Redai dili (Apr 2023)
The Impact of Enterprise Internetization on Innovation Levels of Advanced Manufacturing Enterprises in Guangdong Province: Evidence from Computer, Communication, and other Electronic Equipment Manufacturing Companies
Abstract
Technological innovation is considered an important source of national economic development, but existing studies have found that there are few independent research and development (R&D) activities in Chinese enterprises, and the achievement transformation of R&D investment is still facing great difficulties. As a new technical means, Internetization is regarded as an important driving force for promoting enterprise innovation in the information technology era. However, few empirical studies have conducted detailed analyses of the relationship between Internetization and enterprise innovation, ignoring the fact that Internetization can quickly transfer information. Therefore, based on the invention patent data of listed enterprises in the computer, communication, and other electronic equipment manufacturing industries in Guangdong Province from 2012 to 2020, and dividing Internetization into two types: Information Internetization and Application Internetization, this study analyzes the basic characteristics of enterprise Internetization and its impact mechanism on enterprise innovation in Guangdong Province by using inverse distance weight interpolation, panel regression, intermediary effect, and test and panel quantile models. The results show that Guangzhou and Shenzhen are the main innovation centers in Guangdong Province, of which Shenzhen is the main core and Guangzhou is the sub-core, effectively improving innovation ability in the surrounding areas. Second, the Internetization level of enterprises in Guangdong is increasing annually. Enterprises with high Internetization levels are mainly distributed in the Pearl River Delta. Simultaneously, the information Internetization level of enterprises in Guangdong was generally higher than the application Internetization level. Next, increasing the degree of enterprise Internetization contributes to an increase in innovation output. At different innovation levels, the impact of Internetization on enterprise innovation output shows a "U" shape, and Internetization can improve the innovation level of enterprises by improving the scale and quality of R&D investment, as well as effectively reducing negative externalities. Finally, as a new technical means, the Internet can more effectively promote the optimization of enterprise management structure and improvement of internal communication efficiency, and promote the improvement of innovation efficiency by reducing negative externalities, compared with "informatization" and other means. Simultaneously, the innovation-driving effect of different types of Internetization forms shows different characteristics. The innovation impact of information Internetization is effective, inexpensive, and can improve R&D investment. The cost of Application Internetization is higher, making it more suitable for large enterprises.
Keywords
