{"title":"数字技术对企业发展质量的促进作用:启示与影响","authors":"","doi":"10.1016/j.irfa.2024.103555","DOIUrl":null,"url":null,"abstract":"<div><p>Firms are the fundamental units driving the development of regional systems, and their enhancement in overall strength determines the effectiveness of industrial collaborative innovation networks, serving as a crucial support for the high-quality development of urban agglomerations. In the digital era, how firms can improve their overall strength to enhance their supporting role in the construction of regional industrial networks is a matter of significant interest. Therefore, as a new driving force for firm development, exploring the impact of digital technology on firm development quality is of great importance. From the perspective of the enabling effects of digital technology, this paper takes A-share listed firms within China's five major urban agglomerations as the research subjects, utilizing panel data from 2012 to 2022. Through theoretical analysis and empirical testing using various econometric methods—including the fixed effects model, two-stage least squares regression model, and mediation effect model—the study investigates the impact of digital technology application on firm development quality and its underlying mechanisms. This study finds that the application of digital technology significantly enhances the quality of firm development, and as the level of digital technology application deepens, firms' development continues to improve. From the perspective of enabling factors, digital technology application can promote the improvement of firm development quality by activating innovation vitality, alleviating financing constraints, and reducing human resource management costs. The heterogeneity analysis results reveal that the impact of digital technology application on firm development quality exhibits various heterogeneous characteristics, including differences in urban agglomeration, ownership structure, and firm size.</p></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":null,"pages":null},"PeriodicalIF":7.5000,"publicationDate":"2024-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The enabling effects of digital technology on the quality of firm development: Insights and implications\",\"authors\":\"\",\"doi\":\"10.1016/j.irfa.2024.103555\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>Firms are the fundamental units driving the development of regional systems, and their enhancement in overall strength determines the effectiveness of industrial collaborative innovation networks, serving as a crucial support for the high-quality development of urban agglomerations. In the digital era, how firms can improve their overall strength to enhance their supporting role in the construction of regional industrial networks is a matter of significant interest. Therefore, as a new driving force for firm development, exploring the impact of digital technology on firm development quality is of great importance. From the perspective of the enabling effects of digital technology, this paper takes A-share listed firms within China's five major urban agglomerations as the research subjects, utilizing panel data from 2012 to 2022. Through theoretical analysis and empirical testing using various econometric methods—including the fixed effects model, two-stage least squares regression model, and mediation effect model—the study investigates the impact of digital technology application on firm development quality and its underlying mechanisms. This study finds that the application of digital technology significantly enhances the quality of firm development, and as the level of digital technology application deepens, firms' development continues to improve. From the perspective of enabling factors, digital technology application can promote the improvement of firm development quality by activating innovation vitality, alleviating financing constraints, and reducing human resource management costs. The heterogeneity analysis results reveal that the impact of digital technology application on firm development quality exhibits various heterogeneous characteristics, including differences in urban agglomeration, ownership structure, and firm size.</p></div>\",\"PeriodicalId\":48226,\"journal\":{\"name\":\"International Review of Financial Analysis\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":7.5000,\"publicationDate\":\"2024-09-17\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Financial Analysis\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1057521924004873\",\"RegionNum\":1,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Financial Analysis","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1057521924004873","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
The enabling effects of digital technology on the quality of firm development: Insights and implications
Firms are the fundamental units driving the development of regional systems, and their enhancement in overall strength determines the effectiveness of industrial collaborative innovation networks, serving as a crucial support for the high-quality development of urban agglomerations. In the digital era, how firms can improve their overall strength to enhance their supporting role in the construction of regional industrial networks is a matter of significant interest. Therefore, as a new driving force for firm development, exploring the impact of digital technology on firm development quality is of great importance. From the perspective of the enabling effects of digital technology, this paper takes A-share listed firms within China's five major urban agglomerations as the research subjects, utilizing panel data from 2012 to 2022. Through theoretical analysis and empirical testing using various econometric methods—including the fixed effects model, two-stage least squares regression model, and mediation effect model—the study investigates the impact of digital technology application on firm development quality and its underlying mechanisms. This study finds that the application of digital technology significantly enhances the quality of firm development, and as the level of digital technology application deepens, firms' development continues to improve. From the perspective of enabling factors, digital technology application can promote the improvement of firm development quality by activating innovation vitality, alleviating financing constraints, and reducing human resource management costs. The heterogeneity analysis results reveal that the impact of digital technology application on firm development quality exhibits various heterogeneous characteristics, including differences in urban agglomeration, ownership structure, and firm size.
期刊介绍:
The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.