| In the era of leapfrog development of the digital economy,its influence on the world’s economy and enterprise innovation is becoming increasingly important.The major industrialized countries not only recognize the importance of digital energy,but also the digital economy of developing countries is gradually becoming a national strategic choice.The 2021 UN Digital Economy Report on Trade and Development shows that the global digital economy is experiencing strong momentum.Thanks to powerful data processing technology,China and the United States have made significant progress in becoming "leaders" in this field.China has successively released the "XIV-5" digital economy development plan,"Made in China 2025" and other policy documents,and the provincial government has also increased its efforts to promote the development of the digital industry,bringing the development of China’s digital economy into a new stage.In the context of digital economy,the main production factors of enterprises are being changed by traditional human and data wealth.Under the influence of digital and information technology,the regional barriers of the traditional factor market have been broken,all links of the supply chain are interconnected through data,and the efficiency of enterprises to provide external resources has been further improved.Cloud computing,artificial intelligence,6G and other innovative technologies continue to be integrated into enterprise production and operation,and more and more enterprises realize innovation performance improvement and quality transformation through digital transformation.However,our company’s innovation ability in core areas and key connections does not meet the requirements of highquality development.In order to promote the faster development of the digital economy,deepen industrial reform and improve the core technological competitiveness of enterprises,it is necessary to study and analyze its impact on the digital economy and enterprise innovation performance.Based on the theory of resource capacity,the paradox of IT productivity,and the theory of economies of scale,this article focuses on exploring the impact of the development level of the digital economy on the innovation performance of enterprises and its pathways.First of all,it analyzes the current situation of China’s digital economy development,formulates indicators to measure the development level of the digital economy,and measures the baseline,convergence,innovation index and overall index at the national level using the index measurement method.Subsequently,this paper will study the influence between the digital economy and enterprise innovation performance,and study the mechanical role played in this relationship by taking R&D investment,human capital and redundant resources as intermediate variables.This paper uses the data of China’s listed company group from 2016 to 2021 to explore the internal mechanism of the impact of digital economy on enterprise innovation performance from multiple perspectives.The results show that the digital economy has greatly promoted the innovation activities of enterprises,and its impact on high-quality disruptive innovation is greater than that on low-quality incremental innovation.The positive impact of the digital economy on the innovation performance of enterprises is heterogeneous in terms of property rights.The development of the digital economy has a greater impact on the innovation performance of non-state-owned enterprises than that of state-owned enterprises.The digital economy has a positive impact on enterprise innovation by increasing the cost of research and development expenditure and optimizing the human structure.Finally,we put forward strategic suggestions based on the empirical results.This article has 3 pictures,16 tables and 120 references... |