Proceedings of the 3rd International Conference on Digital Economy and Computer Application (DECA 2023)

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Fintech and Enterprise Digital Innovation - Evidence from Patent Text Information

Authors
Yuan Zhu1, *
1Department of Economics and management, Guangling College of Yangzhou University, Yangzhou, Jiangsu Province, China
*Corresponding author. Email: 1141638758@qq.com
Corresponding Author
Yuan Zhu
Available Online 4 December 2023.
DOI
10.2991/978-94-6463-304-7_64How to use a DOI?
Keywords
Fintech; Enterprise Digital Innovation; Patent Text Information
Abstract

In today’s digital economy age, the principal propellant of China’s economic progression is the innovation of digital technology. This study explores China’s extent of digital innovation by reviewing the digital patents from Shanghai and Shenzhen A-share listed enterprises between 2012 and 2021. Tt investigates the impact of regional fintech development on enterprise digital innovation. The study reveals a meaningful and positive correlation between the progress in fintech and the digital innovation of enterprises. This result has been confirmed in the robustness test using instrumental variables, system GMM, and replacement of core variables. Furthermore, the subsequent research has also discovered whether the development of regional fintech can alleviate the issue of information asymmetry between banks and enterprises, thus reducing the credit rationing and financing constraints imposed on businesses, indicating “information effect” and “resource effect”. Therefore, during China’s economic transition, We ought to perpetually drive fintech progression, employ contemporary technology in financial utilities, enhance the service of finance to the tangible economy, and hence, spur digital innovation within enterprises.

Copyright
© 2023 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 3rd International Conference on Digital Economy and Computer Application (DECA 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
4 December 2023
ISBN
10.2991/978-94-6463-304-7_64
ISSN
2589-4900
DOI
10.2991/978-94-6463-304-7_64How to use a DOI?
Copyright
© 2023 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  - Yuan Zhu
PY  - 2023
DA  - 2023/12/04
TI  - Fintech and Enterprise Digital Innovation - Evidence from Patent Text Information
BT  - Proceedings of the 3rd International Conference on Digital Economy and Computer Application (DECA 2023)
PB  - Atlantis Press
SP  - 604
EP  - 614
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-304-7_64
DO  - 10.2991/978-94-6463-304-7_64
ID  - Zhu2023
ER  -