金融科技能否促进企业的双向创新能力?组织复原力视角

IF 7.4 2区 经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2024-08-22 DOI:10.1016/j.frl.2024.105994
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引用次数: 0

摘要

在此,我们利用2008年至2022年中国A股上市公司的面板数据,从组织复原力的角度研究了金融科技对企业双向创新能力的影响。我们的研究结果表明,金融科技发展每增加一个单位,企业的探索性创新能力和开发性创新能力就会分别提高 2.9% 和 10.1%。此外,组织复原力会将这些效应分别放大 2.4% 和 2.5%。稳健性检验和异质性分析证实了结果的可靠性,并强调了金融科技对国有企业和非国有企业的不同影响。本研究通过整合基于资源的观点、动态能力框架和制度理论来解释金融科技、组织复原力和双向创新能力之间的关系,为相关文献做出了贡献。研究结果对管理者和政策制定者具有重要启示,强调了积极拥抱金融科技发展、培养组织复原力的重要性,以及在制定政策以促进技术变革中的创新和复原力时,考虑金融科技对国有企业和非国有企业的不同影响的重要性。
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Can FinTech promote enterprises’ ambidextrous innovation capability? Organizational resilience perspective

Herein, we investigate the impact of FinTech on enterprises’ ambidextrous innovation capability from an organizational resilience standpoint, using panel data from Chinese A–share listed companies from 2008 to 2022. Our findings indicate that a one-unit increase in FinTech development results in a 2.9 % and 10.1 % increase in exploratory and exploitative innovation capability, respectively. Furthermore, organizational resilience amplifies these effects by 2.4 % and 2.5 %, respectively. Robustness checks and heterogeneity analysis confirm the results’ reliability and highlight FinTech's differential impact on state-owned enterprises (SOEs) and non-SOEs. The study contributes to the literature by integrating the resource-based view, dynamic capabilities framework, and institutional theory to explain the relation between FinTech, organizational resilience, and ambidextrous innovation capability. The findings have important implications for managers and policymakers, emphasizing the importance of actively embracing FinTech development, nurturing organizational resilience, and considering the differential impact of FinTech on SOEs and non-SOEs when developing policies to promote innovation and resilience in the face of technological change.

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来源期刊
Finance Research Letters
Finance Research Letters BUSINESS, FINANCE-
CiteScore
11.10
自引率
14.40%
发文量
863
期刊介绍: Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance
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