Digital Economy: Challenges and Development Risks

Fogel, A. S.; Kliment’yeva, Svetlana V.

doi:10.1007/978-3-030-83175-2_46

Cited by 1 publication

(1 citation statement)

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“…As a new economy, being a network economy and internet economy, the digital economy takes data resources as the key and modern information network as the carrier, and can effectively promote the optimization of economic structure and improve economic efficiency (Miao, 2021;Liu et al, 2022). The digital economy has received wide attention, and existing literature on the digital economy mainly revolves around its measurement, development trends, influencing factors, and challenges (Popkova and Sergi, 2020;Chen, 2020;Fogel and Kliment'yeva, 2021). Although relevant studies have shown that the digital economy brings difficulties, such as platform monopoly, digital divide, and regulatory difficulties (Aaronson and Leblond, 2018;Han, 2020), it can nonetheless improve the efficiency of production and circulation and promote high-end, intelligent and green traditional industries with the support of a new generation of information technology (Ren et al, 2022).…”

Section: Literature On Digital Economymentioning

confidence: 99%

Do R&D Subsidies Improve Operational Performance? New evidence from China

Zhou¹,

Chen²,

Miao³

et al. 2022

Prague Economic Papers

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The sustainable development of the digital economy has attracted wide attention. To explore how to improve the operational performance of China's digital firms, this paper conducts an influence mechanism model to test the nonlinear effect, heterogeneity effects, and mediation effects using a panel data of China's digital firms from 2008 to 2017. The empirical results indicate that R&D subsidies have an inverted U-shaped effect on operational performance, and these results are still valid after a series of robustness tests. In addition, we find that R&D subsidies have a heterogeneous effect on operational performance in terms of region, company size, governance structure, and executive education background. Moreover, regarding the influence mechanism, R&D subsidies improve operational performance by improving innovation efficiency. This paper proposes some policy implications to improve the operational performance of China's digital firms.

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