EconPapers    
Economics at your fingertips  
 

The impact-mechanism of “Internet +” on the innovation performance of traditional enterprises: Empirical evidence from China

Renai Jiang, Muhammad Saeed, Shenghao Yang and Shahab E. Saqib

Technological Forecasting and Social Change, 2023, vol. 186, issue PA

Abstract: Most traditional industries in China have reached a mature or declining stage, and their core competitiveness has declined compared to developing industries in the recent past. The paper studied the impact-mechanism of “Internet +” and verified its impacts on enterprise innovation performance. The data of 1040 traditional Chinese enterprises from 2011 to 2019 listed on the Shanghai and Shenzhen stock exchange were obtained from their annual reports by text-mining method. The purpose of these enterprises' selection was their present transformation of traditional Chinese enterprises from resource-driven to innovation-driven development strategy. The study employed poison-regression model to investigate the relationship of independent variables with innovation performance of these firms. In addition, we employed bootstrap method for validity of indirect effect. Based on the empirical evidence, we found that the “Internet +” significantly affects the innovation performance of traditional Chinese enterprises by influencing the organization's innovation elements, corporate governance structure, and corporate culture. The results do not change when we apply alternative variables in the model, which shows strong robustness. The findings of this research will help promote the deep integration of the internet in the real economy and promote more effective implementation of the “Internet +” national strategy in traditional enterprises.

Keywords: “Internet +”; Impact-mechanism; Traditional enterprises; Innovation performance; China (search for similar items in EconPapers)
JEL-codes: L44 L86 O32 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0040162522006503
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:tefoso:v:186:y:2023:i:pa:s0040162522006503

DOI: 10.1016/j.techfore.2022.122129

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).

 
Page updated 2024-12-28
Handle: RePEc:eee:tefoso:v:186:y:2023:i:pa:s0040162522006503