IDEAS home Printed from https://ideas.repec.org/a/sae/sagope/v14y2024i3p21582440241271079.html
   My bibliography  Save this article

The Impact of Blockchain Technology Applications on Enterprise Innovation in the Digital Economy Era: An Empirical Test Based on a PSM-DID Model

Author

Listed:
  • Qiu Peiyao
  • Zhang Runze

Abstract

In the era of digital economy, enterprises need to maximize the acquisition and absorption of innovation knowledge with the help of digital technologies. And blockchain technology, as an emerging digital technology with features such as tamper-evident, distributed storage and accounting, has the potential to help enterprises solve the trust risk in a multi-entity environment, and help them acquire and absorb innovative knowledge to gain innovation advantages. Therefore, this paper deeply explores the impact of blockchain technology applications on enterprise innovation and analyzes the mediating effect of knowledge acquisition and absorptive capacity. Based on the data of Chinese A-share listed companies from 2013 to 2020, this paper conducts an empirical test by applying the PSM-DID method. The results of this study find that blockchain technology applications positively promote enterprise innovation. In terms of impact mechanism, this paper illustrates that blockchain technology applications promote enterprise innovation by improving knowledge acquisition and absorptive capacity. Heterogeneity analysis shows that blockchain technology applications have a more significant promoting effect on innovation in private enterprises. This study expands the theoretical research on the relationship between blockchain technology applications and enterprise innovation, which is of certain significance to the development of enterprise digital innovation under the background of digital economy.

Suggested Citation

  • Qiu Peiyao & Zhang Runze, 2024. "The Impact of Blockchain Technology Applications on Enterprise Innovation in the Digital Economy Era: An Empirical Test Based on a PSM-DID Model," SAGE Open, , vol. 14(3), pages 21582440241, August.
    • Handle: RePEc:sae:sagope:v:14:y:2024:i:3:p:21582440241271079
    DOI: 10.1177/21582440241271079
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/21582440241271079
    Download Restriction: no
    File URL: https://libkey.io/10.1177/21582440241271079?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sagope:v:14:y:2024:i:3:p:21582440241271079. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.