Corporate Digital Transformation, Financing Constraints and Innovation Input

DOI

10.2991/978-94-6463-710-6_29How to use a DOI?

Keywords

digital transformation; financing constraints; innovation investment; firm size; regional differences

Abstract

In the context of the digital era, the impact of corporate digital transformation on innovation investment has become a focus of attention in academia and the industry. Based on the annual data of A-share listed companies from 2013 to 2023, this paper adopts word frequency statistics to quantify the process of enterprise digital transformation, and applies the SA index to measure the status of enterprise financing constraints. By constructing a multiple regression model, this paper delves into the relationship between corporate digital transformation, financing constraints and innovation investment. It is found that enterprise digital transformation significantly promotes innovation input. In addition, financing constraints play a mediating role between digital transformation and innovation investment. The paper also analyses the heterogeneity of the impact of digital transformation in terms of both firm size and region, and finds that digital transformation promotes innovation input more significantly in eastern regions and among small and medium-sized enterprises. The research in this paper not only enriches the theory related to digital transformation and corporate innovation, but also provides practical guidance for policymakers and corporate managers.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Xiaolin Li
AU  - Jia Xu
AU  - Chunyan Lu
AU  - Yuqi Lv
PY  - 2025
DA  - 2025/05/14
TI  - Corporate Digital Transformation, Financing Constraints and Innovation Input
BT  - Proceedings of the 2025 4th International Conference on Big Data Economy and Digital Management (BDEDM 2025)
PB  - Atlantis Press
SP  - 246
EP  - 255
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-710-6_29
DO  - 10.2991/978-94-6463-710-6_29
ID  - Li2025
ER  -