Development of Digital Economy、Investment of Innovation Resources and Improvement of Innovation Quality of Manufacturing Industry
Innovation and quality are the dual driving forces of the high quality development of manufacturing industry.The rapid development of digital economy provides a new source of power for the improvement of innovation quality of Chinese manufacturing industry.Based on the"structure-behavior-performance"paradigm and resource-based theory,this paper takes the data of 201 A-share manufacturing listed enterprises from 2016 to 2020 as samples,and empirically analyzes the impact of the development of digital economy,an important macro factor,on the improvement of innovation quality of Chinese manufacturing enterprises.It is found that the development of digital economy can significantly improve the innovation quality of manufacturing enterprises.The mechanism test shows that the innovation of human resources,financial resources and infrastructure investment is an important way to improve the quality of enterprise innovation.Heterogeneity test shows that compared with non-state-owned enterprises,enterprises with low innovation openness,enterprises in mature stage and eastern region,the digital economy development has more obvious effect on the innovation"quality improvement"of state-owned enterprises,enterprises with high innovation openness,enterprises in initial and growth stage and enterprises in central and western region.
digital economy developmentinnovation resourcesinnovation qualitymanufacturing enterprise