Cross-border e-commerce and firm innovation: evidence from a quasi-natural experiment in China
摘要
This study aimed to examine the impact of cross-border e-commerce (CBEC) on firm innovation in China. We employed data from listed firms in China from 2010 to 2020 and used the staggered difference-in-differences method to evaluate the policy shock effect of CBEC in pilot zones. The results showed that CBEC significantly improved firm innovation, with variations depending on firm and industry type. Specifically, CBEC had a stronger positive effect on firm innovation for non-state-owned enterprises and intensely competitive industries. However, the provision of government subsidies weakened the positive relationship between CBEC and firm innovation. We also found that CBEC promoted firm innovation through reducing transaction costs and identifying overseas demand. Moreover, CBEC promoted disruptive innovation rather than incremental innovation owing to the broadened knowledge scope in firms.