Proceedings of the International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2022, October 28-30, 2022, Shenzhen, China

Research Article

The Information Technology and Corporate Innovation: Evidence from China’s Listed Companies

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  • @INPROCEEDINGS{10.4108/eai.28-10-2022.2328438,
        author={Qihui  Guo and Zhenbang  Wang},
        title={The Information Technology and Corporate Innovation: Evidence from China’s Listed Companies},
        proceedings={Proceedings of the International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2022, October 28-30, 2022, Shenzhen, China},
        publisher={EAI},
        proceedings_a={FFIT},
        year={2023},
        month={4},
        keywords={digital finance; innovation; empirical research},
        doi={10.4108/eai.28-10-2022.2328438}
    }
    
  • Qihui Guo
    Zhenbang Wang
    Year: 2023
    The Information Technology and Corporate Innovation: Evidence from China’s Listed Companies
    FFIT
    EAI
    DOI: 10.4108/eai.28-10-2022.2328438
Qihui Guo1,*, Zhenbang Wang2
  • 1: Rosedale global High School Dongying
  • 2: Shenzhen College of International Education Shenzhen
*Contact email: 18404143@masu.edu.cn

Abstract

In the past few years, the digital economy and digital finance have developed rapidly in China and have had a far-reaching impact on enterprises. By constructing a linear model, this paper evaluates this impact from the perspective of enterprise innovation. The study found that, on average, increasing the coverage of digital finance by one unit will increase the R & D expenditure of enterprises by 0.91%. Heterogeneity analysis found that compared with large-scale enterprises, the development of digital finance has a greater impact on the R & D expenditure of small and medium-sized enterprises.