With the rapid development of the digital economy and the increasing challenges of digital governance, exploring the impact of digital regulation on corporate digital innovation is of critical importance for promoting the sustainable and healthy development of the digital economy. Using data from Chinese listed companies from 2012 to 2023, this study theoretically analyzes and empirically examines the impact of digital regulation on corporate digital innovation and its underlying mechanisms. The findings reveal that digital regulation significantly promotes corporate digital innovation, with this effect being more pronounced in firms located in provincial capitals, non-high-tech firms, and private enterprises. Mechanism tests indicate that digital regulation fosters corporate digital innovation by strengthening digital intellectual property protection, facilitating data element circulation, and enhancing digital security governance. Further analysis shows that digital regulation drives innovation in digital production/service processes. However, its effect on advancing core technological innovations remains limited. The conclusions provide a valuable reference framework for formulating and improving digital regulation policies and offer important insights for enterprises seeking to advance their digital innovation practices.
| 科 Family | 属数 Number of genus | 种数 Number of species | 占总种数比例 Percentage of total species (%) | 属 Genus | 种数 Number of species | 占总种数比例 Percentage of total species (%) |
|---|---|---|---|---|---|---|
| 鹅膏菌科Amanitaceae | 2 | 11 | 5.26 | 鹅膏菌属 Amanita | 10 | 4.78 |
| 小菇科 Mycenaceae | 2 | 12 | 5.74 | 丝盖伞属 Inocybe | 5 | 2.39 |
| 多孔菌科 Polyporaceae | 8 | 14 | 6.70 | 蜡蘑属 Laccaria | 5 | 2.39 |
| 红菇科 Russulaceae | 3 | 23 | 11.00 | 小皮伞属 Marasmius | 6 | 2.87 |
| 小菇属 Mycena | 11 | 5.26 | ||||
| 光柄菇属 Pluteus | 5 | 2.39 | ||||
| 红菇属 Russula | 17 | 8.13 | ||||
| 栓菌属 Trametes | 5 | 2.39 |