Research on the impact of hard technology innovation on the high-quality development of SRDI enterprises: based on the moderating role of digital transformation

Purpose - This paper aims to investigate the relationship linking hard technology innovation with the high-quality development (HDP) of SRDI firms. SRDI firms are typically classified as medium-sized to moderately scaled businesses renowned for their specialized, refinement, differentiation and innovation (SRDI), with a focus on providing exceptional products or services to gain a competitive advantage in specific market segments. These firms are dedicated to expanding market share and enhancing innovation capacities both locally and globally. The research also aims to scrutinize the contextual effects of digital transformation within this framework. Design/methodology/approach - Hard technology innovation consists of three essential components: innovative characteristics, newly developed technology-based intellectual property rights and the volume of R&D initiatives. The evaluation of HDP was performed utilizing the entropy method, with a specific emphasis on assessing value creation and value management capabilities. Subsequently, this study explores the impact of technological innovation on the HDP of firms using a dual-dimension fixed effects model. Findings - Every aspect of hard technology innovation is essential for promoting the HDP of businesses. The digital transformation of businesses exerts a heterogeneous moderating influence in this process. This is evident in the constructive impact on the connection between innovation attributes and the volume of fruitful R&D initiatives, as well as the HDP of firms. Conversely, the moderating effect is deemed insignificant in the association between new technology-based intellectual property and HDP. Originality/value - This research delves deeper into the underlying mechanisms that underlie the promotion of HDP through hard technology innovation, thereby expanding the scope of our exploration on the HDP of SRDI firms. It establishes a theoretical framework and practical directives for achieving enhanced development quality amidst the evolving landscape of digital transformation within firms.