Corporate Digital Transformation and the Internationalization of R&D

In the context of digital transformation and economic globalization, R&D (research and development) internationalization is essential for enterprises to utilize global resources and achieve technological innovation. This study examines Chinese A-share-listed industrial companies with active overseas R&D from 2010 to 2022 using a Poisson panel fixed-effects model to assess how digital transformation influences R&D internationalization. The findings confirm that digital transformation significantly enhances the depth and breadth of R&D internationalization, even when controlling for endogeneity. The analysis identifies financing constraints and information communication efficiency as key mediators in this process. Additionally, the impact varies by the type of digital technology and the geographical location of the enterprises. This research not only deepens understanding of the link between digital transformation and R&D internationalization but also aids policy formulation for governments and businesses.