology enabling the development of the real economy, and also provide practical enlightenment for Chinese enterprises to achieve digital transformation and promote the high-quality development of enterprises.

Suggested Citation

  • Wenqian Cao & Shuo Ma & Pengcheng Wang & Songqiang Wu, 2024. "Government Digital subsidies, Digital Innovation and High-quality Enterprise Development," Advances in Economics, Business and Management Research, in: Junfeng Liao & Hongbo Li & Edward H. K. Ng (ed.), Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), pages 299-304, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-488-4_33
    DOI: 10.2991/978-94-6463-488-4_33
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