The power of financial support in accelerating digital transformation and corporate innovation in China: evidence from banking and capital markets
Zhuoya Du,
Qian Wang
Abstract:This study explores the role of financial support in the digital transformation of Chinese A-share-listed companies from 2001 to 2020. By utilizing the moderating effect model and threshold regression model, this study finds the following results: (1) Digital transformation positively impacts innovation, and the support of banking and capital markets further strengthens this impact. (2) With the development of banking and capital markets, the impact of digital transformation on innovation changes from negative… Show more
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