中国数字产品贸易自由化与企业数字创新——来自ITA扩展的证据

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-04-03 DOI:10.1016/j.frl.2025.107273

Zhen Li , Fan Chai , Jinrong Han

{"title":"中国数字产品贸易自由化与企业数字创新——来自ITA扩展的证据","authors":"Zhen Li , Fan Chai , Jinrong Han","doi":"10.1016/j.frl.2025.107273","DOIUrl":null,"url":null,"abstract":"<div><div>This paper investigates the impact of the Information Technology Agreement (ITA) expansion on enterprises’ digital innovation, utilizing a sample of Chinese listed firms between 2013 and 2019. We find that tariff reduction of IT products increases digital innovation activities of enterprises. Our results suggest two mechanisms through which the trade liberalization of IT products promotes enterprises’ digital innovation, one is to ease firms’ financial constraints and the other is to improve market competition. Our findings contribute to the growing literature examining the real impacts of IT product trade liberalization.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"80 ","pages":"Article 107273"},"PeriodicalIF":6.9000,"publicationDate":"2025-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Digital Product Trade Liberalization and Enterprises’ Digital Innovation in China——Evidence from the ITA Expansion\",\"authors\":\"Zhen Li , Fan Chai , Jinrong Han\",\"doi\":\"10.1016/j.frl.2025.107273\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>This paper investigates the impact of the Information Technology Agreement (ITA) expansion on enterprises’ digital innovation, utilizing a sample of Chinese listed firms between 2013 and 2019. We find that tariff reduction of IT products increases digital innovation activities of enterprises. Our results suggest two mechanisms through which the trade liberalization of IT products promotes enterprises’ digital innovation, one is to ease firms’ financial constraints and the other is to improve market competition. Our findings contribute to the growing literature examining the real impacts of IT product trade liberalization.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"80 \",\"pages\":\"Article 107273\"},\"PeriodicalIF\":6.9000,\"publicationDate\":\"2025-04-03\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1544612325005367\",\"RegionNum\":2,\"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":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1544612325005367","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

摘要

本文以2013 - 2019年中国上市公司为样本，研究了信息技术协议（ITA）扩展对企业数字创新的影响。我们发现，IT产品关税的降低增加了企业的数字创新活动。研究结果表明，信息技术产品贸易自由化促进企业数字创新的机制有两种，一种是缓解企业的资金约束，另一种是促进市场竞争。我们的发现有助于越来越多的文献研究IT产品贸易自由化的实际影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Digital Product Trade Liberalization and Enterprises’ Digital Innovation in China——Evidence from the ITA Expansion

This paper investigates the impact of the Information Technology Agreement (ITA) expansion on enterprises’ digital innovation, utilizing a sample of Chinese listed firms between 2013 and 2019. We find that tariff reduction of IT products increases digital innovation activities of enterprises. Our results suggest two mechanisms through which the trade liberalization of IT products promotes enterprises’ digital innovation, one is to ease firms’ financial constraints and the other is to improve market competition. Our findings contribute to the growing literature examining the real impacts of IT product trade liberalization.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance