Research on Digital Finance, Strategic Aggressiveness and Technological Innovation of Manufacturing Enterprises

Suning Zhang

doi:10.47297/wspeiWSP2516-253514.20261003

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Research on Digital Finance, Strategic Aggressiveness and Technological Innovation of Manufacturing Enterprises

Volume 10, Issue 3

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Research on Digital Finance, Strategic Aggressiveness and Technological Innovation of Manufacturing Enterprises
Research on Digital Finance, Strategic Aggressiveness and Technological Innovation of Manufacturing Enterprises
Henan Ruibai New Materials Co., LTD, Shangqiu, Henan, 476600, China
Vol. 10, Issue 3, Pages: 71-77(2026)
Online First：13 August 2026，

Published：30 June 2026
DOI：10.47297/wspeiWSP2516-253514.20261003
Accepted：

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Zhang Suning.Research on Digital Finance, Strategic Aggressiveness and Technological Innovation of Manufacturing Enterprises[J].Entrepreneurship and Innovation,2026,10(03):71-77.
DOI：

Zhang Suning.Research on Digital Finance, Strategic Aggressiveness and Technological Innovation of Manufacturing Enterprises[J].Entrepreneurship and Innovation,2026,10(03):71-77. DOI： 10.47297/wspeiWSP2516-253514.20261003.

摘要

Abstract

The development of digital finance creates a new approach for manufacturing enterprises to break through financing constraints and enhance innovation capabilities. Using China's A-share listed manufacturing companies from 2012 to 2025 as research samples

this paper explores the impact of digital finance on corporate technological innovation and further examines the mediating role of strategic aggressiveness. The empirical results show that digital finance significantly promotes technological innovation in manufacturing enterprises and improves firms' strategic aggressiveness. Strategic aggressiveness also exerts a positive effect on technological innovation and plays a partial mediating role in the relationship between digital finance and corporate technological innovation. The findings indicate that digital finance can drive technological innovation not only directly

but also indirectly by influencing corporate strategic decisions to improve innovation performance. This study enriches the research on the nexus between digital finance and corporate innovation

and provides empirical evidence for advancing the high-quality development of the manufacturing industry.

关键词

Keywords

references

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