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Empirical Test of the Impact of Digital Innovation on Firms’ New Quality Productivity in China

In: Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)

Author

Listed:
  • Xiaobo Lun

    (Shanghai Lixin University of Accounting and Finance, School of Finance)

  • Yun Liu

    (Shanghai Lixin University of Accounting and Finance, School of Finance)

Abstract

In the era of digital economy, digital innovation has become the primary motive force for cultivating new quality productivity. Taking Chinese listed companies as the research sample, this paper identifies corporate digital patents to portray the level of digital innovation and explores the effect of digital innovation on corporate new quality productivity. The findings show that digital innovation significantly promotes the development of firms’ new quality productivity. Heterogeneity analysis reveals that digital innovation has a more pronounced promotion effect in non-state-owned enterprises, enterprises in industries with higher degree of competition, and enterprises in the central and eastern regions. This paper deepens the understanding of the economic effects induced by digital innovation, and provides a practical reference for cultivating new productivity under the digital China strategy.

Suggested Citation

  • Xiaobo Lun & Yun Liu, 2024. "Empirical Test of the Impact of Digital Innovation on Firms’ New Quality Productivity in China," Advances in Economics, Business and Management Research, in: Kun Zhang & Hang Luo & Tang Yao & Hongbo Li (ed.), Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024), pages 539-546, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-638-3_53
    DOI: 10.2991/978-94-6463-638-3_53
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