The impact of the digital economy on enterprise innovation behavior: Based on CiteSpace knowledge graph analysis

Abstract

IntroductionAs a new trend, the digital economy will promote “digital industrialization” in the process of promoting “industrial digitalization.” It can accelerate technological innovation by adjusting managerial behavior and strategic decisions, promoting and protecting technological research and development, and providing technological infrastructure. While technological innovation, which generally occurs in enterprises, will promote a new round of upgrading, optimization, and even reshaping of the whole industry. The two are highly synergistic. Therefore, it is of great practical significance to study the impact of the digital economy era on enterprise innovation behavior.MethodsWe analyzed the impact of the digital economy era on corporate innovation behavior in the Web of Science database from 2010 to 2020 through bibliometric and scientific knowledge mapping methods.Results and discussionOur study found that: the research on enterprise innovation behavior in the digital economy era has formed eight research directions, such as expertise, human capital FSA, integration in global value chains, financial innovation, fintech, people preference shift, internet of everything, and consumer co-creation. In addition, the research hotspots on enterprise innovation behavior in the digital economy era range from enterprises’ perception of digital economy contact, to enterprises’ familiarity with digital technology and its application, to enterprises’ attempted evolution of digital transformation, reflecting the potential of both theoretical and practical characteristics. Finally, we present an outlook on the future cross-sectional development of research on enterprise innovative behavior in the digital economy era and propose a research trend based on the Chinese context.

The Impact of Digital Economy Development on Industrial Restructuring: Evidence from China

“…Technological innovation caused indirect positive influence of the digital economy is found on the speed of industrial restructuring and industrial structure supererogation and rationalization. These findings are consistent with the findings of existing studies [16,45,47,51].…”

“…The analysis of property rights theory and transaction cost theory from new institutional economics; and the research on changes in innovation subjects, technologies, and behavioral approaches from innovation theory [3]. Yu et al (2023) found that the research on enterprise innovation behavior in the digital economy era has formed eight research directions, such as expertise, human capital FSA, integration in global value chains, financial innovation, fintech, people preference shift, internet of everything, and consumer co-creation [16].…”

“…The new industry, models, and ideas bred by the digital economy, combined with the faster pace of technological updates and shorter technological innovation cycles, will lead to accelerated optimization and upgrading of industries to adapt to the speed of technological development, fundamentally driving the optimization and adjustment of the industrial system [8]. Digital infrastructure, digital industrialization, and industrial digitalization are agreed upon by researchers as major indexes measuring the digital economy [16]. The digital economy leads to faster infrastructure upgrading in traditional industries and several digital infrastructures, thus digitalizing these industries to make industry development more efficient [15].…”

“…Thanks to digital industrialization and industrial digitalization, the digital economy empowers emerging industries, transforms traditional industries, and reshapes basic patterns of industrial structure to upgrade industrial structure [27]. As the foundation and precondition of industrial restructuring, digital industrialization derives from digital technologies; it enables traditional manufacturers to move faster in transforming toward medium-and high-end manufacturing and integrates with the service industry to push forward industrial restructuring [16]. As the focus of the digital economy, industrial digitalization underlines integration between traditional industries and digital technologies, digitally upgrading and transforming the industrial chain's upstream and downstream total factors.…”

The impact of the digital economy on industrial structure upgrading in resource-based cities: Evidence from China

“…The digital economy has profoundly impacted innovation [52]. First, the digital economy provides essential infrastructure and accelerates technological innovation [53]. Knowledge and talent have an essential impact on innovation activities [54].…”