Enterprise digital transformation, COVID-19 and innovation persistence: evidence from China

被引：26
|
作者：
Yu, Yan [1 ,2 ]
Shao, Pingping [1 ]
机构：
[1] Beijing Technol & Business Univ, Business Sch, Beijing, Peoples R China
[2] Beijing Technol & Business Univ, Business Sch, 11-33 Fucheng Rd, Beijing 100048, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2024年
基金：
中国国家自然科学基金;
关键词：
Enterprise digital transformation; innovation persistence; COVID-19; public emergency; uncertainty;
D O I：
10.1080/13504851.2023.2301480
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study investigates the detrimental influence of the COVID-19 pandemic on the corporate innovation persistence and explores the mitigating effect of digital transformation by using Chinese A-share listed companies from 2011 to 2021. We find that the COVID-19 pandemic engenders a reduction in the corporate innovation persistence. However, a higher degree of digital transformation effectively alleviates this effect through three mechanisms: alleviating financial constraints, maintaining business stability, and improving investment efficiency. Our findings contribute to the literature concerning the relationship between digital transformation and corporate innovation, and provide micro-level evidence of the digital transformation of enterprises to mitigate public emergencies.
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页数：6
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