Impact of new government–business relations on urban digital economy: Empirical evidence from China

Yongyu Chen, Zihao Peng, Caodie Peng and Wanli Xu

Finance Research Letters, 2023, vol. 58, issue PA

Abstract: Drawing from dynamic capability theory, we investigate how new government–business relations impact urban digital economy with mediating and moderating effect model, using panel data from 242 prefecture-level Chinese cities over 2017–2019. We find that building new government-business relations promote urban digital economy, with urban service capability playing a mediating role. We also find that digital infrastructure strengthens the impact of urban service capacity on urban digital economy. These findings are robust and more significant in eastern and larger cities. Our study provides new evidence on exploring mechanism and conditions by which new government-business relations influence urban digital economy.

Keywords: New government–business relations; Digital economy; Digital infrastructure; Urban service capability; Dynamic capability theory (search for similar items in EconPapers)
JEL-codes: G18 G28 R10 R11 R58 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323006979

DOI: 10.1016/j.frl.2023.104325

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