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Loss of Pricing Power for Data Factors, Financial Mismatches, and Corporate Innovation: A Quasi-Natural Experiment Regression Analysis Based on 30 Digital Economy Demonstration Zones

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成果类型:
期刊论文
作者:
Du, Ying;Tong, Jing
通讯作者:
Tong, J
作者机构:
[Tong, Jing; Du, Ying] Cent South Univ Forestry & Technol, Bangor Coll, Changsha 410004, Hunan, Peoples R China.
通讯机构:
[Tong, J ] C
Cent South Univ Forestry & Technol, Bangor Coll, Changsha 410004, Hunan, Peoples R China.
语种:
英文
关键词:
Lack of pricing power for data factors;Fnancial mismatch;Corporate innovation;Digital economy demonstration zone
期刊:
Finance Research Letters
ISSN:
1544-6123
年:
2025
卷:
85
页码:
107900
基金类别:
This work was supported by Hunan Provincial Department of Education “With Dual Carbon Targets Impact of Industrial Structure Rationalization and Upgrading on Well-Being Performance of Carbon Emissions ” (Grant number: 23A0221 ); National Undergraduate Innovation and Entrepreneurship Training Program “From ‘Maoshan Plaster to Agricultural Prosperity’ Exploration of New Models for Industrial Integration E-commerce Platforms and New Paths for Rural Revitalization” (Grant number: none); Teaching
机构署名:
本校为第一且通讯机构
院系归属:
班戈学院
摘要:
This study is based on enterprise panel data from 2014 to 2023 and systematically explores the dynamic relationship between the lack of pricing power for data factors, financial mismatch, and corporate innovation. Through the construction of multidimensional econometric models, the research finds that the absence of pricing power for data factors suppresses corporate innovation; financial mismatch hinders corporate innovation; and the policies of digital economy demonstration zones mitigate the negative impacts of the lack of pricing power and financial mismatch. This study is based on enterpr...

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