Data elements and innovation in manufacturing corporates

With the continuous advancement of the scientific and technological revolution, the digital economy has widely affected all walks of life with the help of "Internet +". This paper focuses on analyzing the impact of the digital economy era on enterprise management and the problems faced by enterprises, and proposes methods and countermeasures for enterprises to carry out digital management transformation in three aspects: establishing digital management strategies, accelerating digital application and infrastructure construction, and cultivating digital management talents. Accelerate the entry into modern management and provide ideas for sustainable development. The digital economy is a new economic form produced with the modern information network as the carrier with the development of the scientific and technological revolution. With the development of society, the wide application and coverage of the Internet, and the impact of the new crown epidemic, the era of digital economy has accelerated. In the era of digital economy, the traditional enterprise management model is difficult to adapt to the current new business format. The digital economy is both a challenge and an opportunity for enterprises. To adapt to the impact of the digital economy, establish a digital management thinking, expand the application of digital technology in enterprise management, improve enterprise management efficiency, and find more development opportunities in the wave of the digital economy. It has become an inevitable choice in the process of enterprise management optimization.

The development of science and technology and economy has pushed the world into a new era of digital economy. As a key factor of production, data flows frequently in the field of international investment because of its property attributes and investment value, which indicates the trend of transnational investment in the future. For multinational investors who intend to invest in data assets, the first issue to be considered is whether data assets can become eligible investment and be protected by existing international investment entity rules and procedural rules. However, there is still ambiguity in the identification of data investment eligibility in existing investment treaties and practices. As a big country of data resources, China should actively embrace the new era of digital economy and support digital economy enterprises to make rational use of international investment arbitration system to safeguard their rights and interests when dealing with investment disputes. At the same time, we should seize the opportunity of rule-making, promote the revision of the definition of investment in bilateral investment agreements while improving domestic investment and digital legislation, and provide legal protection for accelerating China’s digital economy foreign investment cooperation.

Since the modern world has entered into the era of the digital economy, both government departments and enterprises in the general background of the popularization of information technology must figure out how to change the management mode in order to adapt to the new social and economic environments. This will make it easier for agencies to serve the public while also giving businesses an advantage over rivals. Sound financial management is one of the most effective means to encourage an enterprise’s continued development. Financial management that supports social development can further boost an organization’s competitiveness and efficiency, putting it above other organizations of a similar nature in the social development marketplace. Now there are still some enterprises that do not understand the significance of enterprise financial management transformation and do not realize that financial management in the digital economy era must be transformed from the traditional management mode to adapt to the transformation of the digital economy era. This paper first provides a brief explanation of the fundamental concept behind the digital economy, then examines the significance of financial transformation, follows by a third analysis of the issues with conventional financial management problems, and offers several practical approaches to enterprise financial transformation.

In the era of digital economy, due to the lack of mature and effective data access regulations in our country, the large-scale scraping and utilization of corporate public data have led to a severe expansion of criminal liability. To balance corporate data control and circulation, this can be approached by focusing on the legal interests protected by data crime legislation, shifting the legal interests safeguarded by criminal law from "data confidentiality" to "data utilization security", thereby assigning new connotations to the legal interest of "data security" in the digital economy. The criminal regulation of corporate data scraping should establish a "permission-centric" data access framework, decriminalizing non-malicious scraping of corporate public data to align with the developmental needs of the digital economy.

IntroductionAs a new trend, the digital economy will promote “digital industrialization” in the process of promoting “industrial digitalization.” It can accelerate technological innovation by adjusting managerial behavior and strategic decisions, promoting and protecting technological research and development, and providing technological infrastructure. While technological innovation, which generally occurs in enterprises, will promote a new round of upgrading, optimization, and even reshaping of the whole industry. The two are highly synergistic. Therefore, it is of great practical significance to study the impact of the digital economy era on enterprise innovation behavior.MethodsWe analyzed the impact of the digital economy era on corporate innovation behavior in the Web of Science database from 2010 to 2020 through bibliometric and scientific knowledge mapping methods.Results and discussionOur study found that: the research on enterprise innovation behavior in the digital economy era has formed eight research directions, such as expertise, human capital FSA, integration in global value chains, financial innovation, fintech, people preference shift, internet of everything, and consumer co-creation. In addition, the research hotspots on enterprise innovation behavior in the digital economy era range from enterprises’ perception of digital economy contact, to enterprises’ familiarity with digital technology and its application, to enterprises’ attempted evolution of digital transformation, reflecting the potential of both theoretical and practical characteristics. Finally, we present an outlook on the future cross-sectional development of research on enterprise innovative behavior in the digital economy era and propose a research trend based on the Chinese context.

PurposeAccording to reputation theory, enterprises that adopt a proactive approach to corporate social responsibility (CSR) are known to actively invest in corporate innovation. However, this theory does not fully explain the mechanisms through which CSR influences corporate innovation, nor does it address how to effectively amplify CSR’s positive impact on innovation. To overcome these limitations, this research aims to incorporate the theories of innovation investment and dynamic capabilities. Innovation investment theory elucidates how CSR can attract additional financing, which can be directed toward innovation activities. Meanwhile, dynamic capabilities theory highlights how digital transformation in enterprises can enhance the positive effects of CSR on innovation, providing insights from both theoretical and empirical perspectives.Design/methodology/approachTo demonstrate the mediating role of debt financing costs and the moderating role of enterprise digital transformation in the mechanism of CSR on corporate innovation, this research conducts fixes effects models by collecting 27,912 data points from 3,775A-share China-listed enterprises, ranging in period from 2010 to 2020. Empirical research once again proves that the theories of innovation investment and dynamic capabilities effectively compensates for the shortcomings of reputation theory. These three theories effectively explain that what is the effect of CSR on enterprise innovation? How does CSR influence corporate innovation? And through what mechanisms can CSR better enhance corporate innovation?FindingsAccording to innovation investment theory, the cost of debt financing mediates the positive relationship between CSR and corporate innovation. This occurs because enterprises with robust CSR practices are more likely to secure external funding, thereby reducing their costs associated with external debt financing. Lower debt financing costs provide a stable source of funds for corporate innovation. Additionally, dynamic capability theory suggests that enterprise digital transformation moderates the positive relationship between CSR and corporate innovation. Building on these insights, it is recommended that enterprises, especially state-owned ones, should prioritize technological innovation to enhance their competitiveness.Research limitations/implicationsThis research aims to address and narrow the knowledge gap regarding the relation between CSR and corporate innovation through theoretical and empirical analyses. With respect to the influence mechanism, this research solely based on innovation investment theory and dynamic capabilities theory, focuses on the influence mechanism of CSR on corporate innovation, with the debt financing costs as the mediating variable and digital transformation as the moderating variable. However, the influence mechanism turns out to be complicated and there is room for further exploring numerous mechanisms. For example, future research can focus on identifying additional channels through which CSR exerts an influence on corporate innovation based on TOE theoretical framework.Practical implicationsThis research presents several strategies to enhance corporate innovation based on its conclusions: First, enterprises should promptly publish social responsibility reports to build a positive industry reputation. Moreover, by actively participating in CSR activities, they can strengthen their networks and enhance their industry standing. Second, the significant mediating role of debt financing costs should not be ignored. Enterprises are encouraged to seek diverse financing channels to reduce financial pressures, address financing challenges and facilitate the coordinated development of CSR and innovation. Third, enterprise digital transformation significantly affects the impact of CSR on innovation. Therefore, enterprises should advance digital transformation initiatives that incorporate technological innovation, organizational improvements and integration with supply chain partners. Finally, it has been noted that state-owned enterprises are often less responsive to technological innovation than their non-state counterparts. SOEs could redefine the scope and priorities of their social responsibilities to prevent excessive resource consumption that could hinder innovation. For instance, integrating some of their social responsibilities with innovation projects could promote both social and technological innovation objectives. Additionally, the government could ensure fair resource distribution among different types of enterprises and provide an equitable financing platform to mitigate financial challenges for both state-owned and non-state-owned enterprises.Originality/valueReputation theory does not fully elucidate the mechanisms by which CSR influences corporate innovation or how to effectively enhance CSR’s positive impact on innovation. This research integrates the theories of innovation investment and dynamic capabilities to address these gaps. According to innovation investment theory, debt financing costs mediate the positive relationship between CSR and corporate innovation. Meanwhile, dynamic capabilities theory posits that enterprise digital transformation moderates this positive relationship, further strengthening the impact of CSR on innovation.

The adequacy of digital literacy (DL) among entrepreneurs can trigger the birth of readiness and ability to carry out digital transformation (DT) in relevant business processes and models in the digital economy era to improve entrepreneurial performance with better competitiveness. Also the existence of an entrepreneurial commitment to market orientation (MO) will facilitate business success. This research identifies and explores entrepreneurial performance (EP) models in the digital economy era in terms of DT, DL and MO mediation. The path analysis model was used to test the combined interaction of DT and DL with EP, and the MO relationship that mediates all three. The findings, DT and DL had a significant positive effect on MO both individually and jointly. DT directly has a significant positive effect on EP, also DL directly has a significant positive effect on EP. Sobel test results, it is known that DT has an insignificant positive effect on EP through MO, while DL has a significant positive effect on EP through MO. MO has the mediating effect of DT and DL relationships in influencing EP, consequently MO has a positive impact on EP. This research offers a framework for the performance model of entrepreneurship in a business perspective in the era of the digital economy. The adoption and modification of marketing mix factors into new marketing mix models is necessary to support the implementation of strategies and practices. An exploration of the influence of innovative new marketing mix models on DT practices, DL readiness and MO clarity in the context of entrepreneurship, as well as their implications for business performance, can be considered as future research directions.

The purpose of the article is to analyze new challenges, underlying transformations and recent trends in the Russian labour market towards more training and employment in the era of digital economy. The novelty value of the current research lies in defining major determinants of the Russian job market development and in identifying the levers to combat unemployment and train competitive and initiative economists and financiers capable of generating innovative ideas, solving problems creatively, working in multicultural teams and using state-of-the-art technologies. On the basis of the application of the integrated approach to the evaluation of the Russian labour market and its latest trends, the sociological survey was carried out among future bachelors majoring in Economics and Finance at the Financial University under the Government of the Russian Federation. The conclusions were drawn on the necessity to make university training more adaptable to the labor market and changing economic conditions. Modern higher educational institutions can provide a set of stimulating resources that could help realize students’ full potential, give them the edge over other employees and help them succeed in achieving their professional goals.

With the rapid development of digital economy, the wide application of information technology is reshaping the operation mode and management structure of enterprises. At the heart of the digital economy is data-driven decision making, intelligent management, and networked collaboration, which provide unprecedented opportunities and challenges for enterprises. By combining the successful cases of specific enterprises, this paper aims to provide practical strategies for business managers to help them better adapt to the rapid changes of the digital economy and improve management efficiency and decision-making ability. Finally, this paper hopes to provide a new perspective and thinking for the future scientific management research in the era of digital economy.

Digital technology is profoundly altering the landscape of international trade. This study examines the evolution and new trends of international trade theory in the digital economy era. The research first reviews the development trajectory from comparative advantage theory to new trade theory, pointing out that traditional theories are insufficient in fully explaining digital trade phenomena. Subsequently, it analyzes the impact of the digital economy on international trade, including the reduction of transaction costs, the promotion of trade in services, and the reshaping of global value chains. The study finds that data flows, platform economies, and digital service trade have become new research foci, giving rise to a series of new theories. These theories emphasize the importance of data as a factor of production and the role of network effects in international competition. However, digital trade also brings new challenges, such as data privacy protection and the digital divide. In response to these challenges, the study proposes policy recommendations for building an inclusive digital trade system. Finally, it outlines future directions for international trade theory research, including frontier issues such as the impact of artificial intelligence on comparative advantage. This study provides a theoretical foundation for understanding and addressing the new patterns of international trade in the digital economy era.

The purpose of this paper is to study the multidimensional computational optimization problem of enterprise organization structure.Based on the value dimension, this paper designs a kind of enterprise organizational structure which contains six dimensions such as demand de inition, sales and so on.And the optimization model of enterprise organizational structure is studied by taking a demand-pull enterprise as an example.In the iterative process of the algorithm, the particle swarm optimization (PSO) algorithm and ant colony optimization (ACO) algorithm are run alternately to form the PSACO algorithm to solve the optimization model of enterprise organizational structure constructed in this paper.The experimental results show that the PSACO algorithm used in this paper can maintain stable and good convergence performance under different demand sizes.The enterprise organizational structure optimization model and solving algorithm in this paper can achieve ideal resource allocation scheme and effect, and can still achieve good solving effect in large-scale enterprise organizational structure optimization adjustment.It provides good decision support for the optimization and improvement of enterprise organizational structure in the era of digital economy, and has important application value.

Inclusive green growth is an effective strategy for achieving sustainable development in rural areas. In the digital economy era, it is crucial to examine whether rural digital development and inclusive green growth can be harmoniously integrated. This study investigates the spatial and temporal evolution of the coupled coordination between digital village construction and rural inclusive green growth in China. Utilizing panel data from 30 provinces from 2011 to 2022, we assess development levels using the entropy weighting method and analyze interdependencies with a coupling coordination model. The results indicate an upward trend in coupling coordination, with significant regional disparities, and it is slowly taking on the characteristics of spatial clustering. Economically advanced regions exhibit higher coordination levels, attributed to stronger economic foundations and better fiscal resources, enabling effective investments in digital infrastructure and green growth initiatives. Additionally, factors such as urbanization rate, innovation levels, reduction in natural disasters, increased financial support for agriculture, and improved large-scale operations positively contribute to this coordination. These findings offer insights for targeted regional development strategies, enhancing the synergy between digital transformation and sustainable rural development.

ESG is a hot topic at home and abroad in recent years. In view of the transformation of modern digital economy and the development of artificial intelligence, the transformation and development of the company have become more important. With the rapid development of digital economy and the increasing popularity of ESG concept, enterprises are facing unprecedented opportunities and challenges. Through literature review and case analysis, aiming at the hot topic of ESG and the background of digital economy transformation, this paper discusses the trend of integration of digital economy and ESG, ESG's impact on corporate transformation and development in the digital economy era, and its impact on corporate transformation in financial management, internal systems and strategic development, etc., to study the development strategies and prospects of domestic and foreign enterprises. The research results show that ESG has become an important driving force to promote the transformation of enterprises under the background of digital economy. Companies need to integrate ESG principles into their digital strategies, leverage new technologies to optimize ESG performance, and focus on data governance and sustainability. At the same time, more domestic and foreign researches now take ESG's research on enterprise development and ESG as a separate research, together with some models and specific analysis of ESG, such as importance, etc., and less comprehensive description of the era background of digital economy transformation, comparative analysis of the relationship between digital economy, ESG and corporate transformation development (among which transformation development also includes financial management transformation, internal system improvement, corporate strategy change, etc.), so this research provides theoretical basis and practical guidance for enterprises to realize comprehensive transformation under the new situation.

Teaching content and methods of financial courses offered by our school are outdated, and the teaching quality is difficult to improve. With the in-depth development of the digital economy, development of information technologies such as the digital economy, artificial intelligence, and the Internet of Things has promoted the improvement of the efficiency of the financial industry, which has put new requirements and challenges for financial courses. In the era of the digital economy, financial courses need to strengthen innovation and reform, and cultivate talents with professional financial literacy and analysis capabilities. This article is based on the background of the digital economy, and analyzes the current situation and prominent problems of financial course teaching in the era of the digital from the perspectives of textbook updates, teaching content, teaching staff, and teaching resources. The methods of teaching innovation and teaching reform in the era of the digital economy are by integrating the background of the digital economy, aiming at improving the teaching effectiveness of financial courses in the era of the digital economy and the professional skills of students.

Empirical work on the causes and effects of inventive activity has had difficulty in finding measures that can indicate when and where changes in either inventive inputs or inventive output have occurred. The recent computerization of the U.S. Patent Office's data base may prove helpful in this context, but there is the problem that a priori we do not know the relationships between patent applications and economically meaningful measures of these inputs and outputs. To help solve this problem, this paper investigates the dynamic relationships among the number of successful patent applications of firms, a measure of the firm's investment in inventive activity (its R & D expenditures),\tand an indicator of its inventive output (the stock market value of the firm).