Digital Finance Development and Enterprise R&D Investment

Authors

  • Shuochong Wang

DOI:

https://doi.org/10.54097/r1ksg902

Keywords:

Digital finance; R&D Investment; innovation

Abstract

With the development of information technology and the popularity of the Internet, digital finance has become an important source of credit funds and an important thrust of economic development in China. This paper studies the impact of the development of digital finance on enterprise R&D innovation. This paper matches the city level digital finance indicators of Peking University Digital finance research center and CSMAR listed company database, and carries out empirical research. It is found that the development of digital finance can promote innovation by increasing enterprise R&D investment. This paper also finds that the internal transmission mechanism of the development of digital finance affecting the R&D investment of enterprises is to increase operating profits and liquid assets, and the external transmission mechanism is to increase the scale of urban science and technology expenditure and human capital. In general, the research of this paper provides effective evidence that digital finance contributes to long-term economic development from the perspective of enterprise R&D innovation.

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Published

22-01-2024

How to Cite

Wang, S. (2024). Digital Finance Development and Enterprise R&D Investment. Highlights in Business, Economics and Management, 24, 2641-2647. https://doi.org/10.54097/r1ksg902