The Impact of Corporate Digital Technology Innovation on the Development of New Quality Productivity in Local Economies

Abstract

Abstract: Against the backdrop of deep integration between the real economy and the digital economy, digital technology innovation serves as a crucial driving force for the development of new quality productive forces. This paper examines the impact of enterprise digital technology innovation on local new quality productive forces and its underlying mechanisms, using a sample of listed companies on the Shanghai and Shenzhen Main Boards from 2015 to 2021. The empirical findings reveal that: (1) Enterprise digital technology innovation significantly promotes the enhancement of local new quality productive forces, a result further validated by robustness tests; (2) This promoting effect is realized through the optimization of human capital structure, improvement of investment efficiency, and advancement of high-quality enterprise development; (3) The promoting effect is inhibited in highly labor-intensive enterprises, amplified in regions with a developed digital economy, yet insignificant in less developed western regions and areas with lower levels of intellectual property protection. This study provides a new perspective for understanding how micro-level enterprise innovation improves local economic endowments and offers empirical support for advancing new quality productive forces.

Key words: digital technology innovation, new quality productivity, human capital structure, investment efficiency, high-quality corporate development

Chen Rongda, Zhai Jiajun, Zhang Shuonan, Tao Kerun, Zhang Youbin. The Impact of Corporate Digital Technology Innovation on the Development of New Quality Productivity in Local Economies[J]. Management Review, 2025, 37(11): 15-26.

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