Digital Finance Development and Corporate Innovation Vitality

Moderating Effect of Senior Executives’ Overseas Background

DOI

10.2991/978-94-6463-548-5_16How to use a DOI?

Keywords

Digital finance; management; innovation vitality; overseas background of senior executives

Abstract

The ease of enterprise financing made possible by the development of digital finance can partially address the issue of “difficult and expensive financing” for enterprises and offer a fresh approach to meeting the funding needs of R&D innovation and stimulating the innovation vitality of enterprises. Based on the data of GEM-listed companies in 2017-2021, this paper uses the time and industry two-way fixed effect model to empirically examine the relationship between digital finance development and corporate innovation vitality, and it analyses the moderating effect of senior executives’ overseas background on that relationship. Combined with literature research and empirical analysis, the study concludes that the development of digital finance significantly contributes to stimulating the innovation vitality of enterprises, and the overseas background of senior executives plays a positive moderating role in the relationship between digital finance development and corporate innovation vitality. On the basis of the aforementioned empirical research, recommendations are provided for how to support the steady development of digital finance and promote the all-round development of enterprises at the government and enterprise levels.

Copyright

© 2024 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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TY  - CONF
AU  - Shangqing Yang
AU  - Dongfang Qiu
PY  - 2024
DA  - 2024/10/21
TI  - Digital Finance Development and Corporate Innovation Vitality
BT  - Proceedings of the 2024 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024)
PB  - Atlantis Press
SP  - 124
EP  - 131
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-548-5_16
DO  - 10.2991/978-94-6463-548-5_16
ID  - Yang2024
ER  -