How digital finance promotes technological innovation: Evidence from China

被引：20
|
作者：
Li, Jiayi [1 ]
Ye, Shujun [1 ]
Zhang, Yujin [1 ,2 ]
机构：
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing 100044, Peoples R China
[2] Hebei Univ Chinese Med, Dept Pharmacol, Shijiazhuang 050200, Hebei, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 58卷
关键词：
Digital finance; Technological innovation; R & D investment; Technology credit; Consumer demand;
D O I：
10.1016/j.frl.2023.104298
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This article confirms the direct positive effect of digital finance on technological innovation and explores its regional heterogeneity. It further demonstrates the mediation effect from the fund supply side and product demand side of innovation, proving that digital finance stimulates technological innovation by promoting R & D investment and consumer demand. However, it was found that the mediation role of technology credit was not established, suggesting that the financial institution credit for research funding does not significantly drive innovation, digital finance mainly encourages innovation by promoting the supply of non-financial funds.
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页数：9
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