Does digital innovation help firms navigate the COVID-19 pandemic? Evidence from China

IF 5.6 2区 经济学 Q1 BUSINESS, FINANCE Emerging Markets Review Pub Date : 2024-07-14 DOI:10.1016/j.ememar.2024.101171
Hao Huang , Ling Zhao
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Abstract

Using manually collected data, we explore the effects of digital innovation (DI) on firm resilience during the COVID-19 pandemic. The findings show that during the pandemic, firms with high levels of DI performed significantly better than others. This effect was more pronounced for firms with high exposure to COVID-19 or geographically distant supply chains. Further, mechanism analysis finds that DI mitigated the negative impact of COVID-19 by reducing internal coordination costs and improving the speed of external supply chain response. Additional analysis shows that the more firms with strong DI capabilities, the faster the economic recovery after the pandemic.

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数字创新是否有助于企业应对 COVID-19 大流行?来自中国的证据
利用人工收集的数据,我们探讨了数字创新(DI)在 COVID-19 大流行期间对企业复原力的影响。研究结果表明,在大流行病期间,数字创新水平高的企业表现明显优于其他企业。这种效应对于 COVID-19 暴露程度高或供应链地理位置较远的企业更为明显。此外,机制分析发现,直接投资通过降低内部协调成本和提高外部供应链响应速度,减轻了 COVID-19 的负面影响。其他分析表明,具有较强直接投资能力的企业越多,大流行病后的经济复苏就越快。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
7.10
自引率
4.20%
发文量
85
审稿时长
100 days
期刊介绍: The intent of the editors is to consolidate Emerging Markets Review as the premier vehicle for publishing high impact empirical and theoretical studies in emerging markets finance. Preference will be given to comparative studies that take global and regional perspectives, detailed single country studies that address critical policy issues and have significant global and regional implications, and papers that address the interactions of national and international financial architecture. We especially welcome papers that take institutional as well as financial perspectives.
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