{"title":"Digital technology and innovation:The impact of blockchain application on enterprise innovation","authors":"Zhaochen Li , Zimu Xu","doi":"10.1016/j.technovation.2024.103136","DOIUrl":null,"url":null,"abstract":"<div><div>Blockchain as a frontier digital technology provides new opportunities for innovation. This paper builds a theoretical framework utilizing the Resource-Based View (RBV), and empirically examines the impact of blockchain application on enterprise innovation, based on panel data from Chinese listed companies spanning from 2007 to 2020. This paper finds that the adoption of blockchain applications significantly promotes enterprise innovation, through mechanisms of improving operational efficiency and expanding operational scope. With regard to contextuality, the positive effect of blockchain applications on innovation is more pronounced in enterprises with higher levels of technological and capital accumulation. With regard to temporality, innovation at faster paces can better realise the benefits of blockchain applications. This paper provides robust empirical evidence derived from a large sample, thereby enhancing our understanding of this dynamic relationship and suggesting directions for future research.</div></div>","PeriodicalId":49444,"journal":{"name":"Technovation","volume":"139 ","pages":"Article 103136"},"PeriodicalIF":11.1000,"publicationDate":"2024-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Technovation","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S016649722400186X","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENGINEERING, INDUSTRIAL","Score":null,"Total":0}
引用次数: 0
Abstract
Blockchain as a frontier digital technology provides new opportunities for innovation. This paper builds a theoretical framework utilizing the Resource-Based View (RBV), and empirically examines the impact of blockchain application on enterprise innovation, based on panel data from Chinese listed companies spanning from 2007 to 2020. This paper finds that the adoption of blockchain applications significantly promotes enterprise innovation, through mechanisms of improving operational efficiency and expanding operational scope. With regard to contextuality, the positive effect of blockchain applications on innovation is more pronounced in enterprises with higher levels of technological and capital accumulation. With regard to temporality, innovation at faster paces can better realise the benefits of blockchain applications. This paper provides robust empirical evidence derived from a large sample, thereby enhancing our understanding of this dynamic relationship and suggesting directions for future research.
期刊介绍：
The interdisciplinary journal Technovation covers various aspects of technological innovation, exploring processes, products, and social impacts. It examines innovation in both process and product realms, including social innovations like regulatory frameworks and non-economic benefits. Topics range from emerging trends and capital for development to managing technology-intensive ventures and innovation in organizations of different sizes. It also discusses organizational structures, investment strategies for science and technology enterprises, and the roles of technological innovators. Additionally, it addresses technology transfer between developing countries and innovation across enterprise, political, and economic systems.
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