November 11, 2025Journal of Sustainable Competitive IntelligenceOpen Access

The Pilot Program of Digital Transformation for Small and Medium-Sized Enterprises and Corporate R&D Investment: Evidence from China's Listed Companies

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Analysis shows digital transformation boosts R&D funding in China's SMEs, indicating stronger benefits for smaller firms.

Digital transformation significantly increases R&D investment in small and medium-sized enterprises.
The Difference-in-Differences method revealed that smaller firms see stronger effects from digital policies.
The analysis utilized robustness tests and Propensity Score Matching for a comprehensive understanding of policy impacts.
Implications suggest regional variations affect the success of digital transformation efforts on innovation.

Zijun et al. (2025) studied this question.

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