Research on the Influencing Factors of Innovation Capability of 
Chinese Listed Companies Driven by Digital Economy

Songyuan Liu

doi:10.18686/modern-management-forum.v8i2.12273

Research on the Influencing Factors of Innovation Capability of Chinese Listed Companies Driven by Digital Economy

Songyuan Liu

Abstract

Due to the impetus of the digital economy, the enhancement of innovation capacity among listed companies has become
a signifi cant area of research. The author commences by examining the current state of innovation capacity among listed companies in
China, with a particular focus on exploring technological innovation and R&D investment factors. The study revealed that many domestic
enterprises are experiencing several challenges, including the lagging of high-precision technology, insuffi cient independent innovation
capacity, and diffi culties with fi nancing. This article integrates the digital economy, enterprise innovation capacity, technological innovation,
and R&D investment into a unified analytical framework. It employs data from China’s R&D expenditure, the number of high-tech
enterprises, and the number of patents acquired by four nations in 2022 to perform a study spanning from 2018 to 2022, which shows
that technological innovation and R&D investment can facilitate advancement in enterprise innovation capacity. Lastly, the article merges
existing literature and research fi ndings from both domestic and international sources. It also provides corresponding recommendations and
suggestions for addressing the primary issues faced by Chinese enterprises in innovation development.

Keywords

digital economy; Technological innovation; R & D investment; Innovation ability

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DOI: http://dx.doi.org/10.18686/modern-management-forum.v8i2.12273

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