Can innovation policies enhance the resilience of corporate value chains?

Wuchao Liang, Ying Wang and Ruopeng Wu

Finance Research Letters, 2025, vol. 80, issue C

Abstract: This study uses data from publicly listed companies from 2013 to 2022 to explore the relationship between innovation policy-driven factors, digital financial transformation, and corporate value chain resilience. The research findings indicate that innovation policy-driven factors positively impact value chain resilience, with differences between state-owned and private enterprises. Digital financial transformation plays a moderating role in this relationship, while R&D investment acts as a mediator, with effects varying across firms of different sizes. The study enhances theoretical understanding of innovation policy and digital finance, and offers practical advice for policymakers and managers to boost value chain resilience.

Keywords: Innovation policy; Digital financial transformation; R&D investment; Corporate value chain resilience (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:80:y:2025:i:c:s1544612325005914

DOI: 10.1016/j.frl.2025.107328

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