Digital finance and enterprise innovation efficiency: Evidence from China

Hainan Wang and Fengshuo Liu

Finance Research Letters, 2024, vol. 59, issue C

Abstract: Based on data from China's A-share listed companies from 2011 to 2021, this paper discusses the relationship between digital finance and enterprise innovation efficiency and the influencing mechanism. The findings show that digital finance significantly improves enterprise innovation efficiency, and compared with the depth of use, expanding the coverage of digital finance matters more in promoting enterprise innovation efficiency. For the transmission mechanism, digital finance helps enterprises achieve digital transformation and then promotes the improvement of enterprise innovation efficiency. Compared with non-state-owned enterprises, digital finance has a more obvious facilitation effect in improving the innovation efficiency of state-owned enterprises.

Keywords: Digital finance; Enterprise innovation efficiency; Digital transformation; Mediating effect (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323010814
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:59:y:2024:i:c:s1544612323010814

DOI: 10.1016/j.frl.2023.104709

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().