Proceedings of the 2026 4th International Conference on Digital Economy and Management Science (CDEMS 2026)

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New Quality Productive Forces and Corporate Value Creation: A Mediation Analysis Based on Technological Innovation

Authors
Xianlu Wang1, Rui Wang1, *, Ruijie Ma1
1Qingdao University of Technology, Qingdao, 266000, China
*Corresponding author. Email: wangrui90829@163.com
Corresponding Author
Rui Wang
Available Online 2 June 2026.
DOI
10.2991/978-94-6239-699-9_5How to use a DOI?
Keywords
New Quality Productive Forces; Corporate Value; Technological Innovation; High-tech Industries; Market Competition
Abstract

This study examines the impact of new quality productive forces (NPRO) on corporate value and its underlying mechanisms using a sample of all A-share listed companies from 2015 to 2024. The results show that NPRO significantly and positively influences corporate value, a conclusion that remains robust across various tests. Mechanism analysis reveals that technological innovation plays a mediating role in this relationship. Furthermore, heterogeneity analysis indicates that the value-enhancing effect of NPRO is more pronounced among firms in high-tech and highly competitive industries. This paper provides micro-level empirical evidence of the economic consequences of NPRO, offering valuable insights for governments to formulate differentiated policies and for enterprises to pursue high-quality development.

Copyright
© 2026 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.

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Volume Title
Proceedings of the 2026 4th International Conference on Digital Economy and Management Science (CDEMS 2026)
Series
Advances in Economics, Business and Management Research
Publication Date
2 June 2026
ISBN
978-94-6239-699-9
ISSN
2352-5428
DOI
10.2991/978-94-6239-699-9_5How to use a DOI?
Copyright
© 2026 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.

Cite this article

risenwbib
TY  - CONF
AU  - Xianlu Wang
AU  - Rui Wang
AU  - Ruijie Ma
PY  - 2026
DA  - 2026/06/02
TI  - New Quality Productive Forces and Corporate Value Creation: A Mediation Analysis Based on Technological Innovation
BT  - Proceedings of the 2026 4th International Conference on Digital Economy and Management Science (CDEMS 2026)
PB  - Atlantis Press
SP  - 29
EP  - 38
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-699-9_5
DO  - 10.2991/978-94-6239-699-9_5
ID  - Wang2026
ER  -