Government investment in science and technology, digital transformation, and innovation in manufacturing enterprises

Biao Chen, Huan Lin, Biaoan Shan and Yundong Xiao

Finance Research Letters, 2024, vol. 69, issue PB

Abstract: This study examines the relationship between government investment in science and technology (S&T), manufacturing enterprises’ innovation, and the moderating effect of digital transformation based on data from China's A-share listed manufacturing enterprises from 2011 to 2022. Findings indicate that government investment in S&T has an inverted U-shaped effect, where digital transformation mitigates the incentive distortion. The conclusions provide a valuable reference for strengthening resource allocation while augmenting enterprise innovation theories. The findings serve as a practical guide for manufacturing enterprises’ innovation in the digital era.

Keywords: Government investment in science and technology (S&T); Manufacturing enterprise innovation; Digital transformation (search for similar items in EconPapers)
JEL-codes: D22 D81 H32 L60 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pb:s154461232401328x

DOI: 10.1016/j.frl.2024.106299

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