Impact of digital financial tools on intermediate goods: Synergies between external funding and internal R&D investment

Qiao Zhao and Wangqing Wang

Finance Research Letters, 2024, vol. 67, issue PB

Abstract: This study employs a baseline regression model to assess the impact of digital financial tools on innovation intensity of intermediate products across provinces in China. Results indicate that digital financial tools significantly enhance innovation of intermediate products, particularly in central regions and areas with well-developed digital infrastructure. Threshold regression reveals that digital financial tools can influence the innovation intensity of intermediate products through external funding, internal R&D investment, and their synergistic effects. The study concludes with recommendations based on these findings.

Keywords: Digital finance; Intermediate product innovation; External funding; Internal R&D investment; Synergistic effect (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324009978
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:67:y:2024:i:pb:s1544612324009978

DOI: 10.1016/j.frl.2024.105967

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 ().