A study on digital finance's impact on regional innovation ecosystem resilience

With the rapid development of digital finance, the impact of digital finance on the Regional Innovation Ecosystem Resilience (RIER) is becoming increasingly scrutinized. The primary objective of this study is to conduct an analysis of the influence of digital finance on the RIER. Based on the construction of indicators of China's interprovincial RIER, the empirical research utilizes panel data from thirty provinces covering the period from 2014 to 2023, with the use of a fixed-effects model. According to the findings of the study, there is a considerable positive association between RIER and digital finance. In addition, the influence of digital finance on the RIER demonstrates a clear regional heterogeneity, with digital finance’s development in the eastern region having a greater impact on the RIER than in other regions. The findings presented above are important for understanding the development of digital finance in regional innovation ecosystems and establishing related policies. Additionally, they provide new perspectives and potential approaches to enhance the RIER.