id	sid	tid	token	lemma	pos
easat-9655	1	1	edelweiss	edelweiss	PROPN
easat-9655	1	2	applied	apply	VERB
easat-9655	1	3	science	science	NOUN
easat-9655	1	4	and	and	CCONJ
easat-9655	1	5	technology	technology	NOUN
easat-9655	1	6	issn	issn	PROPN
easat-9655	1	7	:	:	PUNCT
easat-9655	1	8	2576	2576	NUM
easat-9655	1	9	-	-	SYM
easat-9655	1	10	8484	8484	NUM
easat-9655	1	11	vol	vol	NOUN
easat-9655	1	12	.	.	PROPN
easat-9655	2	1	9	9	NUM
easat-9655	2	2	,	,	PUNCT
easat-9655	2	3	no	no	INTJ
easat-9655	2	4	.	.	NOUN
easat-9655	2	5	8	8	NUM
easat-9655	2	6	,	,	PUNCT
easat-9655	2	7	1580	1580	NUM
easat-9655	2	8	-	-	SYM
easat-9655	2	9	1595	1595	NUM
easat-9655	2	10	2025	2025	NUM
easat-9655	2	11	publisher	publisher	NOUN
easat-9655	2	12	:	:	PUNCT
easat-9655	2	13	learning	learn	VERB
easat-9655	2	14	gate	gate	NOUN
easat-9655	2	15	doi	doi	PROPN
easat-9655	2	16	:	:	PUNCT
easat-9655	2	17	10.55214/2576	10.55214/2576	NUM
easat-9655	2	18	-	-	PUNCT
easat-9655	2	19	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	3	1	©	©	ADP
easat-9655	3	2	2025	2025	NUM
easat-9655	3	3	by	by	ADP
easat-9655	3	4	the	the	DET
easat-9655	3	5	authors	author	NOUN
easat-9655	3	6	;	;	PUNCT
easat-9655	3	7	licensee	licensee	PROPN
easat-9655	3	8	learning	learning	NOUN
easat-9655	3	9	gate	gate	NOUN
easat-9655	3	10	©	©	PROPN
easat-9655	3	11	2025	2025	NUM
easat-9655	3	12	by	by	ADP
easat-9655	3	13	the	the	DET
easat-9655	3	14	authors	author	NOUN
easat-9655	3	15	;	;	PUNCT
easat-9655	3	16	licensee	licensee	PROPN
easat-9655	3	17	learning	learning	NOUN
easat-9655	3	18	gate	gate	NOUN
easat-9655	3	19	history	history	NOUN
easat-9655	3	20	:	:	PUNCT
easat-9655	3	21	received	receive	VERB
easat-9655	3	22	:	:	PUNCT
easat-9655	3	23	18	18	NUM
easat-9655	3	24	june	june	PROPN
easat-9655	3	25	2025	2025	NUM
easat-9655	3	26	;	;	PUNCT
easat-9655	3	27	revised	revise	VERB
easat-9655	3	28	:	:	PUNCT
easat-9655	3	29	5	5	NUM
easat-9655	3	30	august	august	PROPN
easat-9655	3	31	2025	2025	NUM
easat-9655	3	32	;	;	PUNCT
easat-9655	3	33	accepted	accept	VERB
easat-9655	3	34	:	:	PUNCT
easat-9655	3	35	8	8	NUM
easat-9655	3	36	august	august	PROPN
easat-9655	3	37	2025	2025	NUM
easat-9655	3	38	;	;	PUNCT
easat-9655	3	39	published	publish	VERB
easat-9655	3	40	:	:	PUNCT
easat-9655	3	41	26	26	NUM
easat-9655	3	42	august	august	PROPN
easat-9655	3	43	2025	2025	NUM
easat-9655	3	44	*	*	PUNCT
easat-9655	3	45	correspondence	correspondence	NOUN
easat-9655	3	46	:	:	PUNCT
easat-9655	3	47	13273714631@163.com	13273714631@163.com	NUM
easat-9655	3	48	corporate	corporate	ADJ
easat-9655	3	49	innovation	innovation	NOUN
easat-9655	3	50	strategy	strategy	NOUN
easat-9655	3	51	and	and	CCONJ
easat-9655	3	52	performance	performance	NOUN
easat-9655	3	53	improvement	improvement	NOUN
easat-9655	3	54	an	an	DET
easat-9655	3	55	empirical	empirical	ADJ
easat-9655	3	56	analysis	analysis	NOUN
easat-9655	3	57	based	base	VERB
easat-9655	3	58	on	on	ADP
easat-9655	3	59	the	the	DET
easat-9655	3	60	digital	digital	ADJ
easat-9655	3	61	era	era	NOUN
easat-9655	3	62	xinhua	xinhua	PROPN
easat-9655	3	63	duan1	duan1	PROPN
easat-9655	3	64	*	*	PROPN
easat-9655	3	65	,	,	PUNCT
easat-9655	3	66	sheng	sheng	PROPN
easat-9655	3	67	li2	li2	PROPN
easat-9655	3	68	1binary	1binary	NUM
easat-9655	3	69	graduate	graduate	NOUN
easat-9655	3	70	school	school	NOUN
easat-9655	3	71	,	,	PUNCT
easat-9655	3	72	ioi	ioi	VERB
easat-9655	3	73	business	business	NOUN
easat-9655	3	74	park	park	NOUN
easat-9655	3	75	,	,	PUNCT
easat-9655	3	76	no	no	INTJ
easat-9655	3	77	.	.	NOUN
easat-9655	3	78	1	1	NUM
easat-9655	3	79	,	,	PUNCT
easat-9655	3	80	47100	47100	NUM
easat-9655	3	81	puchong	puchong	PROPN
easat-9655	3	82	,	,	PUNCT
easat-9655	3	83	selangor	selangor	PROPN
easat-9655	3	84	,	,	PUNCT
easat-9655	3	85	malaysia	malaysia	PROPN
easat-9655	3	86	;	;	PUNCT
easat-9655	4	1	13273714631@163.com	13273714631@163.com	NUM
easat-9655	4	2	(	(	PUNCT
easat-9655	4	3	x.d	x.d	PROPN
easat-9655	4	4	.	.	PROPN
easat-9655	4	5	)	)	PUNCT
easat-9655	5	1	17737126757@163.com	17737126757@163.com	NUM
easat-9655	6	1	(	(	PUNCT
easat-9655	6	2	s.l	s.l	PROPN
easat-9655	6	3	.	.	PROPN
easat-9655	6	4	)	)	PUNCT
easat-9655	6	5	.	.	PUNCT
easat-9655	7	1	abstract	abstract	ADV
easat-9655	7	2	:	:	PUNCT
easat-9655	7	3	in	in	ADP
easat-9655	7	4	the	the	DET
easat-9655	7	5	context	context	NOUN
easat-9655	7	6	of	of	ADP
easat-9655	7	7	a	a	DET
easat-9655	7	8	rapidly	rapidly	ADV
easat-9655	7	9	changing	change	VERB
easat-9655	7	10	global	global	ADJ
easat-9655	7	11	business	business	NOUN
easat-9655	7	12	environment	environment	NOUN
easat-9655	7	13	,	,	PUNCT
easat-9655	7	14	innovation	innovation	NOUN
easat-9655	7	15	has	have	AUX
easat-9655	7	16	become	become	VERB
easat-9655	7	17	a	a	DET
easat-9655	7	18	crucial	crucial	ADJ
easat-9655	7	19	driver	driver	NOUN
easat-9655	7	20	of	of	ADP
easat-9655	7	21	sustainable	sustainable	ADJ
easat-9655	7	22	growth	growth	NOUN
easat-9655	7	23	and	and	CCONJ
easat-9655	7	24	competitive	competitive	ADJ
easat-9655	7	25	advantage	advantage	NOUN
easat-9655	7	26	for	for	ADP
easat-9655	7	27	enterprises	enterprise	NOUN
easat-9655	7	28	.	.	PUNCT
easat-9655	8	1	with	with	ADP
easat-9655	8	2	the	the	DET
easat-9655	8	3	widespread	widespread	ADJ
easat-9655	8	4	application	application	NOUN
easat-9655	8	5	of	of	ADP
easat-9655	8	6	digital	digital	ADJ
easat-9655	8	7	technology	technology	NOUN
easat-9655	8	8	,	,	PUNCT
easat-9655	8	9	understanding	understand	VERB
easat-9655	8	10	how	how	SCONJ
easat-9655	8	11	companies	company	NOUN
easat-9655	8	12	can	can	AUX
easat-9655	8	13	enhance	enhance	VERB
easat-9655	8	14	their	their	PRON
easat-9655	8	15	performance	performance	NOUN
easat-9655	8	16	through	through	ADP
easat-9655	8	17	innovation	innovation	NOUN
easat-9655	8	18	strategies	strategy	NOUN
easat-9655	8	19	has	have	AUX
easat-9655	8	20	become	become	VERB
easat-9655	8	21	an	an	DET
easat-9655	8	22	important	important	ADJ
easat-9655	8	23	area	area	NOUN
easat-9655	8	24	of	of	ADP
easat-9655	8	25	research	research	NOUN
easat-9655	8	26	.	.	PUNCT
easat-9655	9	1	the	the	DET
easat-9655	9	2	study	study	NOUN
easat-9655	9	3	reveals	reveal	VERB
easat-9655	9	4	that	that	SCONJ
easat-9655	9	5	(	(	PUNCT
easat-9655	9	6	1	1	X
easat-9655	9	7	)	)	PUNCT
easat-9655	9	8	innovation	innovation	NOUN
easat-9655	9	9	strategy	strategy	NOUN
easat-9655	9	10	has	have	VERB
easat-9655	9	11	a	a	DET
easat-9655	9	12	significant	significant	ADJ
easat-9655	9	13	positive	positive	ADJ
easat-9655	9	14	impact	impact	NOUN
easat-9655	9	15	on	on	ADP
easat-9655	9	16	firm	firm	ADJ
easat-9655	9	17	performance	performance	NOUN
easat-9655	9	18	,	,	PUNCT
easat-9655	9	19	and	and	CCONJ
easat-9655	9	20	that	that	SCONJ
easat-9655	9	21	increased	increase	VERB
easat-9655	9	22	r&d	r&d	NOUN
easat-9655	9	23	investment	investment	NOUN
easat-9655	9	24	and	and	CCONJ
easat-9655	9	25	the	the	DET
easat-9655	9	26	promotion	promotion	NOUN
easat-9655	9	27	of	of	ADP
easat-9655	9	28	management	management	NOUN
easat-9655	9	29	innovation	innovation	NOUN
easat-9655	9	30	contribute	contribute	VERB
easat-9655	9	31	to	to	ADP
easat-9655	9	32	improved	improved	ADJ
easat-9655	9	33	profitability	profitability	NOUN
easat-9655	9	34	;	;	PUNCT
easat-9655	9	35	(	(	PUNCT
easat-9655	9	36	2	2	X
easat-9655	9	37	)	)	PUNCT
easat-9655	9	38	digital	digital	ADJ
easat-9655	9	39	technology	technology	NOUN
easat-9655	9	40	plays	play	VERB
easat-9655	9	41	a	a	DET
easat-9655	9	42	positive	positive	ADJ
easat-9655	9	43	moderating	moderate	VERB
easat-9655	9	44	role	role	NOUN
easat-9655	9	45	between	between	ADP
easat-9655	9	46	innovation	innovation	NOUN
easat-9655	9	47	strategy	strategy	NOUN
easat-9655	9	48	and	and	CCONJ
easat-9655	9	49	firm	firm	ADJ
easat-9655	9	50	performance	performance	NOUN
easat-9655	9	51	,	,	PUNCT
easat-9655	9	52	with	with	ADP
easat-9655	9	53	firms	firm	NOUN
easat-9655	9	54	experiencing	experience	VERB
easat-9655	9	55	higher	high	ADJ
easat-9655	9	56	returns	return	NOUN
easat-9655	9	57	on	on	ADP
easat-9655	9	58	innovation	innovation	NOUN
easat-9655	9	59	investments	investment	NOUN
easat-9655	9	60	after	after	ADP
easat-9655	9	61	adopting	adopt	VERB
easat-9655	9	62	digital	digital	ADJ
easat-9655	9	63	tools	tool	NOUN
easat-9655	9	64	;	;	PUNCT
easat-9655	9	65	and	and	CCONJ
easat-9655	9	66	(	(	PUNCT
easat-9655	9	67	3	3	X
easat-9655	9	68	)	)	PUNCT
easat-9655	9	69	the	the	DET
easat-9655	9	70	industrial	industrial	ADJ
easat-9655	9	71	environment	environment	NOUN
easat-9655	9	72	and	and	CCONJ
easat-9655	9	73	firm	firm	ADJ
easat-9655	9	74	size	size	NOUN
easat-9655	9	75	have	have	VERB
easat-9655	9	76	heterogeneous	heterogeneous	ADJ
easat-9655	9	77	effects	effect	NOUN
easat-9655	9	78	on	on	ADP
easat-9655	9	79	the	the	DET
easat-9655	9	80	effectiveness	effectiveness	NOUN
easat-9655	9	81	of	of	ADP
easat-9655	9	82	innovation	innovation	NOUN
easat-9655	9	83	strategies	strategy	NOUN
easat-9655	9	84	,	,	PUNCT
easat-9655	9	85	with	with	ADP
easat-9655	9	86	larger	large	ADJ
easat-9655	9	87	firms	firm	NOUN
easat-9655	9	88	more	more	ADV
easat-9655	9	89	likely	likely	ADJ
easat-9655	9	90	to	to	PART
easat-9655	9	91	benefit	benefit	VERB
easat-9655	9	92	from	from	ADP
easat-9655	9	93	such	such	ADJ
easat-9655	9	94	strategies	strategy	NOUN
easat-9655	9	95	compared	compare	VERB
easat-9655	9	96	to	to	ADP
easat-9655	9	97	small	small	ADJ
easat-9655	9	98	and	and	CCONJ
easat-9655	9	99	medium	medium	ADJ
easat-9655	9	100	-	-	PUNCT
easat-9655	9	101	sized	sized	ADJ
easat-9655	9	102	enterprises	enterprise	NOUN
easat-9655	9	103	.	.	PUNCT
easat-9655	10	1	keywords	keyword	NOUN
easat-9655	10	2	:	:	PUNCT
easat-9655	10	3	digital	digital	ADJ
easat-9655	10	4	technology	technology	NOUN
easat-9655	10	5	,	,	PUNCT
easat-9655	10	6	firm	firm	ADJ
easat-9655	10	7	performance	performance	NOUN
easat-9655	10	8	,	,	PUNCT
easat-9655	10	9	innovation	innovation	NOUN
easat-9655	10	10	strategy	strategy	NOUN
easat-9655	10	11	,	,	PUNCT
easat-9655	10	12	management	management	NOUN
easat-9655	10	13	innovation	innovation	NOUN
easat-9655	10	14	,	,	PUNCT
easat-9655	10	15	panel	panel	NOUN
easat-9655	10	16	data	datum	NOUN
easat-9655	10	17	.	.	PUNCT
easat-9655	11	1	1	1	X
easat-9655	11	2	.	.	X
easat-9655	11	3	introduction	introduction	NOUN
easat-9655	11	4	1.1	1.1	NUM
easat-9655	11	5	.	.	PUNCT
easat-9655	12	1	research	research	NOUN
easat-9655	12	2	background	background	NOUN
easat-9655	12	3	against	against	ADP
easat-9655	12	4	the	the	DET
easat-9655	12	5	backdrop	backdrop	NOUN
easat-9655	12	6	of	of	ADP
easat-9655	12	7	an	an	DET
easat-9655	12	8	increasingly	increasingly	ADV
easat-9655	12	9	digitalised	digitalise	VERB
easat-9655	12	10	global	global	ADJ
easat-9655	12	11	economy	economy	NOUN
easat-9655	12	12	,	,	PUNCT
easat-9655	12	13	businesses	business	NOUN
easat-9655	12	14	are	be	AUX
easat-9655	12	15	faced	face	VERB
easat-9655	12	16	with	with	ADP
easat-9655	12	17	increasingly	increasingly	ADV
easat-9655	12	18	competitive	competitive	ADJ
easat-9655	12	19	markets	market	NOUN
easat-9655	12	20	and	and	CCONJ
easat-9655	12	21	rapidly	rapidly	ADV
easat-9655	12	22	changing	change	VERB
easat-9655	12	23	consumer	consumer	NOUN
easat-9655	12	24	demands	demand	NOUN
easat-9655	12	25	.	.	PUNCT
easat-9655	13	1	the	the	DET
easat-9655	13	2	sustainable	sustainable	ADJ
easat-9655	13	3	development	development	NOUN
easat-9655	13	4	of	of	ADP
easat-9655	13	5	enterprises	enterprise	NOUN
easat-9655	13	6	increasingly	increasingly	ADV
easat-9655	13	7	relies	rely	VERB
easat-9655	13	8	on	on	ADP
easat-9655	13	9	innovation	innovation	NOUN
easat-9655	13	10	strategies	strategy	NOUN
easat-9655	13	11	,	,	PUNCT
easat-9655	13	12	including	include	VERB
easat-9655	13	13	product	product	NOUN
easat-9655	13	14	innovation	innovation	NOUN
easat-9655	13	15	,	,	PUNCT
easat-9655	13	16	process	process	NOUN
easat-9655	13	17	innovation	innovation	NOUN
easat-9655	13	18	and	and	CCONJ
easat-9655	13	19	management	management	NOUN
easat-9655	13	20	innovation	innovation	NOUN
easat-9655	13	21	[	[	X
easat-9655	13	22	1	1	NUM
easat-9655	13	23	]	]	PUNCT
easat-9655	13	24	.	.	PUNCT
easat-9655	14	1	innovation	innovation	NOUN
easat-9655	14	2	can	can	AUX
easat-9655	14	3	not	not	PART
easat-9655	14	4	only	only	ADV
easat-9655	14	5	help	help	VERB
easat-9655	14	6	enterprises	enterprise	NOUN
easat-9655	14	7	enhance	enhance	VERB
easat-9655	14	8	market	market	NOUN
easat-9655	14	9	competitiveness	competitiveness	NOUN
easat-9655	14	10	but	but	CCONJ
easat-9655	14	11	also	also	ADV
easat-9655	14	12	optimise	optimise	ADJ
easat-9655	14	13	resource	resource	NOUN
easat-9655	14	14	allocation	allocation	NOUN
easat-9655	14	15	and	and	CCONJ
easat-9655	14	16	improve	improve	VERB
easat-9655	14	17	operational	operational	ADJ
easat-9655	14	18	efficiency	efficiency	NOUN
easat-9655	14	19	.	.	PUNCT
easat-9655	15	1	however	however	ADV
easat-9655	15	2	,	,	PUNCT
easat-9655	15	3	the	the	DET
easat-9655	15	4	implementation	implementation	NOUN
easat-9655	15	5	of	of	ADP
easat-9655	15	6	enterprise	enterprise	NOUN
easat-9655	15	7	innovation	innovation	NOUN
easat-9655	15	8	strategy	strategy	NOUN
easat-9655	15	9	is	be	AUX
easat-9655	15	10	often	often	ADV
easat-9655	15	11	accompanied	accompany	VERB
easat-9655	15	12	by	by	ADP
easat-9655	15	13	high	high	ADJ
easat-9655	15	14	costs	cost	NOUN
easat-9655	15	15	and	and	CCONJ
easat-9655	15	16	high	high	ADJ
easat-9655	15	17	risks	risk	NOUN
easat-9655	15	18	,	,	PUNCT
easat-9655	15	19	and	and	CCONJ
easat-9655	15	20	how	how	SCONJ
easat-9655	15	21	to	to	PART
easat-9655	15	22	strike	strike	VERB
easat-9655	15	23	a	a	DET
easat-9655	15	24	balance	balance	NOUN
easat-9655	15	25	between	between	ADP
easat-9655	15	26	innovation	innovation	NOUN
easat-9655	15	27	investment	investment	NOUN
easat-9655	15	28	and	and	CCONJ
easat-9655	15	29	revenue	revenue	NOUN
easat-9655	15	30	has	have	AUX
easat-9655	15	31	become	become	VERB
easat-9655	15	32	the	the	DET
easat-9655	15	33	focus	focus	NOUN
easat-9655	15	34	of	of	ADP
easat-9655	15	35	managers	manager	NOUN
easat-9655	15	36	'	'	PART
easat-9655	15	37	attention	attention	NOUN
easat-9655	16	1	[	[	X
easat-9655	16	2	2	2	NUM
easat-9655	16	3	]	]	PUNCT
easat-9655	16	4	.	.	PUNCT
easat-9655	17	1	meanwhile	meanwhile	ADV
easat-9655	17	2	,	,	PUNCT
easat-9655	17	3	the	the	DET
easat-9655	17	4	rapid	rapid	ADJ
easat-9655	17	5	development	development	NOUN
easat-9655	17	6	of	of	ADP
easat-9655	17	7	digital	digital	ADJ
easat-9655	17	8	technologies	technology	NOUN
easat-9655	17	9	,	,	PUNCT
easat-9655	17	10	such	such	ADJ
easat-9655	17	11	as	as	ADP
easat-9655	17	12	big	big	ADJ
easat-9655	17	13	data	datum	NOUN
easat-9655	17	14	analytics	analytic	NOUN
easat-9655	17	15	,	,	PUNCT
easat-9655	17	16	artificial	artificial	ADJ
easat-9655	17	17	intelligence	intelligence	NOUN
easat-9655	17	18	(	(	PUNCT
easat-9655	17	19	ai	ai	NOUN
easat-9655	17	20	)	)	PUNCT
easat-9655	17	21	,	,	PUNCT
easat-9655	17	22	cloud	cloud	NOUN
easat-9655	17	23	computing	computing	NOUN
easat-9655	17	24	,	,	PUNCT
easat-9655	17	25	and	and	CCONJ
easat-9655	17	26	blockchain	blockchain	NOUN
easat-9655	17	27	,	,	PUNCT
easat-9655	17	28	has	have	AUX
easat-9655	17	29	provided	provide	VERB
easat-9655	17	30	new	new	ADJ
easat-9655	17	31	support	support	NOUN
easat-9655	17	32	for	for	ADP
easat-9655	17	33	corporate	corporate	ADJ
easat-9655	17	34	innovation	innovation	NOUN
easat-9655	17	35	[	[	X
easat-9655	17	36	3	3	NUM
easat-9655	17	37	]	]	PUNCT
easat-9655	17	38	.	.	PUNCT
easat-9655	18	1	these	these	DET
easat-9655	18	2	technologies	technology	NOUN
easat-9655	18	3	not	not	PART
easat-9655	18	4	only	only	ADV
easat-9655	18	5	enhance	enhance	VERB
easat-9655	18	6	firms	firm	NOUN
easat-9655	18	7	'	'	PART
easat-9655	18	8	ability	ability	NOUN
easat-9655	18	9	to	to	PART
easat-9655	18	10	innovate	innovate	VERB
easat-9655	18	11	,	,	PUNCT
easat-9655	18	12	but	but	CCONJ
easat-9655	18	13	also	also	ADV
easat-9655	18	14	reduce	reduce	VERB
easat-9655	18	15	the	the	DET
easat-9655	18	16	cost	cost	NOUN
easat-9655	18	17	of	of	ADP
easat-9655	18	18	innovation	innovation	NOUN
easat-9655	18	19	and	and	CCONJ
easat-9655	18	20	increase	increase	VERB
easat-9655	18	21	the	the	DET
easat-9655	18	22	success	success	NOUN
easat-9655	18	23	rate	rate	NOUN
easat-9655	18	24	of	of	ADP
easat-9655	18	25	innovation	innovation	NOUN
easat-9655	18	26	.	.	PUNCT
easat-9655	19	1	however	however	ADV
easat-9655	19	2	,	,	PUNCT
easat-9655	19	3	the	the	DET
easat-9655	19	4	mechanism	mechanism	NOUN
easat-9655	19	5	of	of	ADP
easat-9655	19	6	the	the	DET
easat-9655	19	7	role	role	NOUN
easat-9655	19	8	of	of	ADP
easat-9655	19	9	digital	digital	ADJ
easat-9655	19	10	technologies	technology	NOUN
easat-9655	19	11	on	on	ADP
easat-9655	19	12	enterprise	enterprise	NOUN
easat-9655	19	13	innovation	innovation	NOUN
easat-9655	19	14	and	and	CCONJ
easat-9655	19	15	performance	performance	NOUN
easat-9655	19	16	still	still	ADV
easat-9655	19	17	needs	need	VERB
easat-9655	19	18	further	further	ADJ
easat-9655	19	19	research	research	NOUN
easat-9655	19	20	.	.	PUNCT
easat-9655	20	1	1.2	1.2	NUM
easat-9655	20	2	.	.	PUNCT
easat-9655	20	3	research	research	NOUN
easat-9655	20	4	issues	issue	NOUN
easat-9655	20	5	based	base	VERB
easat-9655	20	6	on	on	ADP
easat-9655	20	7	the	the	DET
easat-9655	20	8	above	above	ADJ
easat-9655	20	9	background	background	NOUN
easat-9655	20	10	,	,	PUNCT
easat-9655	20	11	this	this	DET
easat-9655	20	12	paper	paper	NOUN
easat-9655	20	13	focuses	focus	VERB
easat-9655	20	14	on	on	ADP
easat-9655	20	15	the	the	DET
easat-9655	20	16	following	follow	VERB
easat-9655	20	17	core	core	NOUN
easat-9655	20	18	questions	question	NOUN
easat-9655	20	19	:	:	PUNCT
easat-9655	20	20	1	1	X
easat-9655	20	21	.	.	PUNCT
easat-9655	20	22	does	do	AUX
easat-9655	20	23	a	a	DET
easat-9655	20	24	firm	firm	NOUN
easat-9655	20	25	's	's	PART
easat-9655	20	26	innovation	innovation	NOUN
easat-9655	20	27	strategy	strategy	NOUN
easat-9655	20	28	have	have	VERB
easat-9655	20	29	a	a	DET
easat-9655	20	30	significant	significant	ADJ
easat-9655	20	31	impact	impact	NOUN
easat-9655	20	32	on	on	ADP
easat-9655	20	33	firm	firm	ADJ
easat-9655	20	34	performance	performance	NOUN
easat-9655	20	35	?	?	PUNCT
easat-9655	21	1	2	2	X
easat-9655	21	2	.	.	X
easat-9655	21	3	does	do	AUX
easat-9655	21	4	digital	digital	ADJ
easat-9655	21	5	technology	technology	NOUN
easat-9655	21	6	enhance	enhance	VERB
easat-9655	21	7	the	the	DET
easat-9655	21	8	role	role	NOUN
easat-9655	21	9	of	of	ADP
easat-9655	21	10	innovation	innovation	NOUN
easat-9655	21	11	strategy	strategy	NOUN
easat-9655	21	12	on	on	ADP
easat-9655	21	13	firm	firm	ADJ
easat-9655	21	14	performance	performance	NOUN
easat-9655	21	15	?	?	PUNCT
easat-9655	22	1	3	3	X
easat-9655	22	2	.	.	X
easat-9655	22	3	do	do	AUX
easat-9655	22	4	firm	firm	ADJ
easat-9655	22	5	characteristics	characteristic	NOUN
easat-9655	22	6	(	(	PUNCT
easat-9655	22	7	e.g.	e.g.	ADV
easat-9655	22	8	,	,	PUNCT
easat-9655	22	9	firm	firm	ADJ
easat-9655	22	10	size	size	NOUN
easat-9655	22	11	and	and	CCONJ
easat-9655	22	12	industry	industry	NOUN
easat-9655	22	13	type	type	NOUN
easat-9655	22	14	)	)	PUNCT
easat-9655	22	15	affect	affect	VERB
easat-9655	22	16	the	the	DET
easat-9655	22	17	effectiveness	effectiveness	NOUN
easat-9655	22	18	of	of	ADP
easat-9655	22	19	innovative	innovative	ADJ
easat-9655	22	20	strategy	strategy	NOUN
easat-9655	22	21	implementation	implementation	NOUN
easat-9655	22	22	?	?	PUNCT
easat-9655	23	1	1581	1581	NUM
easat-9655	23	2	edelweiss	edelweiss	PROPN
easat-9655	23	3	applied	apply	VERB
easat-9655	23	4	science	science	NOUN
easat-9655	23	5	and	and	CCONJ
easat-9655	23	6	technology	technology	NOUN
easat-9655	23	7	issn	issn	PROPN
easat-9655	23	8	:	:	PUNCT
easat-9655	23	9	2576	2576	NUM
easat-9655	23	10	-	-	SYM
easat-9655	23	11	8484	8484	NUM
easat-9655	23	12	vol	vol	NOUN
easat-9655	23	13	.	.	PROPN
easat-9655	24	1	9	9	NUM
easat-9655	24	2	,	,	PUNCT
easat-9655	24	3	no	no	INTJ
easat-9655	24	4	.	.	NOUN
easat-9655	24	5	8	8	NUM
easat-9655	24	6	:	:	SYM
easat-9655	24	7	1580	1580	NUM
easat-9655	24	8	-	-	SYM
easat-9655	24	9	1595	1595	NUM
easat-9655	24	10	,	,	PUNCT
easat-9655	24	11	2025	2025	NUM
easat-9655	24	12	doi	doi	NOUN
easat-9655	24	13	:	:	PUNCT
easat-9655	24	14	10.55214/2576	10.55214/2576	NUM
easat-9655	24	15	-	-	PUNCT
easat-9655	24	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	25	1	©	©	ADP
easat-9655	25	2	2025	2025	NUM
easat-9655	25	3	by	by	ADP
easat-9655	25	4	the	the	DET
easat-9655	25	5	authors	author	NOUN
easat-9655	25	6	;	;	PUNCT
easat-9655	25	7	licensee	licensee	PROPN
easat-9655	25	8	learning	learning	NOUN
easat-9655	25	9	gate	gate	NOUN
easat-9655	25	10	1.3	1.3	NUM
easat-9655	25	11	.	.	PUNCT
easat-9655	25	12	significance	significance	NOUN
easat-9655	25	13	of	of	ADP
easat-9655	25	14	the	the	DET
easat-9655	25	15	study	study	NOUN
easat-9655	25	16	the	the	DET
easat-9655	25	17	contributions	contribution	NOUN
easat-9655	25	18	of	of	ADP
easat-9655	25	19	this	this	DET
easat-9655	25	20	study	study	NOUN
easat-9655	25	21	are	be	AUX
easat-9655	25	22	mainly	mainly	ADV
easat-9655	25	23	in	in	ADP
easat-9655	25	24	the	the	DET
easat-9655	25	25	following	follow	VERB
easat-9655	25	26	areas	area	NOUN
easat-9655	25	27	:	:	PUNCT
easat-9655	25	28	•	•	NUM
easat-9655	25	29	theoretical	theoretical	ADJ
easat-9655	25	30	contribution	contribution	NOUN
easat-9655	25	31	:	:	PUNCT
easat-9655	25	32	to	to	PART
easat-9655	25	33	deepen	deepen	VERB
easat-9655	25	34	the	the	DET
easat-9655	25	35	understanding	understanding	NOUN
easat-9655	25	36	of	of	ADP
easat-9655	25	37	how	how	SCONJ
easat-9655	25	38	innovation	innovation	NOUN
easat-9655	25	39	strategy	strategy	NOUN
easat-9655	25	40	affects	affect	VERB
easat-9655	25	41	firm	firm	ADJ
easat-9655	25	42	performance	performance	NOUN
easat-9655	25	43	,	,	PUNCT
easat-9655	25	44	and	and	CCONJ
easat-9655	25	45	to	to	PART
easat-9655	25	46	explore	explore	VERB
easat-9655	25	47	the	the	DET
easat-9655	25	48	role	role	NOUN
easat-9655	25	49	of	of	ADP
easat-9655	25	50	digital	digital	ADJ
easat-9655	25	51	technology	technology	NOUN
easat-9655	25	52	in	in	ADP
easat-9655	25	53	it	it	PRON
easat-9655	25	54	,	,	PUNCT
easat-9655	25	55	providing	provide	VERB
easat-9655	25	56	new	new	ADJ
easat-9655	25	57	perspectives	perspective	NOUN
easat-9655	25	58	for	for	ADP
easat-9655	25	59	strategic	strategic	ADJ
easat-9655	25	60	management	management	NOUN
easat-9655	25	61	research	research	NOUN
easat-9655	25	62	[	[	X
easat-9655	25	63	4	4	NUM
easat-9655	25	64	]	]	PUNCT
easat-9655	25	65	.	.	PUNCT
easat-9655	26	1	•	•	NUM
easat-9655	26	2	practical	practical	ADJ
easat-9655	26	3	contribution	contribution	NOUN
easat-9655	26	4	:	:	PUNCT
easat-9655	26	5	provide	provide	VERB
easat-9655	26	6	data	data	NOUN
easat-9655	26	7	support	support	NOUN
easat-9655	26	8	for	for	ADP
easat-9655	26	9	business	business	NOUN
easat-9655	26	10	managers	manager	NOUN
easat-9655	26	11	to	to	PART
easat-9655	26	12	help	help	VERB
easat-9655	26	13	them	they	PRON
easat-9655	26	14	formulate	formulate	VERB
easat-9655	26	15	rational	rational	ADJ
easat-9655	26	16	innovation	innovation	NOUN
easat-9655	26	17	strategies	strategy	NOUN
easat-9655	26	18	,	,	PUNCT
easat-9655	26	19	optimise	optimise	ADJ
easat-9655	26	20	resource	resource	NOUN
easat-9655	26	21	allocation	allocation	NOUN
easat-9655	26	22	and	and	CCONJ
easat-9655	26	23	improve	improve	VERB
easat-9655	26	24	the	the	DET
easat-9655	26	25	efficiency	efficiency	NOUN
easat-9655	26	26	of	of	ADP
easat-9655	26	27	digital	digital	ADJ
easat-9655	26	28	investment	investment	NOUN
easat-9655	27	1	[	[	X
easat-9655	27	2	5	5	NUM
easat-9655	27	3	]	]	PUNCT
easat-9655	27	4	.	.	PUNCT
easat-9655	28	1	•	•	NUM
easat-9655	28	2	policy	policy	NOUN
easat-9655	28	3	implications	implication	NOUN
easat-9655	28	4	:	:	PUNCT
easat-9655	28	5	provide	provide	VERB
easat-9655	28	6	reference	reference	NOUN
easat-9655	28	7	for	for	SCONJ
easat-9655	28	8	the	the	DET
easat-9655	28	9	government	government	NOUN
easat-9655	28	10	to	to	PART
easat-9655	28	11	formulate	formulate	VERB
easat-9655	28	12	industrial	industrial	ADJ
easat-9655	28	13	policies	policy	NOUN
easat-9655	28	14	,	,	PUNCT
easat-9655	28	15	promote	promote	VERB
easat-9655	28	16	enterprise	enterprise	NOUN
easat-9655	28	17	innovation	innovation	NOUN
easat-9655	28	18	and	and	CCONJ
easat-9655	28	19	digital	digital	ADJ
easat-9655	28	20	transformation	transformation	NOUN
easat-9655	28	21	,	,	PUNCT
easat-9655	28	22	and	and	CCONJ
easat-9655	28	23	improve	improve	VERB
easat-9655	28	24	the	the	DET
easat-9655	28	25	overall	overall	ADJ
easat-9655	28	26	competitiveness	competitiveness	NOUN
easat-9655	28	27	of	of	ADP
easat-9655	28	28	the	the	DET
easat-9655	28	29	country	country	NOUN
easat-9655	28	30	[	[	X
easat-9655	28	31	6	6	NUM
easat-9655	28	32	]	]	PUNCT
easat-9655	28	33	.	.	PUNCT
easat-9655	29	1	2	2	X
easat-9655	29	2	.	.	X
easat-9655	29	3	literature	literature	NOUN
easat-9655	29	4	review	review	NOUN
easat-9655	29	5	in	in	ADP
easat-9655	29	6	the	the	DET
easat-9655	29	7	literature	literature	NOUN
easat-9655	29	8	studying	study	VERB
easat-9655	29	9	innovation	innovation	NOUN
easat-9655	29	10	strategies	strategy	NOUN
easat-9655	29	11	and	and	CCONJ
easat-9655	29	12	performance	performance	NOUN
easat-9655	29	13	improvement	improvement	NOUN
easat-9655	29	14	in	in	ADP
easat-9655	29	15	firms	firm	NOUN
easat-9655	29	16	,	,	PUNCT
easat-9655	29	17	it	it	PRON
easat-9655	29	18	has	have	AUX
easat-9655	29	19	been	be	AUX
easat-9655	29	20	shown	show	VERB
easat-9655	29	21	that	that	SCONJ
easat-9655	29	22	innovation	innovation	NOUN
easat-9655	29	23	is	be	AUX
easat-9655	29	24	one	one	NUM
easat-9655	29	25	of	of	ADP
easat-9655	29	26	the	the	DET
easat-9655	29	27	key	key	ADJ
easat-9655	29	28	factors	factor	NOUN
easat-9655	29	29	in	in	ADP
easat-9655	29	30	improving	improve	VERB
easat-9655	29	31	firm	firm	ADJ
easat-9655	29	32	performance	performance	NOUN
easat-9655	29	33	.	.	PUNCT
easat-9655	30	1	for	for	ADP
easat-9655	30	2	example	example	NOUN
easat-9655	30	3	,	,	PUNCT
easat-9655	30	4	some	some	DET
easat-9655	30	5	experts	expert	NOUN
easat-9655	30	6	emphasised	emphasise	VERB
easat-9655	30	7	the	the	DET
easat-9655	30	8	central	central	ADJ
easat-9655	30	9	role	role	NOUN
easat-9655	30	10	of	of	ADP
easat-9655	30	11	innovation	innovation	NOUN
easat-9655	30	12	in	in	ADP
easat-9655	30	13	promoting	promote	VERB
easat-9655	30	14	economic	economic	ADJ
easat-9655	30	15	development	development	NOUN
easat-9655	30	16	and	and	CCONJ
easat-9655	30	17	enterprise	enterprise	NOUN
easat-9655	30	18	competitiveness	competitiveness	NOUN
easat-9655	30	19	[	[	X
easat-9655	30	20	7	7	NUM
easat-9655	30	21	]	]	PUNCT
easat-9655	30	22	.	.	PUNCT
easat-9655	31	1	in	in	ADP
easat-9655	31	2	recent	recent	ADJ
easat-9655	31	3	years	year	NOUN
easat-9655	31	4	,	,	PUNCT
easat-9655	31	5	with	with	ADP
easat-9655	31	6	the	the	DET
easat-9655	31	7	advent	advent	NOUN
easat-9655	31	8	of	of	ADP
easat-9655	31	9	the	the	DET
easat-9655	31	10	digital	digital	ADJ
easat-9655	31	11	era	era	NOUN
easat-9655	31	12	,	,	PUNCT
easat-9655	31	13	many	many	ADJ
easat-9655	31	14	scholars	scholar	NOUN
easat-9655	31	15	have	have	AUX
easat-9655	31	16	begun	begin	VERB
easat-9655	31	17	to	to	PART
easat-9655	31	18	focus	focus	VERB
easat-9655	31	19	on	on	ADP
easat-9655	31	20	how	how	SCONJ
easat-9655	31	21	digital	digital	ADJ
easat-9655	31	22	technologies	technology	NOUN
easat-9655	31	23	are	be	AUX
easat-9655	31	24	transforming	transform	VERB
easat-9655	31	25	traditional	traditional	ADJ
easat-9655	31	26	business	business	NOUN
easat-9655	31	27	models	model	NOUN
easat-9655	31	28	and	and	CCONJ
easat-9655	31	29	corporate	corporate	ADJ
easat-9655	31	30	strategies.others	strategies.other	NOUN
easat-9655	31	31	discuss	discuss	VERB
easat-9655	31	32	how	how	SCONJ
easat-9655	31	33	smart	smart	ADJ
easat-9655	31	34	connectivity	connectivity	NOUN
easat-9655	31	35	products	product	NOUN
easat-9655	31	36	are	be	AUX
easat-9655	31	37	transforming	transform	VERB
easat-9655	31	38	the	the	DET
easat-9655	31	39	operations	operation	NOUN
easat-9655	31	40	and	and	CCONJ
easat-9655	31	41	management	management	NOUN
easat-9655	31	42	of	of	ADP
easat-9655	31	43	firms	firm	NOUN
easat-9655	31	44	and	and	CCONJ
easat-9655	31	45	point	point	VERB
easat-9655	31	46	out	out	ADP
easat-9655	31	47	in	in	ADP
easat-9655	31	48	their	their	PRON
easat-9655	31	49	study	study	NOUN
easat-9655	31	50	that	that	SCONJ
easat-9655	31	51	the	the	DET
easat-9655	31	52	enhancement	enhancement	NOUN
easat-9655	31	53	of	of	ADP
easat-9655	31	54	it	it	PRON
easat-9655	31	55	capabilities	capabilitie	VERB
easat-9655	31	56	is	be	AUX
easat-9655	31	57	an	an	DET
easat-9655	31	58	important	important	ADJ
easat-9655	31	59	driver	driver	NOUN
easat-9655	31	60	for	for	ADP
easat-9655	31	61	improving	improve	VERB
easat-9655	31	62	firms	firm	NOUN
easat-9655	31	63	'	'	PART
easat-9655	31	64	strategic	strategic	ADJ
easat-9655	31	65	agility	agility	NOUN
easat-9655	31	66	and	and	CCONJ
easat-9655	31	67	market	market	NOUN
easat-9655	31	68	responsiveness	responsiveness	NOUN
easat-9655	31	69	[	[	X
easat-9655	31	70	8	8	NUM
easat-9655	31	71	,	,	PUNCT
easat-9655	31	72	9	9	NUM
easat-9655	31	73	]	]	PUNCT
easat-9655	31	74	.	.	PUNCT
easat-9655	32	1	the	the	DET
easat-9655	32	2	application	application	NOUN
easat-9655	32	3	of	of	ADP
easat-9655	32	4	digital	digital	ADJ
easat-9655	32	5	technologies	technology	NOUN
easat-9655	32	6	not	not	PART
easat-9655	32	7	only	only	ADV
easat-9655	32	8	enhances	enhance	VERB
easat-9655	32	9	the	the	DET
easat-9655	32	10	innovation	innovation	NOUN
easat-9655	32	11	capability	capability	NOUN
easat-9655	32	12	of	of	ADP
easat-9655	32	13	firms	firm	NOUN
easat-9655	32	14	but	but	CCONJ
easat-9655	32	15	also	also	ADV
easat-9655	32	16	optimises	optimise	VERB
easat-9655	32	17	the	the	DET
easat-9655	32	18	efficiency	efficiency	NOUN
easat-9655	32	19	of	of	ADP
easat-9655	32	20	the	the	DET
easat-9655	32	21	allocation	allocation	NOUN
easat-9655	32	22	of	of	ADP
easat-9655	32	23	innovation	innovation	NOUN
easat-9655	32	24	resources.they	resources.they	PRON
easat-9655	32	25	point	point	VERB
easat-9655	32	26	out	out	ADP
easat-9655	32	27	that	that	SCONJ
easat-9655	32	28	digital	digital	ADJ
easat-9655	32	29	technologies	technology	NOUN
easat-9655	32	30	can	can	AUX
easat-9655	32	31	significantly	significantly	ADV
easat-9655	32	32	shorten	shorten	VERB
easat-9655	32	33	the	the	DET
easat-9655	32	34	product	product	NOUN
easat-9655	32	35	development	development	NOUN
easat-9655	32	36	cycle	cycle	NOUN
easat-9655	32	37	and	and	CCONJ
easat-9655	32	38	increase	increase	VERB
easat-9655	32	39	the	the	DET
easat-9655	32	40	success	success	NOUN
easat-9655	32	41	rate	rate	NOUN
easat-9655	32	42	of	of	ADP
easat-9655	32	43	innovations	innovation	NOUN
easat-9655	32	44	by	by	ADP
easat-9655	32	45	providing	provide	VERB
easat-9655	32	46	real	real	ADJ
easat-9655	32	47	-	-	PUNCT
easat-9655	32	48	time	time	NOUN
easat-9655	32	49	data	datum	NOUN
easat-9655	32	50	analytics	analytic	NOUN
easat-9655	32	51	and	and	CCONJ
easat-9655	32	52	intelligent	intelligent	ADJ
easat-9655	32	53	decision	decision	NOUN
easat-9655	32	54	support	support	NOUN
easat-9655	32	55	[	[	X
easat-9655	32	56	9	9	NUM
easat-9655	32	57	,	,	PUNCT
easat-9655	32	58	10	10	NUM
easat-9655	32	59	]	]	PUNCT
easat-9655	32	60	.	.	PUNCT
easat-9655	33	1	in	in	ADP
easat-9655	33	2	addition	addition	NOUN
easat-9655	33	3	,	,	PUNCT
easat-9655	33	4	some	some	DET
easat-9655	33	5	experts	expert	NOUN
easat-9655	33	6	suggest	suggest	VERB
easat-9655	33	7	that	that	SCONJ
easat-9655	33	8	the	the	DET
easat-9655	33	9	application	application	NOUN
easat-9655	33	10	of	of	ADP
easat-9655	33	11	digital	digital	ADJ
easat-9655	33	12	technologies	technology	NOUN
easat-9655	33	13	can	can	AUX
easat-9655	33	14	enhance	enhance	VERB
easat-9655	33	15	the	the	DET
easat-9655	33	16	market	market	NOUN
easat-9655	33	17	responsiveness	responsiveness	NOUN
easat-9655	33	18	of	of	ADP
easat-9655	33	19	firms	firm	NOUN
easat-9655	33	20	,	,	PUNCT
easat-9655	33	21	enabling	enable	VERB
easat-9655	33	22	them	they	PRON
easat-9655	33	23	to	to	PART
easat-9655	33	24	commercialise	commercialise	VERB
easat-9655	33	25	innovations	innovation	NOUN
easat-9655	33	26	more	more	ADV
easat-9655	33	27	quickly	quickly	ADV
easat-9655	33	28	[	[	X
easat-9655	33	29	8	8	NUM
easat-9655	33	30	]	]	PUNCT
easat-9655	33	31	.	.	PUNCT
easat-9655	34	1	for	for	ADP
easat-9655	34	2	example	example	NOUN
easat-9655	34	3	,	,	PUNCT
easat-9655	34	4	through	through	ADP
easat-9655	34	5	big	big	ADJ
easat-9655	34	6	data	datum	NOUN
easat-9655	34	7	analytics	analytic	NOUN
easat-9655	34	8	,	,	PUNCT
easat-9655	34	9	firms	firm	NOUN
easat-9655	34	10	can	can	AUX
easat-9655	34	11	predict	predict	VERB
easat-9655	34	12	market	market	NOUN
easat-9655	34	13	demand	demand	NOUN
easat-9655	34	14	more	more	ADV
easat-9655	34	15	accurately	accurately	ADV
easat-9655	34	16	,	,	PUNCT
easat-9655	34	17	thus	thus	ADV
easat-9655	34	18	reducing	reduce	VERB
easat-9655	34	19	ineffective	ineffective	ADJ
easat-9655	34	20	r&d	r&d	NOUN
easat-9655	34	21	investment	investment	NOUN
easat-9655	34	22	;	;	PUNCT
easat-9655	34	23	through	through	ADP
easat-9655	34	24	artificial	artificial	ADJ
easat-9655	34	25	intelligence	intelligence	NOUN
easat-9655	34	26	technology	technology	NOUN
easat-9655	34	27	,	,	PUNCT
easat-9655	34	28	firms	firm	NOUN
easat-9655	34	29	can	can	AUX
easat-9655	34	30	optimise	optimise	VERB
easat-9655	34	31	product	product	NOUN
easat-9655	34	32	design	design	NOUN
easat-9655	34	33	and	and	CCONJ
easat-9655	34	34	improve	improve	VERB
easat-9655	34	35	market	market	NOUN
easat-9655	34	36	fitness	fitness	NOUN
easat-9655	34	37	.	.	PUNCT
easat-9655	35	1	2.1	2.1	NUM
easat-9655	35	2	.	.	PUNCT
easat-9655	35	3	definition	definition	NOUN
easat-9655	35	4	and	and	CCONJ
easat-9655	35	5	classification	classification	NOUN
easat-9655	35	6	of	of	ADP
easat-9655	35	7	innovation	innovation	NOUN
easat-9655	35	8	strategy	strategy	NOUN
easat-9655	35	9	innovation	innovation	NOUN
easat-9655	35	10	strategy	strategy	NOUN
easat-9655	35	11	refers	refer	VERB
easat-9655	35	12	to	to	ADP
easat-9655	35	13	a	a	DET
easat-9655	35	14	series	series	NOUN
easat-9655	35	15	of	of	ADP
easat-9655	35	16	innovative	innovative	ADJ
easat-9655	35	17	activities	activity	NOUN
easat-9655	35	18	undertaken	undertake	VERB
easat-9655	35	19	by	by	ADP
easat-9655	35	20	a	a	DET
easat-9655	35	21	firm	firm	NOUN
easat-9655	35	22	to	to	PART
easat-9655	35	23	maintain	maintain	VERB
easat-9655	35	24	its	its	PRON
easat-9655	35	25	competitive	competitive	ADJ
easat-9655	35	26	advantage	advantage	NOUN
easat-9655	35	27	,	,	PUNCT
easat-9655	35	28	including	include	VERB
easat-9655	35	29	product	product	NOUN
easat-9655	35	30	innovation	innovation	NOUN
easat-9655	35	31	,	,	PUNCT
easat-9655	35	32	technological	technological	ADJ
easat-9655	35	33	innovation	innovation	NOUN
easat-9655	35	34	,	,	PUNCT
easat-9655	35	35	and	and	CCONJ
easat-9655	35	36	business	business	NOUN
easat-9655	35	37	model	model	NOUN
easat-9655	35	38	innovation	innovation	NOUN
easat-9655	35	39	[	[	X
easat-9655	35	40	11	11	NUM
easat-9655	35	41	]	]	PUNCT
easat-9655	35	42	.	.	PUNCT
easat-9655	36	1	according	accord	VERB
easat-9655	36	2	to	to	ADP
easat-9655	36	3	the	the	DET
easat-9655	36	4	classification	classification	NOUN
easat-9655	36	5	of	of	ADP
easat-9655	36	6	oecd	oecd	PROPN
easat-9655	36	7	(	(	PUNCT
easat-9655	36	8	2019	2019	NUM
easat-9655	36	9	)	)	PUNCT
easat-9655	36	10	,	,	PUNCT
easat-9655	36	11	innovation	innovation	NOUN
easat-9655	36	12	strategy	strategy	NOUN
easat-9655	36	13	can	can	AUX
easat-9655	36	14	be	be	AUX
easat-9655	36	15	divided	divide	VERB
easat-9655	36	16	into	into	ADP
easat-9655	36	17	:	:	PUNCT
easat-9655	36	18	1	1	NUM
easat-9655	36	19	.	.	NOUN
easat-9655	36	20	product	product	NOUN
easat-9655	36	21	innovation	innovation	NOUN
easat-9655	36	22	:	:	PUNCT
easat-9655	36	23	introducing	introduce	VERB
easat-9655	36	24	new	new	ADJ
easat-9655	36	25	products	product	NOUN
easat-9655	36	26	or	or	CCONJ
easat-9655	36	27	improving	improve	VERB
easat-9655	36	28	existing	exist	VERB
easat-9655	36	29	products	product	NOUN
easat-9655	36	30	to	to	PART
easat-9655	36	31	increase	increase	VERB
easat-9655	36	32	market	market	NOUN
easat-9655	36	33	attractiveness	attractiveness	NOUN
easat-9655	36	34	.	.	PUNCT
easat-9655	37	1	2	2	X
easat-9655	37	2	.	.	NOUN
easat-9655	37	3	process	process	NOUN
easat-9655	37	4	innovation	innovation	NOUN
easat-9655	37	5	:	:	PUNCT
easat-9655	37	6	optimising	optimise	VERB
easat-9655	37	7	production	production	NOUN
easat-9655	37	8	processes	process	NOUN
easat-9655	37	9	to	to	PART
easat-9655	37	10	improve	improve	VERB
easat-9655	37	11	efficiency	efficiency	NOUN
easat-9655	37	12	and	and	CCONJ
easat-9655	37	13	reduce	reduce	VERB
easat-9655	37	14	costs	cost	NOUN
easat-9655	37	15	.	.	PUNCT
easat-9655	38	1	3	3	X
easat-9655	38	2	.	.	X
easat-9655	38	3	management	management	NOUN
easat-9655	38	4	innovation	innovation	NOUN
easat-9655	38	5	:	:	PUNCT
easat-9655	38	6	adjusting	adjust	VERB
easat-9655	38	7	the	the	DET
easat-9655	38	8	organisational	organisational	ADJ
easat-9655	38	9	structure	structure	NOUN
easat-9655	38	10	or	or	CCONJ
easat-9655	38	11	management	management	NOUN
easat-9655	38	12	model	model	NOUN
easat-9655	38	13	to	to	PART
easat-9655	38	14	improve	improve	VERB
easat-9655	38	15	the	the	DET
easat-9655	38	16	efficiency	efficiency	NOUN
easat-9655	38	17	of	of	ADP
easat-9655	38	18	business	business	NOUN
easat-9655	38	19	operations	operation	NOUN
easat-9655	38	20	.	.	PUNCT
easat-9655	39	1	2.2	2.2	NUM
easat-9655	39	2	.	.	PUNCT
easat-9655	39	3	innovation	innovation	NOUN
easat-9655	39	4	strategy	strategy	NOUN
easat-9655	39	5	and	and	CCONJ
easat-9655	39	6	firm	firm	ADJ
easat-9655	39	7	performance	performance	NOUN
easat-9655	39	8	it	it	PRON
easat-9655	39	9	has	have	AUX
easat-9655	39	10	been	be	AUX
easat-9655	39	11	shown	show	VERB
easat-9655	39	12	that	that	SCONJ
easat-9655	39	13	innovation	innovation	NOUN
easat-9655	39	14	strategy	strategy	NOUN
easat-9655	39	15	can	can	AUX
easat-9655	39	16	improve	improve	VERB
easat-9655	39	17	firm	firm	ADJ
easat-9655	39	18	performance	performance	NOUN
easat-9655	39	19	through	through	ADP
easat-9655	39	20	the	the	DET
easat-9655	39	21	following	follow	VERB
easat-9655	39	22	mechanisms	mechanism	NOUN
easat-9655	39	23	:	:	PUNCT
easat-9655	39	24	•	•	NUM
easat-9655	39	25	improving	improve	VERB
easat-9655	39	26	market	market	NOUN
easat-9655	39	27	competitiveness	competitiveness	NOUN
easat-9655	39	28	:	:	PUNCT
easat-9655	39	29	innovative	innovative	ADJ
easat-9655	39	30	products	product	NOUN
easat-9655	39	31	can	can	AUX
easat-9655	39	32	attract	attract	VERB
easat-9655	39	33	more	more	ADJ
easat-9655	39	34	consumers	consumer	NOUN
easat-9655	39	35	and	and	CCONJ
easat-9655	39	36	increase	increase	VERB
easat-9655	39	37	market	market	NOUN
easat-9655	39	38	share	share	NOUN
easat-9655	40	1	[	[	X
easat-9655	40	2	12	12	NUM
easat-9655	40	3	]	]	PUNCT
easat-9655	40	4	.	.	PUNCT
easat-9655	41	1	•	•	PUNCT
easat-9655	41	2	improving	improve	VERB
easat-9655	41	3	operational	operational	ADJ
easat-9655	41	4	efficiency	efficiency	NOUN
easat-9655	41	5	:	:	PUNCT
easat-9655	41	6	process	process	NOUN
easat-9655	41	7	innovation	innovation	NOUN
easat-9655	41	8	can	can	AUX
easat-9655	41	9	optimise	optimise	VERB
easat-9655	41	10	production	production	NOUN
easat-9655	41	11	processes	process	NOUN
easat-9655	41	12	,	,	PUNCT
easat-9655	41	13	reduce	reduce	VERB
easat-9655	41	14	costs	cost	NOUN
easat-9655	41	15	and	and	CCONJ
easat-9655	41	16	improve	improve	VERB
easat-9655	41	17	profitability	profitability	NOUN
easat-9655	41	18	[	[	X
easat-9655	41	19	13	13	NUM
easat-9655	41	20	]	]	PUNCT
easat-9655	41	21	.	.	PUNCT
easat-9655	42	1	•	•	NUM
easat-9655	42	2	enhance	enhance	VERB
easat-9655	42	3	firm	firm	ADJ
easat-9655	42	4	adaptability	adaptability	NOUN
easat-9655	42	5	:	:	PUNCT
easat-9655	42	6	innovation	innovation	NOUN
easat-9655	42	7	strategies	strategy	NOUN
easat-9655	42	8	enable	enable	VERB
easat-9655	42	9	firms	firm	NOUN
easat-9655	42	10	to	to	PART
easat-9655	42	11	adapt	adapt	VERB
easat-9655	42	12	more	more	ADV
easat-9655	42	13	quickly	quickly	ADV
easat-9655	42	14	to	to	ADP
easat-9655	42	15	market	market	NOUN
easat-9655	42	16	changes	change	NOUN
easat-9655	42	17	and	and	CCONJ
easat-9655	42	18	increase	increase	VERB
easat-9655	42	19	risk	risk	NOUN
easat-9655	42	20	resistance	resistance	NOUN
easat-9655	43	1	[	[	X
easat-9655	43	2	14	14	NUM
easat-9655	43	3	]	]	SYM
easat-9655	43	4	.	.	PUNCT
easat-9655	44	1	1582	1582	NUM
easat-9655	44	2	edelweiss	edelweiss	PROPN
easat-9655	44	3	applied	apply	VERB
easat-9655	44	4	science	science	NOUN
easat-9655	44	5	and	and	CCONJ
easat-9655	44	6	technology	technology	NOUN
easat-9655	44	7	issn	issn	PROPN
easat-9655	44	8	:	:	PUNCT
easat-9655	44	9	2576	2576	NUM
easat-9655	44	10	-	-	SYM
easat-9655	44	11	8484	8484	NUM
easat-9655	44	12	vol	vol	NOUN
easat-9655	44	13	.	.	PROPN
easat-9655	45	1	9	9	NUM
easat-9655	45	2	,	,	PUNCT
easat-9655	45	3	no	no	INTJ
easat-9655	45	4	.	.	NOUN
easat-9655	45	5	8	8	NUM
easat-9655	45	6	:	:	SYM
easat-9655	45	7	1580	1580	NUM
easat-9655	45	8	-	-	SYM
easat-9655	45	9	1595	1595	NUM
easat-9655	45	10	,	,	PUNCT
easat-9655	45	11	2025	2025	NUM
easat-9655	45	12	doi	doi	NOUN
easat-9655	45	13	:	:	PUNCT
easat-9655	45	14	10.55214/2576	10.55214/2576	NUM
easat-9655	45	15	-	-	PUNCT
easat-9655	45	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	46	1	©	©	ADP
easat-9655	46	2	2025	2025	NUM
easat-9655	46	3	by	by	ADP
easat-9655	46	4	the	the	DET
easat-9655	46	5	authors	author	NOUN
easat-9655	46	6	;	;	PUNCT
easat-9655	46	7	licensee	licensee	PROPN
easat-9655	46	8	learning	learning	NOUN
easat-9655	46	9	gate	gate	NOUN
easat-9655	46	10	2.3	2.3	NUM
easat-9655	46	11	.	.	PUNCT
easat-9655	47	1	the	the	DET
easat-9655	47	2	role	role	NOUN
easat-9655	47	3	of	of	ADP
easat-9655	47	4	digital	digital	ADJ
easat-9655	47	5	technology	technology	NOUN
easat-9655	47	6	in	in	ADP
easat-9655	47	7	innovation	innovation	NOUN
easat-9655	47	8	strategy	strategy	NOUN
easat-9655	47	9	the	the	DET
easat-9655	47	10	application	application	NOUN
easat-9655	47	11	of	of	ADP
easat-9655	47	12	digital	digital	ADJ
easat-9655	47	13	technologies	technology	NOUN
easat-9655	47	14	can	can	AUX
easat-9655	47	15	enhance	enhance	VERB
easat-9655	47	16	the	the	DET
easat-9655	47	17	effectiveness	effectiveness	NOUN
easat-9655	47	18	of	of	ADP
easat-9655	47	19	innovation	innovation	NOUN
easat-9655	47	20	strategies	strategy	NOUN
easat-9655	47	21	.	.	PUNCT
easat-9655	48	1	big	big	ADJ
easat-9655	48	2	data	datum	NOUN
easat-9655	48	3	analytics	analytic	NOUN
easat-9655	48	4	can	can	AUX
easat-9655	48	5	optimise	optimise	VERB
easat-9655	48	6	the	the	DET
easat-9655	48	7	decision	decision	NOUN
easat-9655	48	8	-	-	PUNCT
easat-9655	48	9	making	make	VERB
easat-9655	48	10	process	process	NOUN
easat-9655	48	11	and	and	CCONJ
easat-9655	48	12	improve	improve	VERB
easat-9655	48	13	the	the	DET
easat-9655	48	14	return	return	NOUN
easat-9655	48	15	on	on	ADP
easat-9655	48	16	innovation	innovation	NOUN
easat-9655	48	17	investment	investment	NOUN
easat-9655	48	18	;	;	PUNCT
easat-9655	48	19	artificial	artificial	ADJ
easat-9655	48	20	intelligence	intelligence	NOUN
easat-9655	48	21	and	and	CCONJ
easat-9655	48	22	cloud	cloud	NOUN
easat-9655	48	23	computing	computing	NOUN
easat-9655	48	24	can	can	AUX
easat-9655	48	25	accelerate	accelerate	VERB
easat-9655	48	26	product	product	NOUN
easat-9655	48	27	development	development	NOUN
easat-9655	48	28	and	and	CCONJ
easat-9655	48	29	improve	improve	VERB
easat-9655	48	30	innovation	innovation	NOUN
easat-9655	48	31	efficiency	efficiency	NOUN
easat-9655	48	32	[	[	X
easat-9655	48	33	13	13	NUM
easat-9655	48	34	]	]	PUNCT
easat-9655	48	35	.	.	PUNCT
easat-9655	49	1	however	however	ADV
easat-9655	49	2	,	,	PUNCT
easat-9655	49	3	some	some	DET
easat-9655	49	4	firms	firm	NOUN
easat-9655	49	5	fail	fail	VERB
easat-9655	49	6	to	to	PART
easat-9655	49	7	take	take	VERB
easat-9655	49	8	full	full	ADJ
easat-9655	49	9	advantage	advantage	NOUN
easat-9655	49	10	of	of	ADP
easat-9655	49	11	digital	digital	ADJ
easat-9655	49	12	technologies	technology	NOUN
easat-9655	49	13	due	due	ADJ
easat-9655	49	14	to	to	ADP
easat-9655	49	15	rigid	rigid	ADJ
easat-9655	49	16	management	management	NOUN
easat-9655	49	17	models	model	NOUN
easat-9655	49	18	or	or	CCONJ
easat-9655	49	19	insufficient	insufficient	ADJ
easat-9655	49	20	digital	digital	ADJ
easat-9655	49	21	capabilities	capability	NOUN
easat-9655	49	22	[	[	X
easat-9655	49	23	7	7	NUM
easat-9655	49	24	]	]	PUNCT
easat-9655	49	25	.	.	PUNCT
easat-9655	50	1	2.4	2.4	NUM
easat-9655	50	2	.	.	PUNCT
easat-9655	51	1	theoretical	theoretical	ADJ
easat-9655	51	2	perspective	perspective	NOUN
easat-9655	51	3	and	and	CCONJ
easat-9655	51	4	hypothesis	hypothesis	NOUN
easat-9655	51	5	development	development	NOUN
easat-9655	51	6	based	base	VERB
easat-9655	51	7	on	on	ADP
easat-9655	51	8	existing	exist	VERB
easat-9655	51	9	research	research	NOUN
easat-9655	51	10	,	,	PUNCT
easat-9655	51	11	this	this	DET
easat-9655	51	12	study	study	NOUN
easat-9655	51	13	combines	combine	VERB
easat-9655	51	14	resource	resource	NOUN
easat-9655	51	15	based	base	VERB
easat-9655	51	16	view	view	NOUN
easat-9655	51	17	,	,	PUNCT
easat-9655	51	18	dynamic	dynamic	ADJ
easat-9655	51	19	capability	capability	NOUN
easat-9655	51	20	theory	theory	NOUN
easat-9655	51	21	,	,	PUNCT
easat-9655	51	22	and	and	CCONJ
easat-9655	51	23	complementarity	complementarity	NOUN
easat-9655	51	24	theory	theory	NOUN
easat-9655	51	25	to	to	PART
easat-9655	51	26	analyse	analyse	VERB
easat-9655	51	27	the	the	DET
easat-9655	51	28	relationship	relationship	NOUN
easat-9655	51	29	between	between	ADP
easat-9655	51	30	innovation	innovation	NOUN
easat-9655	51	31	strategy	strategy	NOUN
easat-9655	51	32	,	,	PUNCT
easat-9655	51	33	digital	digital	ADJ
easat-9655	51	34	investment	investment	NOUN
easat-9655	51	35	and	and	CCONJ
easat-9655	51	36	firm	firm	ADJ
easat-9655	51	37	performance	performance	NOUN
easat-9655	51	38	.	.	PUNCT
easat-9655	52	1	2.4.1	2.4.1	NUM
easat-9655	52	2	.	.	PUNCT
easat-9655	52	3	resource	resource	NOUN
easat-9655	52	4	-	-	PUNCT
easat-9655	52	5	based	base	VERB
easat-9655	52	6	view	view	NOUN
easat-9655	52	7	(	(	PUNCT
easat-9655	52	8	rbv	rbv	NOUN
easat-9655	52	9	):	):	PUNCT
easat-9655	52	10	innovation	innovation	NOUN
easat-9655	52	11	strategy	strategy	NOUN
easat-9655	52	12	as	as	ADP
easat-9655	52	13	a	a	DET
easat-9655	52	14	core	core	NOUN
easat-9655	52	15	competencyax	competencyax	VERB
easat-9655	52	16	the	the	DET
easat-9655	52	17	resource	resource	NOUN
easat-9655	52	18	based	base	VERB
easat-9655	52	19	view	view	NOUN
easat-9655	52	20	(	(	PUNCT
easat-9655	52	21	rbv	rbv	NOUN
easat-9655	52	22	)	)	PUNCT
easat-9655	52	23	argues	argue	VERB
easat-9655	52	24	that	that	SCONJ
easat-9655	52	25	a	a	DET
easat-9655	52	26	firm	firm	NOUN
easat-9655	52	27	's	's	PART
easat-9655	52	28	core	core	NOUN
easat-9655	52	29	competence	competence	NOUN
easat-9655	52	30	is	be	AUX
easat-9655	52	31	derived	derive	VERB
easat-9655	52	32	from	from	ADP
easat-9655	52	33	unique	unique	ADJ
easat-9655	52	34	and	and	CCONJ
easat-9655	52	35	hard	hard	ADV
easat-9655	52	36	-	-	PUNCT
easat-9655	52	37	to	to	PART
easat-9655	52	38	-	-	PUNCT
easat-9655	52	39	imitate	imitate	VERB
easat-9655	52	40	resources	resource	NOUN
easat-9655	52	41	,	,	PUNCT
easat-9655	52	42	of	of	ADP
easat-9655	52	43	which	which	PRON
easat-9655	52	44	the	the	DET
easat-9655	52	45	ability	ability	NOUN
easat-9655	52	46	to	to	PART
easat-9655	52	47	innovate	innovate	VERB
easat-9655	52	48	is	be	AUX
easat-9655	52	49	a	a	DET
easat-9655	52	50	key	key	ADJ
easat-9655	52	51	element	element	NOUN
easat-9655	52	52	.	.	PUNCT
easat-9655	53	1	firms	firm	NOUN
easat-9655	53	2	form	form	VERB
easat-9655	53	3	technological	technological	ADJ
easat-9655	53	4	barriers	barrier	NOUN
easat-9655	53	5	through	through	ADP
easat-9655	53	6	continuous	continuous	ADJ
easat-9655	53	7	r&d	r&d	NOUN
easat-9655	53	8	investment	investment	NOUN
easat-9655	53	9	and	and	CCONJ
easat-9655	53	10	knowledge	knowledge	NOUN
easat-9655	53	11	accumulation	accumulation	NOUN
easat-9655	53	12	to	to	PART
easat-9655	53	13	improve	improve	VERB
easat-9655	53	14	performance	performance	NOUN
easat-9655	53	15	[	[	X
easat-9655	53	16	5	5	NUM
easat-9655	53	17	,	,	PUNCT
easat-9655	53	18	15	15	NUM
easat-9655	53	19	]	]	PUNCT
easat-9655	53	20	.	.	PUNCT
easat-9655	54	1	however	however	ADV
easat-9655	54	2	,	,	PUNCT
easat-9655	54	3	a	a	DET
easat-9655	54	4	single	single	ADJ
easat-9655	54	5	innovative	innovative	ADJ
easat-9655	54	6	resource	resource	NOUN
easat-9655	54	7	may	may	AUX
easat-9655	54	8	not	not	PART
easat-9655	54	9	be	be	AUX
easat-9655	54	10	sufficient	sufficient	ADJ
easat-9655	54	11	to	to	PART
easat-9655	54	12	be	be	AUX
easat-9655	54	13	transformed	transform	VERB
easat-9655	54	14	into	into	ADP
easat-9655	54	15	a	a	DET
easat-9655	54	16	competitive	competitive	ADJ
easat-9655	54	17	advantage	advantage	NOUN
easat-9655	54	18	,	,	PUNCT
easat-9655	54	19	and	and	CCONJ
easat-9655	54	20	the	the	DET
easat-9655	54	21	application	application	NOUN
easat-9655	54	22	of	of	ADP
easat-9655	54	23	digital	digital	ADJ
easat-9655	54	24	technology	technology	NOUN
easat-9655	54	25	can	can	AUX
easat-9655	54	26	act	act	VERB
easat-9655	54	27	as	as	ADP
easat-9655	54	28	a	a	DET
easat-9655	54	29	catalyst	catalyst	NOUN
easat-9655	54	30	to	to	PART
easat-9655	54	31	improve	improve	VERB
easat-9655	54	32	the	the	DET
easat-9655	54	33	efficiency	efficiency	NOUN
easat-9655	54	34	of	of	ADP
easat-9655	54	35	innovation	innovation	NOUN
easat-9655	54	36	transformation	transformation	NOUN
easat-9655	55	1	[	[	X
easat-9655	55	2	2	2	NUM
easat-9655	55	3	]	]	PUNCT
easat-9655	55	4	.	.	PUNCT
easat-9655	56	1	2.4.2	2.4.2	NUM
easat-9655	56	2	.	.	PUNCT
easat-9655	56	3	dynamic	dynamic	ADJ
easat-9655	56	4	capability	capability	NOUN
easat-9655	56	5	theory	theory	NOUN
easat-9655	56	6	(	(	PUNCT
easat-9655	56	7	dc	dc	PROPN
easat-9655	56	8	):	):	PUNCT
easat-9655	56	9	the	the	DET
easat-9655	56	10	amplifying	amplifying	ADJ
easat-9655	56	11	effect	effect	NOUN
easat-9655	56	12	of	of	ADP
easat-9655	56	13	digital	digital	ADJ
easat-9655	56	14	investment	investment	NOUN
easat-9655	56	15	dynamic	dynamic	ADJ
easat-9655	56	16	capability	capability	NOUN
easat-9655	56	17	theory	theory	NOUN
easat-9655	56	18	[	[	X
easat-9655	56	19	2	2	NUM
easat-9655	56	20	]	]	PUNCT
easat-9655	56	21	emphasises	emphasise	VERB
easat-9655	56	22	that	that	SCONJ
easat-9655	56	23	firms	firm	NOUN
easat-9655	56	24	need	need	VERB
easat-9655	56	25	to	to	PART
easat-9655	56	26	continuously	continuously	ADV
easat-9655	56	27	adjust	adjust	VERB
easat-9655	56	28	their	their	PRON
easat-9655	56	29	capability	capability	NOUN
easat-9655	56	30	structure	structure	NOUN
easat-9655	56	31	to	to	ADP
easat-9655	56	32	market	market	NOUN
easat-9655	56	33	changes	change	NOUN
easat-9655	56	34	in	in	ADP
easat-9655	56	35	a	a	DET
easat-9655	56	36	dynamic	dynamic	ADJ
easat-9655	56	37	environment	environment	NOUN
easat-9655	56	38	.	.	PUNCT
easat-9655	57	1	digital	digital	ADJ
easat-9655	57	2	investment	investment	NOUN
easat-9655	57	3	empowers	empower	VERB
easat-9655	57	4	firms	firm	NOUN
easat-9655	57	5	to	to	PART
easat-9655	57	6	quickly	quickly	ADV
easat-9655	57	7	adjust	adjust	VERB
easat-9655	57	8	their	their	PRON
easat-9655	57	9	innovation	innovation	NOUN
easat-9655	57	10	strategies	strategy	NOUN
easat-9655	57	11	and	and	CCONJ
easat-9655	57	12	improve	improve	VERB
easat-9655	57	13	resource	resource	NOUN
easat-9655	57	14	integration	integration	NOUN
easat-9655	57	15	[	[	X
easat-9655	57	16	16	16	NUM
easat-9655	57	17	]	]	PUNCT
easat-9655	57	18	.	.	PUNCT
easat-9655	58	1	research	research	NOUN
easat-9655	58	2	has	have	AUX
easat-9655	58	3	shown	show	VERB
easat-9655	58	4	that	that	SCONJ
easat-9655	58	5	digital	digital	ADJ
easat-9655	58	6	transformation	transformation	NOUN
easat-9655	58	7	not	not	PART
easat-9655	58	8	only	only	ADV
easat-9655	58	9	improves	improve	VERB
easat-9655	58	10	firms	firm	NOUN
easat-9655	58	11	'	'	PART
easat-9655	58	12	access	access	NOUN
easat-9655	58	13	to	to	ADP
easat-9655	58	14	external	external	ADJ
easat-9655	58	15	information	information	NOUN
easat-9655	58	16	,	,	PUNCT
easat-9655	58	17	but	but	CCONJ
easat-9655	58	18	also	also	ADV
easat-9655	58	19	optimises	optimise	VERB
easat-9655	58	20	internal	internal	ADJ
easat-9655	58	21	knowledge	knowledge	NOUN
easat-9655	58	22	management	management	NOUN
easat-9655	58	23	and	and	CCONJ
easat-9655	58	24	enables	enable	VERB
easat-9655	58	25	faster	fast	ADJ
easat-9655	58	26	commercialisation	commercialisation	NOUN
easat-9655	58	27	of	of	ADP
easat-9655	58	28	innovations	innovation	NOUN
easat-9655	58	29	[	[	X
easat-9655	58	30	17	17	NUM
easat-9655	58	31	]	]	PUNCT
easat-9655	58	32	.	.	PUNCT
easat-9655	59	1	2.4.3	2.4.3	X
easat-9655	59	2	.	.	PUNCT
easat-9655	59	3	complementarity	complementarity	NOUN
easat-9655	59	4	theory	theory	NOUN
easat-9655	59	5	:	:	PUNCT
easat-9655	59	6	synergies	synergy	NOUN
easat-9655	59	7	between	between	ADP
easat-9655	59	8	innovation	innovation	NOUN
easat-9655	59	9	strategies	strategy	NOUN
easat-9655	59	10	and	and	CCONJ
easat-9655	59	11	digital	digital	ADJ
easat-9655	59	12	investments	investment	NOUN
easat-9655	59	13	complementarity	complementarity	NOUN
easat-9655	59	14	theory	theory	NOUN
easat-9655	59	15	suggests	suggest	VERB
easat-9655	59	16	that	that	SCONJ
easat-9655	59	17	two	two	NUM
easat-9655	59	18	elements	element	NOUN
easat-9655	59	19	are	be	AUX
easat-9655	59	20	complementary	complementary	ADJ
easat-9655	59	21	when	when	SCONJ
easat-9655	59	22	they	they	PRON
easat-9655	59	23	bring	bring	VERB
easat-9655	59	24	additional	additional	ADJ
easat-9655	59	25	benefits	benefit	NOUN
easat-9655	59	26	when	when	SCONJ
easat-9655	59	27	combined	combine	VERB
easat-9655	59	28	[	[	X
easat-9655	59	29	18	18	NUM
easat-9655	59	30	]	]	PUNCT
easat-9655	59	31	.	.	PUNCT
easat-9655	60	1	in	in	ADP
easat-9655	60	2	corporate	corporate	ADJ
easat-9655	60	3	innovation	innovation	NOUN
easat-9655	60	4	strategies	strategy	NOUN
easat-9655	60	5	,	,	PUNCT
easat-9655	60	6	digital	digital	ADJ
easat-9655	60	7	investments	investment	NOUN
easat-9655	60	8	not	not	PART
easat-9655	60	9	only	only	ADV
easat-9655	60	10	optimise	optimise	VERB
easat-9655	60	11	the	the	DET
easat-9655	60	12	innovation	innovation	NOUN
easat-9655	60	13	process	process	NOUN
easat-9655	60	14	,	,	PUNCT
easat-9655	60	15	but	but	CCONJ
easat-9655	60	16	also	also	ADV
easat-9655	60	17	increase	increase	VERB
easat-9655	60	18	the	the	DET
easat-9655	60	19	marketability	marketability	NOUN
easat-9655	60	20	success	success	NOUN
easat-9655	60	21	of	of	ADP
easat-9655	60	22	innovations	innovation	NOUN
easat-9655	60	23	.	.	PUNCT
easat-9655	61	1	for	for	ADP
easat-9655	61	2	example	example	NOUN
easat-9655	61	3	,	,	PUNCT
easat-9655	61	4	firms	firm	NOUN
easat-9655	61	5	'	'	PART
easat-9655	61	6	investments	investment	NOUN
easat-9655	61	7	in	in	ADP
easat-9655	61	8	big	big	ADJ
easat-9655	61	9	data	datum	NOUN
easat-9655	61	10	analytics	analytic	NOUN
easat-9655	61	11	,	,	PUNCT
easat-9655	61	12	artificial	artificial	ADJ
easat-9655	61	13	intelligence	intelligence	NOUN
easat-9655	61	14	,	,	PUNCT
easat-9655	61	15	and	and	CCONJ
easat-9655	61	16	cloud	cloud	NOUN
easat-9655	61	17	computing	computing	NOUN
easat-9655	61	18	can	can	AUX
easat-9655	61	19	improve	improve	VERB
easat-9655	61	20	r&d	r&d	NOUN
easat-9655	61	21	efficiency	efficiency	NOUN
easat-9655	61	22	and	and	CCONJ
easat-9655	61	23	help	help	VERB
easat-9655	61	24	firms	firm	NOUN
easat-9655	61	25	bring	bring	VERB
easat-9655	61	26	innovative	innovative	ADJ
easat-9655	61	27	products	product	NOUN
easat-9655	61	28	to	to	ADP
easat-9655	61	29	market	market	VERB
easat-9655	61	30	faster	fast	ADV
easat-9655	61	31	[	[	X
easat-9655	61	32	19	19	NUM
easat-9655	61	33	]	]	PUNCT
easat-9655	61	34	.	.	PUNCT
easat-9655	62	1	2.5	2.5	NUM
easat-9655	62	2	.	.	PUNCT
easat-9655	63	1	how	how	SCONJ
easat-9655	63	2	digital	digital	ADJ
easat-9655	63	3	technology	technology	NOUN
easat-9655	63	4	enhances	enhance	VERB
easat-9655	63	5	enterprise	enterprise	NOUN
easat-9655	63	6	innovation	innovation	NOUN
easat-9655	63	7	capability	capability	NOUN
easat-9655	63	8	in	in	ADP
easat-9655	63	9	the	the	DET
easat-9655	63	10	enterprise	enterprise	NOUN
easat-9655	63	11	innovation	innovation	NOUN
easat-9655	63	12	strategy	strategy	NOUN
easat-9655	63	13	,	,	PUNCT
easat-9655	63	14	the	the	DET
easat-9655	63	15	application	application	NOUN
easat-9655	63	16	of	of	ADP
easat-9655	63	17	digital	digital	ADJ
easat-9655	63	18	technology	technology	NOUN
easat-9655	63	19	can	can	AUX
easat-9655	63	20	not	not	PART
easat-9655	63	21	only	only	ADV
easat-9655	63	22	improve	improve	VERB
easat-9655	63	23	the	the	DET
easat-9655	63	24	innovation	innovation	NOUN
easat-9655	63	25	efficiency	efficiency	NOUN
easat-9655	63	26	,	,	PUNCT
easat-9655	63	27	but	but	CCONJ
easat-9655	63	28	also	also	ADV
easat-9655	63	29	optimise	optimise	VERB
easat-9655	63	30	the	the	DET
easat-9655	63	31	allocation	allocation	NOUN
easat-9655	63	32	of	of	ADP
easat-9655	63	33	enterprise	enterprise	NOUN
easat-9655	63	34	resources	resource	NOUN
easat-9655	63	35	,	,	PUNCT
easat-9655	63	36	reduce	reduce	VERB
easat-9655	63	37	the	the	DET
easat-9655	63	38	cost	cost	NOUN
easat-9655	63	39	of	of	ADP
easat-9655	63	40	innovation	innovation	NOUN
easat-9655	63	41	,	,	PUNCT
easat-9655	63	42	and	and	CCONJ
easat-9655	63	43	improve	improve	VERB
easat-9655	63	44	the	the	DET
easat-9655	63	45	speed	speed	NOUN
easat-9655	63	46	of	of	ADP
easat-9655	63	47	market	market	NOUN
easat-9655	63	48	response	response	NOUN
easat-9655	63	49	.	.	PUNCT
easat-9655	64	1	in	in	ADP
easat-9655	64	2	recent	recent	ADJ
easat-9655	64	3	years	year	NOUN
easat-9655	64	4	,	,	PUNCT
easat-9655	64	5	technologies	technology	NOUN
easat-9655	64	6	such	such	ADJ
easat-9655	64	7	as	as	ADP
easat-9655	64	8	big	big	ADJ
easat-9655	64	9	data	datum	NOUN
easat-9655	64	10	,	,	PUNCT
easat-9655	64	11	artificial	artificial	ADJ
easat-9655	64	12	intelligence	intelligence	NOUN
easat-9655	64	13	(	(	PUNCT
easat-9655	64	14	ai	ai	NOUN
easat-9655	64	15	)	)	PUNCT
easat-9655	64	16	,	,	PUNCT
easat-9655	64	17	cloud	cloud	NOUN
easat-9655	64	18	computing	computing	NOUN
easat-9655	64	19	and	and	CCONJ
easat-9655	64	20	blockchain	blockchain	PROPN
easat-9655	64	21	have	have	AUX
easat-9655	64	22	become	become	VERB
easat-9655	64	23	the	the	DET
easat-9655	64	24	core	core	NOUN
easat-9655	64	25	driving	driving	NOUN
easat-9655	64	26	force	force	NOUN
easat-9655	64	27	of	of	ADP
easat-9655	64	28	enterprise	enterprise	NOUN
easat-9655	64	29	innovation	innovation	NOUN
easat-9655	64	30	.	.	PUNCT
easat-9655	65	1	2.5.1	2.5.1	X
easat-9655	65	2	.	.	PUNCT
easat-9655	66	1	digital	digital	ADJ
easat-9655	66	2	technology	technology	NOUN
easat-9655	66	3	reduces	reduce	VERB
easat-9655	66	4	innovation	innovation	NOUN
easat-9655	66	5	costs	cost	NOUN
easat-9655	66	6	and	and	CCONJ
easat-9655	66	7	improves	improve	VERB
easat-9655	66	8	innovation	innovation	NOUN
easat-9655	66	9	efficiency	efficiency	NOUN
easat-9655	66	10	traditional	traditional	ADJ
easat-9655	66	11	innovation	innovation	NOUN
easat-9655	66	12	activities	activity	NOUN
easat-9655	66	13	usually	usually	ADV
easat-9655	66	14	face	face	VERB
easat-9655	66	15	the	the	DET
easat-9655	66	16	problems	problem	NOUN
easat-9655	66	17	of	of	ADP
easat-9655	66	18	high	high	ADJ
easat-9655	66	19	cost	cost	NOUN
easat-9655	66	20	,	,	PUNCT
easat-9655	66	21	high	high	ADJ
easat-9655	66	22	risk	risk	NOUN
easat-9655	66	23	and	and	CCONJ
easat-9655	66	24	long	long	ADJ
easat-9655	66	25	cycle	cycle	NOUN
easat-9655	66	26	time	time	NOUN
easat-9655	66	27	.	.	PUNCT
easat-9655	67	1	the	the	DET
easat-9655	67	2	introduction	introduction	NOUN
easat-9655	67	3	of	of	ADP
easat-9655	67	4	digital	digital	ADJ
easat-9655	67	5	technology	technology	NOUN
easat-9655	67	6	allows	allow	VERB
easat-9655	67	7	enterprises	enterprise	NOUN
easat-9655	67	8	to	to	PART
easat-9655	67	9	accurately	accurately	ADV
easat-9655	67	10	predict	predict	VERB
easat-9655	67	11	market	market	NOUN
easat-9655	67	12	demand	demand	NOUN
easat-9655	67	13	through	through	ADP
easat-9655	67	14	big	big	ADJ
easat-9655	67	15	data	datum	NOUN
easat-9655	67	16	analysis	analysis	NOUN
easat-9655	67	17	and	and	CCONJ
easat-9655	67	18	reduce	reduce	VERB
easat-9655	67	19	ineffective	ineffective	ADJ
easat-9655	67	20	r&d	r&d	NOUN
easat-9655	67	21	inv	inv	NOUN
easat-9655	67	22	.	.	PUNCT
easat-9655	68	1	2.5.2	2.5.2	NUM
easat-9655	68	2	.	.	PUNCT
easat-9655	69	1	digital	digital	ADJ
easat-9655	69	2	technology	technology	NOUN
easat-9655	69	3	enhances	enhance	VERB
easat-9655	69	4	the	the	DET
easat-9655	69	5	resource	resource	NOUN
easat-9655	69	6	integration	integration	NOUN
easat-9655	69	7	capability	capability	NOUN
easat-9655	69	8	of	of	ADP
easat-9655	69	9	enterprises	enterprise	NOUN
easat-9655	69	10	based	base	VERB
easat-9655	69	11	on	on	ADP
easat-9655	69	12	the	the	DET
easat-9655	69	13	resource	resource	NOUN
easat-9655	69	14	-	-	PUNCT
easat-9655	69	15	based	base	VERB
easat-9655	69	16	view	view	NOUN
easat-9655	69	17	(	(	PUNCT
easat-9655	69	18	rbv	rbv	NOUN
easat-9655	69	19	)	)	PUNCT
easat-9655	69	20	,	,	PUNCT
easat-9655	69	21	the	the	DET
easat-9655	69	22	key	key	NOUN
easat-9655	69	23	to	to	ADP
easat-9655	69	24	enterprise	enterprise	NOUN
easat-9655	69	25	innovation	innovation	NOUN
easat-9655	69	26	lies	lie	VERB
easat-9655	69	27	in	in	ADP
easat-9655	69	28	resource	resource	NOUN
easat-9655	69	29	acquisition	acquisition	NOUN
easat-9655	69	30	and	and	CCONJ
easat-9655	69	31	integration	integration	NOUN
easat-9655	69	32	.	.	PUNCT
easat-9655	70	1	digital	digital	ADJ
easat-9655	70	2	technology	technology	NOUN
easat-9655	70	3	enhances	enhance	VERB
easat-9655	70	4	firms	firm	NOUN
easat-9655	70	5	'	'	PART
easat-9655	70	6	ability	ability	NOUN
easat-9655	70	7	to	to	PART
easat-9655	70	8	innovate	innovate	VERB
easat-9655	70	9	in	in	ADP
easat-9655	70	10	the	the	DET
easat-9655	70	11	following	following	ADJ
easat-9655	70	12	way	way	NOUN
easat-9655	70	13	:	:	PUNCT
easat-9655	70	14	1583	1583	NUM
easat-9655	70	15	edelweiss	edelweiss	PROPN
easat-9655	70	16	applied	apply	VERB
easat-9655	70	17	science	science	NOUN
easat-9655	70	18	and	and	CCONJ
easat-9655	70	19	technology	technology	NOUN
easat-9655	70	20	issn	issn	PROPN
easat-9655	70	21	:	:	PUNCT
easat-9655	70	22	2576	2576	NUM
easat-9655	70	23	-	-	SYM
easat-9655	70	24	8484	8484	NUM
easat-9655	70	25	vol	vol	NOUN
easat-9655	70	26	.	.	PROPN
easat-9655	71	1	9	9	NUM
easat-9655	71	2	,	,	PUNCT
easat-9655	71	3	no	no	INTJ
easat-9655	71	4	.	.	NOUN
easat-9655	71	5	8	8	NUM
easat-9655	71	6	:	:	SYM
easat-9655	71	7	1580	1580	NUM
easat-9655	71	8	-	-	SYM
easat-9655	71	9	1595	1595	NUM
easat-9655	71	10	,	,	PUNCT
easat-9655	71	11	2025	2025	NUM
easat-9655	71	12	doi	doi	NOUN
easat-9655	71	13	:	:	PUNCT
easat-9655	71	14	10.55214/2576	10.55214/2576	NUM
easat-9655	71	15	-	-	PUNCT
easat-9655	71	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	72	1	©	©	ADP
easat-9655	72	2	2025	2025	NUM
easat-9655	72	3	by	by	ADP
easat-9655	72	4	the	the	DET
easat-9655	72	5	authors	author	NOUN
easat-9655	72	6	;	;	PUNCT
easat-9655	72	7	licensee	licensee	PROPN
easat-9655	72	8	learning	learn	VERB
easat-9655	72	9	gate	gate	NOUN
easat-9655	72	10	platform	platform	NOUN
easat-9655	72	11	-	-	PUNCT
easat-9655	72	12	based	base	VERB
easat-9655	72	13	innovation	innovation	NOUN
easat-9655	72	14	:	:	PUNCT
easat-9655	72	15	by	by	ADP
easat-9655	72	16	leveraging	leverage	VERB
easat-9655	72	17	the	the	DET
easat-9655	72	18	computing	computing	NOUN
easat-9655	72	19	power	power	NOUN
easat-9655	72	20	and	and	CCONJ
easat-9655	72	21	data	datum	NOUN
easat-9655	72	22	sharing	share	VERB
easat-9655	72	23	capabilities	capability	NOUN
easat-9655	72	24	provided	provide	VERB
easat-9655	72	25	by	by	ADP
easat-9655	72	26	cloud	cloud	NOUN
easat-9655	72	27	platforms	platform	NOUN
easat-9655	72	28	,	,	PUNCT
easat-9655	72	29	firms	firm	NOUN
easat-9655	72	30	can	can	AUX
easat-9655	72	31	integrate	integrate	VERB
easat-9655	72	32	external	external	ADJ
easat-9655	72	33	resources	resource	NOUN
easat-9655	72	34	and	and	CCONJ
easat-9655	72	35	increase	increase	VERB
easat-9655	72	36	the	the	DET
easat-9655	72	37	success	success	NOUN
easat-9655	72	38	rate	rate	NOUN
easat-9655	72	39	of	of	ADP
easat-9655	72	40	innovation	innovation	NOUN
easat-9655	72	41	[	[	X
easat-9655	72	42	12	12	NUM
easat-9655	72	43	]	]	PUNCT
easat-9655	72	44	.	.	PUNCT
easat-9655	73	1	2.5.3	2.5.3	NUM
easat-9655	73	2	.	.	PUNCT
easat-9655	73	3	digital	digital	PROPN
easat-9655	73	4	technologies	technology	NOUN
easat-9655	73	5	increase	increase	VERB
easat-9655	73	6	the	the	DET
easat-9655	73	7	marketability	marketability	NOUN
easat-9655	73	8	of	of	ADP
easat-9655	73	9	innovations	innovation	NOUN
easat-9655	73	10	innovation	innovation	NOUN
easat-9655	73	11	is	be	AUX
easat-9655	73	12	not	not	PART
easat-9655	73	13	only	only	ADV
easat-9655	73	14	about	about	ADP
easat-9655	73	15	technology	technology	NOUN
easat-9655	73	16	development	development	NOUN
easat-9655	73	17	,	,	PUNCT
easat-9655	73	18	but	but	CCONJ
easat-9655	73	19	also	also	ADV
easat-9655	73	20	about	about	ADP
easat-9655	73	21	the	the	DET
easat-9655	73	22	marketisation	marketisation	NOUN
easat-9655	73	23	of	of	ADP
easat-9655	73	24	innovation	innovation	NOUN
easat-9655	73	25	.	.	PUNCT
easat-9655	74	1	digital	digital	ADJ
easat-9655	74	2	technology	technology	NOUN
easat-9655	74	3	can	can	AUX
easat-9655	74	4	increase	increase	VERB
easat-9655	74	5	market	market	NOUN
easat-9655	74	6	acceptance	acceptance	NOUN
easat-9655	74	7	of	of	ADP
easat-9655	74	8	product	product	NOUN
easat-9655	74	9	innovations	innovation	NOUN
easat-9655	74	10	:	:	PUNCT
easat-9655	74	11	for	for	ADP
easat-9655	74	12	example	example	NOUN
easat-9655	74	13	,	,	PUNCT
easat-9655	74	14	ai	ai	VERB
easat-9655	74	15	can	can	AUX
easat-9655	74	16	be	be	AUX
easat-9655	74	17	used	use	VERB
easat-9655	74	18	to	to	PART
easat-9655	74	19	analyse	analyse	VERB
easat-9655	74	20	user	user	NOUN
easat-9655	74	21	behaviour	behaviour	NOUN
easat-9655	74	22	,	,	PUNCT
easat-9655	74	23	optimise	optimise	ADJ
easat-9655	74	24	product	product	NOUN
easat-9655	74	25	design	design	NOUN
easat-9655	74	26	and	and	CCONJ
easat-9655	74	27	improve	improve	VERB
easat-9655	74	28	market	market	NOUN
easat-9655	74	29	fit	fit	NOUN
easat-9655	75	1	[	[	X
easat-9655	75	2	20	20	NUM
easat-9655	75	3	]	]	PUNCT
easat-9655	75	4	.	.	PUNCT
easat-9655	76	1	3	3	X
easat-9655	76	2	.	.	X
easat-9655	76	3	research	research	NOUN
easat-9655	76	4	design	design	PROPN
easat-9655	76	5	3.1	3.1	NUM
easat-9655	76	6	.	.	PUNCT
easat-9655	76	7	research	research	NOUN
easat-9655	76	8	model	model	NOUN
easat-9655	76	9	in	in	ADP
easat-9655	76	10	order	order	NOUN
easat-9655	76	11	to	to	PART
easat-9655	76	12	test	test	VERB
easat-9655	76	13	the	the	DET
easat-9655	76	14	impact	impact	NOUN
easat-9655	76	15	of	of	ADP
easat-9655	76	16	innovation	innovation	NOUN
easat-9655	76	17	strategy	strategy	NOUN
easat-9655	76	18	on	on	ADP
easat-9655	76	19	corporate	corporate	ADJ
easat-9655	76	20	performance	performance	NOUN
easat-9655	76	21	and	and	CCONJ
easat-9655	76	22	to	to	PART
easat-9655	76	23	analyse	analyse	VERB
easat-9655	76	24	the	the	DET
easat-9655	76	25	moderating	moderate	VERB
easat-9655	76	26	role	role	NOUN
easat-9655	76	27	of	of	ADP
easat-9655	76	28	digital	digital	ADJ
easat-9655	76	29	technology	technology	NOUN
easat-9655	76	30	,	,	PUNCT
easat-9655	76	31	the	the	DET
easat-9655	76	32	following	follow	VERB
easat-9655	76	33	regression	regression	NOUN
easat-9655	76	34	models	model	NOUN
easat-9655	76	35	are	be	AUX
easat-9655	76	36	constructed	construct	VERB
easat-9655	76	37	:	:	PUNCT
easat-9655	76	38	3.1.1	3.1.1	X
easat-9655	76	39	.	.	PUNCT
easat-9655	76	40	base	base	NOUN
easat-9655	76	41	regression	regression	NOUN
easat-9655	76	42	model	model	NOUN
easat-9655	76	43	(	(	PUNCT
easat-9655	76	44	ols	ols	PROPN
easat-9655	76	45	)	)	PUNCT
easat-9655	76	46	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	76	47	=	=	PUNCT
easat-9655	76	48	α	α	PROPN
easat-9655	76	49	+	+	PROPN
easat-9655	76	50	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	76	51	+	+	CCONJ
easat-9655	76	52	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	76	53	+	+	CCONJ
easat-9655	76	54	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	76	55	-𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	-𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	76	56	represents	represent	VERB
easat-9655	76	57	the	the	DET
easat-9655	76	58	performance	performance	NOUN
easat-9655	76	59	of	of	ADP
easat-9655	76	60	firm	firm	NOUN
easat-9655	76	61	𝑖	𝑖	NOUN
easat-9655	76	62	at	at	ADP
easat-9655	76	63	time	time	NOUN
easat-9655	76	64	𝑡	𝑡	PRON
easat-9655	76	65	measured	measure	VERB
easat-9655	76	66	by	by	ADP
easat-9655	76	67	roa	roa	PROPN
easat-9655	76	68	and	and	CCONJ
easat-9655	76	69	tobin	tobin	PROPN
easat-9655	76	70	's	's	PART
easat-9655	76	71	q.	q.	PROPN
easat-9655	76	72	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	76	73	represents	represent	VERB
easat-9655	76	74	the	the	DET
easat-9655	76	75	innovation	innovation	NOUN
easat-9655	76	76	strategy	strategy	NOUN
easat-9655	76	77	of	of	ADP
easat-9655	76	78	the	the	DET
easat-9655	76	79	firm	firm	NOUN
easat-9655	76	80	,	,	PUNCT
easat-9655	76	81	which	which	PRON
easat-9655	76	82	is	be	AUX
easat-9655	76	83	measured	measure	VERB
easat-9655	76	84	by	by	ADP
easat-9655	76	85	the	the	DET
easat-9655	76	86	intensity	intensity	NOUN
easat-9655	76	87	of	of	ADP
easat-9655	76	88	r&d	r&d	NOUN
easat-9655	76	89	investment	investment	NOUN
easat-9655	76	90	and	and	CCONJ
easat-9655	76	91	the	the	DET
easat-9655	76	92	number	number	NOUN
easat-9655	76	93	of	of	ADP
easat-9655	76	94	patents	patent	NOUN
easat-9655	76	95	.	.	PUNCT
easat-9655	77	1	𝑋𝑖𝑡	𝑋𝑖𝑡	VERB
easat-9655	77	2	is	be	AUX
easat-9655	77	3	a	a	DET
easat-9655	77	4	control	control	NOUN
easat-9655	77	5	variable	variable	NOUN
easat-9655	77	6	,	,	PUNCT
easat-9655	77	7	including	include	VERB
easat-9655	77	8	firm	firm	ADJ
easat-9655	77	9	size	size	NOUN
easat-9655	77	10	,	,	PUNCT
easat-9655	77	11	leverage	leverage	NOUN
easat-9655	77	12	ratio	ratio	NOUN
easat-9655	77	13	,	,	PUNCT
easat-9655	77	14	and	and	CCONJ
easat-9655	77	15	market	market	NOUN
easat-9655	77	16	competition	competition	NOUN
easat-9655	77	17	intensity	intensity	NOUN
easat-9655	77	18	.	.	PUNCT
easat-9655	78	1	3.1.2	3.1.2	X
easat-9655	78	2	.	.	NOUN
easat-9655	78	3	mediated	mediate	VERB
easat-9655	78	4	effect	effect	NOUN
easat-9655	78	5	model	model	NOUN
easat-9655	78	6	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐶𝑎𝑝𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐶𝑎𝑝𝑖𝑡	PROPN
easat-9655	78	7	=	=	PUNCT
easat-9655	78	8	α	α	PROPN
easat-9655	78	9	+	+	PROPN
easat-9655	78	10	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	78	11	+	+	CCONJ
easat-9655	78	12	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	78	13	+	+	CCONJ
easat-9655	78	14	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	78	15	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	78	16	=	=	PUNCT
easat-9655	78	17	α	α	PROPN
easat-9655	78	18	+	+	X
easat-9655	78	19	β2𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐶𝑎𝑝𝑖𝑡	β2𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐶𝑎𝑝𝑖𝑡	PROPN
easat-9655	79	1	+	+	CCONJ
easat-9655	79	2	β3𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β3𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	ADJ
easat-9655	79	3	+	+	X
easat-9655	79	4	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	79	5	+	+	CCONJ
easat-9655	79	6	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	79	7	if	if	SCONJ
easat-9655	79	8	both	both	PRON
easat-9655	79	9	𝛽1and	𝛽1and	ADP
easat-9655	79	10	𝛽2are	𝛽2are	PROPN
easat-9655	79	11	significant	significant	ADJ
easat-9655	79	12	,	,	PUNCT
easat-9655	79	13	innovation	innovation	NOUN
easat-9655	79	14	capability	capability	NOUN
easat-9655	79	15	mediates	mediate	VERB
easat-9655	79	16	the	the	DET
easat-9655	79	17	relationship	relationship	NOUN
easat-9655	79	18	between	between	ADP
easat-9655	79	19	innovation	innovation	NOUN
easat-9655	79	20	strategy	strategy	NOUN
easat-9655	79	21	and	and	CCONJ
easat-9655	79	22	firm	firm	ADJ
easat-9655	79	23	performance	performance	NOUN
easat-9655	79	24	.	.	PUNCT
easat-9655	80	1	3.1.3	3.1.3	X
easat-9655	80	2	.	.	X
easat-9655	80	3	moderating	moderate	VERB
easat-9655	80	4	effect	effect	NOUN
easat-9655	80	5	model	model	NOUN
easat-9655	80	6	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	80	7	=	=	PUNCT
easat-9655	80	8	α	α	PROPN
easat-9655	81	1	+	+	PROPN
easat-9655	82	1	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	83	1	+	+	CCONJ
easat-9655	84	1	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	85	1	+	+	CCONJ
easat-9655	85	2	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	85	3	×	×	PROPN
easat-9655	85	4	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	85	5	)	)	PUNCT
easat-9655	86	1	+	+	CCONJ
easat-9655	86	2	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	86	3	+	+	CCONJ
easat-9655	86	4	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	86	5	if	if	SCONJ
easat-9655	86	6	the	the	DET
easat-9655	86	7	interaction	interaction	NOUN
easat-9655	86	8	term	term	NOUN
easat-9655	86	9	(	(	PUNCT
easat-9655	86	10	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	86	11	×	×	NOUN
easat-9655	86	12	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	86	13	)	)	PUNCT
easat-9655	86	14	is	be	AUX
easat-9655	86	15	significant	significant	ADJ
easat-9655	87	1	,	,	PUNCT
easat-9655	87	2	it	it	PRON
easat-9655	87	3	suggests	suggest	VERB
easat-9655	87	4	that	that	SCONJ
easat-9655	87	5	digital	digital	ADJ
easat-9655	87	6	technology	technology	NOUN
easat-9655	87	7	enhances	enhance	VERB
easat-9655	87	8	the	the	DET
easat-9655	87	9	impact	impact	NOUN
easat-9655	87	10	of	of	ADP
easat-9655	87	11	innovation	innovation	NOUN
easat-9655	87	12	strategy	strategy	NOUN
easat-9655	87	13	on	on	ADP
easat-9655	87	14	firm	firm	ADJ
easat-9655	87	15	performance	performance	NOUN
easat-9655	87	16	.	.	PUNCT
easat-9655	88	1	1584	1584	NUM
easat-9655	88	2	edelweiss	edelweiss	PROPN
easat-9655	88	3	applied	apply	VERB
easat-9655	88	4	science	science	NOUN
easat-9655	88	5	and	and	CCONJ
easat-9655	88	6	technology	technology	NOUN
easat-9655	88	7	issn	issn	PROPN
easat-9655	88	8	:	:	PUNCT
easat-9655	88	9	2576	2576	NUM
easat-9655	88	10	-	-	SYM
easat-9655	88	11	8484	8484	NUM
easat-9655	88	12	vol	vol	NOUN
easat-9655	88	13	.	.	PROPN
easat-9655	89	1	9	9	NUM
easat-9655	89	2	,	,	PUNCT
easat-9655	89	3	no	no	INTJ
easat-9655	89	4	.	.	NOUN
easat-9655	89	5	8	8	NUM
easat-9655	89	6	:	:	SYM
easat-9655	89	7	1580	1580	NUM
easat-9655	89	8	-	-	SYM
easat-9655	89	9	1595	1595	NUM
easat-9655	89	10	,	,	PUNCT
easat-9655	89	11	2025	2025	NUM
easat-9655	89	12	doi	doi	NOUN
easat-9655	89	13	:	:	PUNCT
easat-9655	89	14	10.55214/2576	10.55214/2576	NUM
easat-9655	89	15	-	-	PUNCT
easat-9655	89	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	90	1	©	©	ADP
easat-9655	90	2	2025	2025	NUM
easat-9655	90	3	by	by	ADP
easat-9655	90	4	the	the	DET
easat-9655	90	5	authors	author	NOUN
easat-9655	90	6	;	;	PUNCT
easat-9655	90	7	licensee	licensee	PROPN
easat-9655	90	8	learning	learning	NOUN
easat-9655	90	9	gate	gate	NOUN
easat-9655	90	10	3.2	3.2	NUM
easat-9655	90	11	.	.	PUNCT
easat-9655	91	1	definition	definition	NOUN
easat-9655	91	2	of	of	ADP
easat-9655	91	3	variables	variable	NOUN
easat-9655	91	4	table	table	NOUN
easat-9655	91	5	1	1	NUM
easat-9655	91	6	.	.	PUNCT
easat-9655	92	1	definition	definition	NOUN
easat-9655	92	2	of	of	ADP
easat-9655	92	3	variables	variable	NOUN
easat-9655	92	4	mentioned	mention	VERB
easat-9655	92	5	in	in	ADP
easat-9655	92	6	the	the	DET
easat-9655	92	7	article	article	NOUN
easat-9655	92	8	.	.	PUNCT
easat-9655	93	1	(	(	PUNCT
easat-9655	93	2	1	1	X
easat-9655	93	3	)	)	PUNCT
easat-9655	93	4	dependent	dependent	ADJ
easat-9655	93	5	variable	variable	NOUN
easat-9655	93	6	(	(	PUNCT
easat-9655	93	7	firm	firm	ADJ
easat-9655	93	8	performance	performance	NOUN
easat-9655	93	9	)	)	PUNCT
easat-9655	93	10	variable	variable	ADJ
easat-9655	93	11	symbol	symbol	NOUN
easat-9655	93	12	calculation	calculation	NOUN
easat-9655	93	13	method	method	NOUN
easat-9655	93	14	return	return	NOUN
easat-9655	93	15	on	on	ADP
easat-9655	93	16	assets	asset	NOUN
easat-9655	93	17	roa	roa	PROPN
easat-9655	93	18	net	net	ADJ
easat-9655	93	19	profit	profit	NOUN
easat-9655	93	20	/	/	SYM
easat-9655	93	21	total	total	ADJ
easat-9655	93	22	assets	asset	NOUN
easat-9655	93	23	tobin	tobin	NOUN
easat-9655	93	24	's	's	PART
easat-9655	93	25	q	q	PROPN
easat-9655	93	26	tobinq	tobinq	ADJ
easat-9655	93	27	market	market	NOUN
easat-9655	93	28	capitalisation	capitalisation	NOUN
easat-9655	93	29	/	/	SYM
easat-9655	93	30	book	book	NOUN
easat-9655	93	31	value	value	NOUN
easat-9655	93	32	of	of	ADP
easat-9655	93	33	assets	asset	NOUN
easat-9655	93	34	(	(	PUNCT
easat-9655	93	35	2	2	NUM
easat-9655	93	36	)	)	PUNCT
easat-9655	93	37	dependent	dependent	ADJ
easat-9655	93	38	variable	variable	NOUN
easat-9655	93	39	(	(	PUNCT
easat-9655	93	40	innovation	innovation	NOUN
easat-9655	93	41	strategy	strategy	NOUN
easat-9655	93	42	)	)	PUNCT
easat-9655	93	43	variable	variable	ADJ
easat-9655	93	44	symbol	symbol	NOUN
easat-9655	93	45	calculation	calculation	NOUN
easat-9655	93	46	method	method	NOUN
easat-9655	93	47	r&d	r&d	NOUN
easat-9655	93	48	intensity	intensity	NOUN
easat-9655	93	49	r&d	r&d	NOUN
easat-9655	93	50	r&d	r&d	NOUN
easat-9655	93	51	investment	investment	NOUN
easat-9655	93	52	/	/	SYM
easat-9655	93	53	revenue	revenue	NOUN
easat-9655	93	54	number	number	NOUN
easat-9655	93	55	of	of	ADP
easat-9655	93	56	patents	patent	NOUN
easat-9655	93	57	patent	patent	NOUN
easat-9655	93	58	total	total	ADJ
easat-9655	93	59	number	number	NOUN
easat-9655	93	60	of	of	ADP
easat-9655	93	61	patent	patent	NOUN
easat-9655	93	62	applications	application	NOUN
easat-9655	93	63	(	(	PUNCT
easat-9655	93	64	3	3	X
easat-9655	93	65	)	)	PUNCT
easat-9655	93	66	mediating	mediate	VERB
easat-9655	93	67	variable	variable	NOUN
easat-9655	93	68	(	(	PUNCT
easat-9655	93	69	innovation	innovation	NOUN
easat-9655	93	70	capability	capability	NOUN
easat-9655	93	71	)	)	PUNCT
easat-9655	93	72	variable	variable	ADJ
easat-9655	93	73	symbol	symbol	NOUN
easat-9655	93	74	calculation	calculation	NOUN
easat-9655	93	75	method	method	NOUN
easat-9655	93	76	innovation	innovation	NOUN
easat-9655	93	77	index	index	NOUN
easat-9655	93	78	innovation	innovation	NOUN
easat-9655	93	79	index	index	NOUN
easat-9655	93	80	patents	patent	NOUN
easat-9655	93	81	+	+	CCONJ
easat-9655	93	82	r&d	r&d	NOUN
easat-9655	93	83	normalised	normalise	VERB
easat-9655	93	84	index	index	NOUN
easat-9655	93	85	techspillover	techspillover	PROPN
easat-9655	93	86	techspillover	techspillover	PROPN
easat-9655	93	87	r&d	r&d	NOUN
easat-9655	93	88	external	external	ADJ
easat-9655	93	89	collaboration	collaboration	NOUN
easat-9655	93	90	ratio	ratio	NOUN
easat-9655	93	91	(	(	PUNCT
easat-9655	93	92	4	4	X
easat-9655	93	93	)	)	PUNCT
easat-9655	93	94	moderating	moderate	VERB
easat-9655	93	95	variables	variable	NOUN
easat-9655	93	96	(	(	PUNCT
easat-9655	93	97	digital	digital	ADJ
easat-9655	93	98	technology	technology	NOUN
easat-9655	93	99	)	)	PUNCT
easat-9655	93	100	variable	variable	ADJ
easat-9655	93	101	symbol	symbol	NOUN
easat-9655	93	102	calculation	calculation	NOUN
easat-9655	93	103	method	method	NOUN
easat-9655	93	104	it	it	PRON
easat-9655	93	105	investment	investment	NOUN
easat-9655	93	106	ratio	ratio	NOUN
easat-9655	94	1	it_investment	it_investment	INTJ
easat-9655	94	2	it	it	PRON
easat-9655	94	3	related	relate	VERB
easat-9655	94	4	expenditure	expenditure	NOUN
easat-9655	94	5	/	/	SYM
easat-9655	94	6	total	total	ADJ
easat-9655	94	7	assets	asset	NOUN
easat-9655	94	8	digital	digital	ADJ
easat-9655	94	9	transformation	transformation	NOUN
easat-9655	94	10	index	index	NOUN
easat-9655	94	11	dti	dti	PROPN
easat-9655	94	12	normalised	normalise	VERB
easat-9655	94	13	index	index	NOUN
easat-9655	94	14	based	base	VERB
easat-9655	94	15	on	on	ADP
easat-9655	94	16	the	the	DET
easat-9655	94	17	degree	degree	NOUN
easat-9655	94	18	of	of	ADP
easat-9655	94	19	digitisation	digitisation	NOUN
easat-9655	94	20	of	of	ADP
easat-9655	94	21	an	an	DET
easat-9655	94	22	industry	industry	NOUN
easat-9655	94	23	(	(	PUNCT
easat-9655	94	24	5	5	NUM
easat-9655	94	25	)	)	PUNCT
easat-9655	94	26	control	control	NOUN
easat-9655	94	27	variables	variable	VERB
easat-9655	94	28	variable	variable	ADJ
easat-9655	94	29	symbol	symbol	NOUN
easat-9655	94	30	calculation	calculation	NOUN
easat-9655	94	31	method	method	NOUN
easat-9655	94	32	enterprise	enterprise	NOUN
easat-9655	94	33	size	size	NOUN
easat-9655	94	34	size	size	NOUN
easat-9655	94	35	logarithm	logarithm	NOUN
easat-9655	94	36	of	of	ADP
easat-9655	94	37	total	total	ADJ
easat-9655	94	38	assets	asset	NOUN
easat-9655	94	39	gearing	gear	VERB
easat-9655	94	40	ratio	ratio	NOUN
easat-9655	94	41	leverage	leverage	NOUN
easat-9655	94	42	liabilities	liability	NOUN
easat-9655	94	43	/	/	SYM
easat-9655	94	44	assets	asset	NOUN
easat-9655	94	45	intensity	intensity	NOUN
easat-9655	94	46	of	of	ADP
easat-9655	94	47	market	market	NOUN
easat-9655	94	48	competition	competition	NOUN
easat-9655	94	49	competition	competition	NOUN
easat-9655	94	50	number	number	NOUN
easat-9655	94	51	of	of	ADP
easat-9655	94	52	enterprises	enterprise	NOUN
easat-9655	94	53	in	in	ADP
easat-9655	94	54	the	the	DET
easat-9655	94	55	industry	industry	NOUN
easat-9655	94	56	3.3	3.3	NUM
easat-9655	94	57	.	.	PUNCT
easat-9655	95	1	data	datum	NOUN
easat-9655	95	2	sources	source	NOUN
easat-9655	95	3	•	•	ADP
easat-9655	95	4	financial	financial	ADJ
easat-9655	95	5	data	datum	NOUN
easat-9655	95	6	:	:	PUNCT
easat-9655	95	7	wind	wind	NOUN
easat-9655	95	8	database	database	NOUN
easat-9655	95	9	,	,	PUNCT
easat-9655	95	10	csmar	csmar	PROPN
easat-9655	95	11	database	database	NOUN
easat-9655	95	12	,	,	PUNCT
easat-9655	95	13	covering	cover	VERB
easat-9655	95	14	a	a	DET
easat-9655	95	15	-	-	PUNCT
easat-9655	95	16	share	share	NOUN
easat-9655	95	17	listed	list	VERB
easat-9655	95	18	companies	company	NOUN
easat-9655	95	19	from	from	ADP
easat-9655	95	20	20102022	20102022	NUM
easat-9655	95	21	.	.	PUNCT
easat-9655	96	1	•	•	NUM
easat-9655	96	2	patent	patent	NOUN
easat-9655	96	3	data	datum	NOUN
easat-9655	96	4	:	:	PUNCT
easat-9655	96	5	database	database	NOUN
easat-9655	96	6	of	of	ADP
easat-9655	96	7	the	the	DET
easat-9655	96	8	state	state	NOUN
easat-9655	96	9	intellectual	intellectual	ADJ
easat-9655	96	10	property	property	NOUN
easat-9655	96	11	office	office	NOUN
easat-9655	96	12	.	.	PUNCT
easat-9655	97	1	•	•	INTJ
easat-9655	98	1	it	it	PRON
easat-9655	98	2	investment	investment	NOUN
easat-9655	98	3	data	datum	NOUN
easat-9655	98	4	:	:	PUNCT
easat-9655	98	5	it	it	PRON
easat-9655	98	6	expenditure	expenditure	NOUN
easat-9655	98	7	information	information	NOUN
easat-9655	98	8	disclosed	disclose	VERB
easat-9655	98	9	in	in	ADP
easat-9655	98	10	annual	annual	ADJ
easat-9655	98	11	reports	report	NOUN
easat-9655	98	12	of	of	ADP
easat-9655	98	13	enterprises	enterprise	NOUN
easat-9655	98	14	.	.	PUNCT
easat-9655	99	1	3.4	3.4	NUM
easat-9655	99	2	.	.	PUNCT
easat-9655	99	3	research	research	NOUN
easat-9655	99	4	methodology	methodology	NOUN
easat-9655	99	5	this	this	DET
easat-9655	99	6	study	study	NOUN
easat-9655	99	7	adopts	adopt	VERB
easat-9655	99	8	quantitative	quantitative	ADJ
easat-9655	99	9	analysis	analysis	NOUN
easat-9655	99	10	methods	method	NOUN
easat-9655	99	11	for	for	ADP
easat-9655	99	12	empirical	empirical	ADJ
easat-9655	99	13	testing	testing	NOUN
easat-9655	99	14	,	,	PUNCT
easat-9655	99	15	mainly	mainly	ADV
easat-9655	99	16	including	include	VERB
easat-9655	99	17	ols	ol	NOUN
easat-9655	99	18	regression	regression	NOUN
easat-9655	99	19	analysis	analysis	NOUN
easat-9655	99	20	,	,	PUNCT
easat-9655	99	21	mediation	mediation	NOUN
easat-9655	99	22	effect	effect	NOUN
easat-9655	99	23	analysis	analysis	NOUN
easat-9655	99	24	,	,	PUNCT
easat-9655	99	25	moderated	moderated	ADJ
easat-9655	99	26	effect	effect	NOUN
easat-9655	99	27	analysis	analysis	NOUN
easat-9655	99	28	,	,	PUNCT
easat-9655	99	29	and	and	CCONJ
easat-9655	99	30	control	control	NOUN
easat-9655	99	31	for	for	ADP
easat-9655	99	32	potential	potential	ADJ
easat-9655	99	33	endogeneity	endogeneity	NOUN
easat-9655	99	34	issues	issue	NOUN
easat-9655	99	35	through	through	ADP
easat-9655	99	36	robustness	robustness	NOUN
easat-9655	99	37	testing	testing	NOUN
easat-9655	99	38	and	and	CCONJ
easat-9655	99	39	instrumental	instrumental	ADJ
easat-9655	99	40	variable	variable	NOUN
easat-9655	99	41	(	(	PUNCT
easat-9655	99	42	iv	iv	X
easat-9655	99	43	)	)	PUNCT
easat-9655	99	44	regression	regression	NOUN
easat-9655	99	45	[	[	X
easat-9655	99	46	21	21	NUM
easat-9655	99	47	]	]	PUNCT
easat-9655	99	48	.	.	PUNCT
easat-9655	100	1	to	to	PART
easat-9655	100	2	verify	verify	VERB
easat-9655	100	3	the	the	DET
easat-9655	100	4	validity	validity	NOUN
easat-9655	100	5	of	of	ADP
easat-9655	100	6	the	the	DET
easat-9655	100	7	instrumental	instrumental	ADJ
easat-9655	100	8	variables	variable	NOUN
easat-9655	100	9	,	,	PUNCT
easat-9655	100	10	this	this	DET
easat-9655	100	11	paper	paper	NOUN
easat-9655	100	12	uses	use	VERB
easat-9655	100	13	the	the	DET
easat-9655	100	14	two	two	NUM
easat-9655	100	15	-	-	PUNCT
easat-9655	100	16	stage	stage	NOUN
easat-9655	100	17	least	least	ADJ
easat-9655	100	18	squares	square	NOUN
easat-9655	100	19	(	(	PUNCT
easat-9655	100	20	2sls	2sls	NOUN
easat-9655	100	21	)	)	PUNCT
easat-9655	100	22	method	method	NOUN
easat-9655	100	23	to	to	PART
easat-9655	100	24	conduct	conduct	VERB
easat-9655	100	25	regression	regression	NOUN
easat-9655	100	26	analyses	analysis	NOUN
easat-9655	100	27	with	with	ADP
easat-9655	100	28	the	the	DET
easat-9655	100	29	following	following	ADJ
easat-9655	100	30	model	model	NOUN
easat-9655	100	31	:	:	PUNCT
easat-9655	100	32	first	first	ADJ
easat-9655	100	33	-	-	PUNCT
easat-9655	100	34	stage	stage	NOUN
easat-9655	100	35	regression	regression	NOUN
easat-9655	100	36	(	(	PUNCT
easat-9655	100	37	the	the	DET
easat-9655	100	38	effect	effect	NOUN
easat-9655	100	39	of	of	ADP
easat-9655	100	40	instrumental	instrumental	ADJ
easat-9655	100	41	variables	variable	NOUN
easat-9655	100	42	on	on	ADP
easat-9655	100	43	innovation	innovation	NOUN
easat-9655	100	44	strategies	strategy	NOUN
easat-9655	100	45	):	):	PUNCT
easat-9655	100	46	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	PROPN
easat-9655	100	47	=	=	SYM
easat-9655	100	48	α	α	PROPN
easat-9655	100	49	+	+	X
easat-9655	100	50	β	β	X
easat-9655	100	51	⋅	⋅	PROPN
easat-9655	100	52	𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑦_𝑅&𝐷_𝐼𝑛𝑡𝑒𝑛𝑠𝑖𝑡𝑦	𝐼𝑛𝑑𝑢𝑠𝑡𝑟𝑦_𝑅&𝐷_𝐼𝑛𝑡𝑒𝑛𝑠𝑖𝑡𝑦	PROPN
easat-9655	101	1	+	+	NUM
easat-9655	101	2	γ𝑋	γ𝑋	NOUN
easat-9655	101	3	+	+	CCONJ
easat-9655	101	4	ε	ε	X
easat-9655	101	5	the	the	DET
easat-9655	101	6	results	result	NOUN
easat-9655	101	7	of	of	ADP
easat-9655	101	8	the	the	DET
easat-9655	101	9	first	first	ADJ
easat-9655	101	10	-	-	PUNCT
easat-9655	101	11	stage	stage	NOUN
easat-9655	101	12	regression	regression	NOUN
easat-9655	101	13	show	show	VERB
easat-9655	101	14	that	that	SCONJ
easat-9655	101	15	industry	industry	NOUN
easat-9655	101	16	r&d	r&d	NOUN
easat-9655	101	17	intensity	intensity	NOUN
easat-9655	101	18	(	(	PUNCT
easat-9655	101	19	industry	industry	NOUN
easat-9655	101	20	r&d	r&d	NOUN
easat-9655	101	21	intensity	intensity	NOUN
easat-9655	101	22	)	)	PUNCT
easat-9655	101	23	has	have	VERB
easat-9655	101	24	a	a	DET
easat-9655	101	25	significant	significant	ADJ
easat-9655	101	26	effect	effect	NOUN
easat-9655	101	27	on	on	ADP
easat-9655	101	28	firms	firm	NOUN
easat-9655	101	29	‘	'	PUNCT
easat-9655	101	30	innovation	innovation	NOUN
easat-9655	101	31	strategies	strategy	NOUN
easat-9655	101	32	(	(	PUNCT
easat-9655	101	33	p	p	X
easat-9655	101	34	<	<	X
easat-9655	101	35	0.05	0.05	NUM
easat-9655	101	36	)	)	PUNCT
easat-9655	101	37	,	,	PUNCT
easat-9655	101	38	indicating	indicate	VERB
easat-9655	101	39	that	that	SCONJ
easat-9655	101	40	it	it	PRON
easat-9655	101	41	can	can	AUX
easat-9655	101	42	effectively	effectively	ADV
easat-9655	101	43	explain	explain	VERB
easat-9655	101	44	firms	firm	NOUN
easat-9655	101	45	’	’	PART
easat-9655	101	46	innovation	innovation	NOUN
easat-9655	101	47	inputs	input	NOUN
easat-9655	101	48	.	.	PUNCT
easat-9655	102	1	second	second	ADJ
easat-9655	102	2	-	-	PUNCT
easat-9655	102	3	stage	stage	NOUN
easat-9655	102	4	regression	regression	NOUN
easat-9655	102	5	(	(	PUNCT
easat-9655	102	6	instrumental	instrumental	ADJ
easat-9655	102	7	variable	variable	NOUN
easat-9655	102	8	-	-	PUNCT
easat-9655	102	9	adjusted	adjust	VERB
easat-9655	102	10	impact	impact	NOUN
easat-9655	102	11	of	of	ADP
easat-9655	102	12	innovation	innovation	NOUN
easat-9655	102	13	strategy	strategy	NOUN
easat-9655	102	14	on	on	ADP
easat-9655	102	15	firm	firm	ADJ
easat-9655	102	16	performance	performance	NOUN
easat-9655	102	17	):	):	PUNCT
easat-9655	102	18	𝑅𝑂𝐴	𝑅𝑂𝐴	PROPN
easat-9655	102	19	=	=	SYM
easat-9655	102	20	α	α	PROPN
easat-9655	102	21	+	+	CCONJ
easat-9655	102	22	β1	β1	PROPN
easat-9655	102	23	⋅	⋅	PROPN
easat-9655	102	24	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑝𝑟𝑒𝑑𝑖𝑐𝑡𝑒𝑑	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑝𝑟𝑒𝑑𝑖𝑐𝑡𝑒𝑑	PROPN
easat-9655	102	25	+	+	CCONJ
easat-9655	102	26	β2	β2	PROPN
easat-9655	102	27	⋅	⋅	PROPN
easat-9655	102	28	𝐷𝑖𝑔𝑖𝑡𝑎𝑙_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	𝐷𝑖𝑔𝑖𝑡𝑎𝑙_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	PROPN
easat-9655	102	29	+	+	CCONJ
easat-9655	102	30	γ𝑋	γ𝑋	PROPN
easat-9655	102	31	+	+	CCONJ
easat-9655	102	32	ε	ε	PROPN
easat-9655	102	33	in	in	ADP
easat-9655	102	34	the	the	DET
easat-9655	102	35	second	second	ADJ
easat-9655	102	36	stage	stage	NOUN
easat-9655	102	37	regression	regression	NOUN
easat-9655	102	38	,	,	PUNCT
easat-9655	102	39	we	we	PRON
easat-9655	102	40	use	use	VERB
easat-9655	102	41	the	the	DET
easat-9655	102	42	predicted	predict	VERB
easat-9655	102	43	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑝𝑟𝑒𝑑𝑖𝑐𝑡𝑒𝑑	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑝𝑟𝑒𝑑𝑖𝑐𝑡𝑒𝑑	PROPN
easat-9655	102	44	instead	instead	ADV
easat-9655	102	45	of	of	ADP
easat-9655	102	46	the	the	DET
easat-9655	102	47	original	original	ADJ
easat-9655	102	48	variables	variable	NOUN
easat-9655	102	49	to	to	PART
easat-9655	102	50	reduce	reduce	VERB
easat-9655	102	51	the	the	DET
easat-9655	102	52	effect	effect	NOUN
easat-9655	102	53	of	of	ADP
easat-9655	102	54	endogeneity	endogeneity	NOUN
easat-9655	102	55	problems	problem	NOUN
easat-9655	102	56	and	and	CCONJ
easat-9655	102	57	find	find	VERB
easat-9655	102	58	that	that	SCONJ
easat-9655	102	59	the	the	DET
easat-9655	102	60	effect	effect	NOUN
easat-9655	102	61	of	of	ADP
easat-9655	102	62	innovation	innovation	NOUN
easat-9655	102	63	strategy	strategy	NOUN
easat-9655	102	64	on	on	ADP
easat-9655	102	65	firm	firm	ADJ
easat-9655	102	66	performance	performance	NOUN
easat-9655	102	67	remains	remain	VERB
easat-9655	102	68	significant	significant	ADJ
easat-9655	102	69	.	.	PUNCT
easat-9655	103	1	in	in	ADP
easat-9655	103	2	addition	addition	NOUN
easat-9655	103	3	,	,	PUNCT
easat-9655	103	4	the	the	DET
easat-9655	103	5	paper	paper	NOUN
easat-9655	103	6	conducted	conduct	VERB
easat-9655	103	7	a	a	DET
easat-9655	103	8	sargan	sargan	ADJ
easat-9655	103	9	over	over	ADP
easat-9655	103	10	-	-	PUNCT
easat-9655	103	11	identification	identification	NOUN
easat-9655	103	12	test	test	NOUN
easat-9655	103	13	,	,	PUNCT
easat-9655	103	14	which	which	PRON
easat-9655	103	15	was	be	AUX
easat-9655	103	16	found	find	VERB
easat-9655	103	17	to	to	PART
easat-9655	103	18	be	be	AUX
easat-9655	103	19	insignificant	insignificant	ADJ
easat-9655	103	20	(	(	PUNCT
easat-9655	103	21	p	p	X
easat-9655	103	22	>	>	X
easat-9655	103	23	0.10	0.10	NUM
easat-9655	103	24	)	)	PUNCT
easat-9655	103	25	,	,	PUNCT
easat-9655	103	26	supporting	support	VERB
easat-9655	103	27	the	the	DET
easat-9655	103	28	hypothesis	hypothesis	NOUN
easat-9655	103	29	of	of	ADP
easat-9655	103	30	exogeneity	exogeneity	NOUN
easat-9655	103	31	of	of	ADP
easat-9655	103	32	the	the	DET
easat-9655	103	33	instrumental	instrumental	ADJ
easat-9655	103	34	variables	variable	NOUN
easat-9655	103	35	.	.	PUNCT
easat-9655	104	1	1585	1585	NUM
easat-9655	104	2	edelweiss	edelweiss	PROPN
easat-9655	104	3	applied	apply	VERB
easat-9655	104	4	science	science	NOUN
easat-9655	104	5	and	and	CCONJ
easat-9655	104	6	technology	technology	NOUN
easat-9655	104	7	issn	issn	PROPN
easat-9655	104	8	:	:	PUNCT
easat-9655	104	9	2576	2576	NUM
easat-9655	104	10	-	-	SYM
easat-9655	104	11	8484	8484	NUM
easat-9655	104	12	vol	vol	NOUN
easat-9655	104	13	.	.	PROPN
easat-9655	105	1	9	9	NUM
easat-9655	105	2	,	,	PUNCT
easat-9655	105	3	no	no	INTJ
easat-9655	105	4	.	.	NOUN
easat-9655	105	5	8	8	NUM
easat-9655	105	6	:	:	SYM
easat-9655	105	7	1580	1580	NUM
easat-9655	105	8	-	-	SYM
easat-9655	105	9	1595	1595	NUM
easat-9655	105	10	,	,	PUNCT
easat-9655	105	11	2025	2025	NUM
easat-9655	105	12	doi	doi	NOUN
easat-9655	105	13	:	:	PUNCT
easat-9655	105	14	10.55214/2576	10.55214/2576	NUM
easat-9655	105	15	-	-	PUNCT
easat-9655	105	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	106	1	©	©	ADP
easat-9655	106	2	2025	2025	NUM
easat-9655	106	3	by	by	ADP
easat-9655	106	4	the	the	DET
easat-9655	106	5	authors	author	NOUN
easat-9655	106	6	;	;	PUNCT
easat-9655	106	7	licensee	licensee	PROPN
easat-9655	106	8	learning	learning	NOUN
easat-9655	106	9	gate	gate	PROPN
easat-9655	106	10	3.4.1	3.4.1	PROPN
easat-9655	106	11	.	.	PUNCT
easat-9655	107	1	data	datum	NOUN
easat-9655	107	2	processing	process	VERB
easat-9655	107	3	3.4.1.1	3.4.1.1	PROPN
easat-9655	107	4	.	.	PUNCT
easat-9655	107	5	data	datum	NOUN
easat-9655	107	6	screening	screen	VERB
easat-9655	107	7	in	in	ADP
easat-9655	107	8	order	order	NOUN
easat-9655	107	9	to	to	PART
easat-9655	107	10	ensure	ensure	VERB
easat-9655	107	11	data	datum	NOUN
easat-9655	107	12	quality	quality	NOUN
easat-9655	107	13	,	,	PUNCT
easat-9655	107	14	this	this	DET
easat-9655	107	15	study	study	NOUN
easat-9655	107	16	screens	screen	VERB
easat-9655	107	17	the	the	DET
easat-9655	107	18	raw	raw	ADJ
easat-9655	107	19	data	datum	NOUN
easat-9655	107	20	as	as	SCONJ
easat-9655	107	21	follows	follow	VERB
easat-9655	107	22	:	:	PUNCT
easat-9655	107	23	1	1	X
easat-9655	107	24	.	.	X
easat-9655	107	25	excluding	exclude	VERB
easat-9655	107	26	st	st	PROPN
easat-9655	107	27	,	,	PUNCT
easat-9655	107	28	st	st	PROPN
easat-9655	107	29	and	and	CCONJ
easat-9655	107	30	delisted	delist	VERB
easat-9655	107	31	enterprises	enterprise	NOUN
easat-9655	107	32	to	to	PART
easat-9655	107	33	ensure	ensure	VERB
easat-9655	107	34	that	that	SCONJ
easat-9655	107	35	the	the	DET
easat-9655	107	36	sample	sample	NOUN
easat-9655	107	37	enterprises	enterprise	NOUN
easat-9655	107	38	have	have	VERB
easat-9655	107	39	the	the	DET
easat-9655	107	40	ability	ability	NOUN
easat-9655	107	41	of	of	ADP
easat-9655	107	42	continuous	continuous	ADJ
easat-9655	107	43	operation	operation	NOUN
easat-9655	107	44	.	.	PUNCT
easat-9655	108	1	2	2	X
easat-9655	108	2	.	.	X
easat-9655	108	3	exclude	exclude	VERB
easat-9655	108	4	enterprises	enterprise	NOUN
easat-9655	108	5	in	in	ADP
easat-9655	108	6	the	the	DET
easat-9655	108	7	financial	financial	ADJ
easat-9655	108	8	industry	industry	NOUN
easat-9655	108	9	,	,	PUNCT
easat-9655	108	10	as	as	SCONJ
easat-9655	108	11	the	the	DET
easat-9655	108	12	asset	asset	NOUN
easat-9655	108	13	structure	structure	NOUN
easat-9655	108	14	and	and	CCONJ
easat-9655	108	15	profit	profit	NOUN
easat-9655	108	16	model	model	NOUN
easat-9655	108	17	of	of	ADP
easat-9655	108	18	financial	financial	ADJ
easat-9655	108	19	enterprises	enterprise	NOUN
easat-9655	108	20	are	be	AUX
easat-9655	108	21	different	different	ADJ
easat-9655	108	22	from	from	ADP
easat-9655	108	23	those	those	PRON
easat-9655	108	24	of	of	ADP
easat-9655	108	25	general	general	ADJ
easat-9655	108	26	enterprises	enterprise	NOUN
easat-9655	108	27	.	.	PUNCT
easat-9655	109	1	3	3	X
easat-9655	109	2	.	.	X
easat-9655	109	3	exclude	exclude	VERB
easat-9655	109	4	samples	sample	NOUN
easat-9655	109	5	with	with	ADP
easat-9655	109	6	missing	miss	VERB
easat-9655	109	7	data	datum	NOUN
easat-9655	109	8	on	on	ADP
easat-9655	109	9	key	key	ADJ
easat-9655	109	10	variables	variable	NOUN
easat-9655	109	11	to	to	PART
easat-9655	109	12	ensure	ensure	VERB
easat-9655	109	13	data	datum	NOUN
easat-9655	109	14	integrity	integrity	NOUN
easat-9655	109	15	.	.	PUNCT
easat-9655	110	1	4	4	X
easat-9655	110	2	.	.	X
easat-9655	110	3	winsorize	winsorize	VERB
easat-9655	110	4	continuous	continuous	ADJ
easat-9655	110	5	variables	variable	NOUN
easat-9655	110	6	(	(	PUNCT
easat-9655	110	7	1	1	NUM
easat-9655	110	8	%	%	NOUN
easat-9655	110	9	and	and	CCONJ
easat-9655	110	10	99	99	NUM
easat-9655	110	11	%	%	NOUN
easat-9655	110	12	quantile	quantile	NOUN
easat-9655	110	13	)	)	PUNCT
easat-9655	110	14	to	to	PART
easat-9655	110	15	reduce	reduce	VERB
easat-9655	110	16	the	the	DET
easat-9655	110	17	impact	impact	NOUN
easat-9655	110	18	of	of	ADP
easat-9655	110	19	extreme	extreme	ADJ
easat-9655	110	20	values	value	NOUN
easat-9655	110	21	.	.	PUNCT
easat-9655	111	1	in	in	ADP
easat-9655	111	2	order	order	NOUN
easat-9655	111	3	to	to	PART
easat-9655	111	4	reduce	reduce	VERB
easat-9655	111	5	the	the	DET
easat-9655	111	6	impact	impact	NOUN
easat-9655	111	7	of	of	ADP
easat-9655	111	8	outliers	outlier	NOUN
easat-9655	111	9	on	on	ADP
easat-9655	111	10	the	the	DET
easat-9655	111	11	regression	regression	NOUN
easat-9655	111	12	results	result	NOUN
easat-9655	111	13	,	,	PUNCT
easat-9655	111	14	this	this	DET
easat-9655	111	15	paper	paper	NOUN
easat-9655	111	16	has	have	AUX
easat-9655	111	17	applied	apply	VERB
easat-9655	111	18	winsor	winsor	PROPN
easat-9655	111	19	treatment	treatment	NOUN
easat-9655	111	20	to	to	ADP
easat-9655	111	21	roa	roa	PROPN
easat-9655	111	22	,	,	PUNCT
easat-9655	111	23	tobin	tobin	PROPN
easat-9655	111	24	's	's	PART
easat-9655	111	25	q	q	NOUN
easat-9655	111	26	,	,	PUNCT
easat-9655	111	27	and	and	CCONJ
easat-9655	111	28	r&d_investment	r&d_investment	NOUN
easat-9655	111	29	variables	variable	NOUN
easat-9655	111	30	,	,	PUNCT
easat-9655	111	31	setting	set	VERB
easat-9655	111	32	the	the	DET
easat-9655	111	33	upper	upper	ADJ
easat-9655	111	34	and	and	CCONJ
easat-9655	111	35	lower	low	ADJ
easat-9655	111	36	limits	limit	NOUN
easat-9655	111	37	at	at	ADP
easat-9655	111	38	1	1	NUM
easat-9655	111	39	%	%	NOUN
easat-9655	111	40	and	and	CCONJ
easat-9655	111	41	99	99	NUM
easat-9655	111	42	%	%	NOUN
easat-9655	111	43	.	.	PUNCT
easat-9655	112	1	the	the	DET
easat-9655	112	2	specific	specific	ADJ
easat-9655	112	3	calculation	calculation	NOUN
easat-9655	112	4	formula	formula	NOUN
easat-9655	112	5	is	be	AUX
easat-9655	112	6	as	as	SCONJ
easat-9655	112	7	follows	follow	VERB
easat-9655	112	8	:	:	PUNCT
easat-9655	112	9	𝑋𝑤𝑖𝑛𝑠𝑜𝑟	𝑋𝑤𝑖𝑛𝑠𝑜𝑟	PROPN
easat-9655	112	10	=	=	SYM
easat-9655	112	11	𝑋_(1\%	𝑋_(1\%	PROPN
easat-9655	112	12	)	)	PUNCT
easat-9655	112	13	𝑋	𝑋	PROPN
easat-9655	112	14	<	<	X
easat-9655	112	15	𝑋_(1\%	𝑋_(1\%	PROPN
easat-9655	112	16	)	)	PUNCT
easat-9655	112	17	𝑋	𝑋	PROPN
easat-9655	112	18	𝑋_(1\%	𝑋_(1\%	PROPN
easat-9655	112	19	)	)	PUNCT
easat-9655	112	20	\𝑙𝑒𝑞	\𝑙𝑒𝑞	PROPN
easat-9655	112	21	𝑋	𝑋	PROPN
easat-9655	112	22	\𝑙𝑒𝑞	\𝑙𝑒𝑞	PROPN
easat-9655	112	23	𝑋_(99\%	𝑋_(99\%	PUNCT
easat-9655	112	24	)	)	PUNCT
easat-9655	113	1	𝑋_(99\%	𝑋_(99\%	PUNCT
easat-9655	113	2	)	)	PUNCT
easat-9655	114	1	𝑋	𝑋	PROPN
easat-9655	114	2	>	>	SYM
easat-9655	114	3	𝑋_(99\%	𝑋_(99\%	PROPN
easat-9655	114	4	)	)	PUNCT
easat-9655	114	5	3.4.1.2	3.4.1.2	NUM
easat-9655	114	6	.	.	PUNCT
easat-9655	114	7	standardisation	standardisation	NOUN
easat-9655	114	8	of	of	ADP
easat-9655	114	9	variables	variable	NOUN
easat-9655	114	10	in	in	ADP
easat-9655	114	11	this	this	DET
easat-9655	114	12	study	study	NOUN
easat-9655	114	13	,	,	PUNCT
easat-9655	114	14	some	some	PRON
easat-9655	114	15	of	of	ADP
easat-9655	114	16	the	the	DET
easat-9655	114	17	variables	variable	NOUN
easat-9655	114	18	were	be	AUX
easat-9655	114	19	standardised	standardise	VERB
easat-9655	114	20	to	to	PART
easat-9655	114	21	reduce	reduce	VERB
easat-9655	114	22	the	the	DET
easat-9655	114	23	effect	effect	NOUN
easat-9655	114	24	of	of	ADP
easat-9655	114	25	the	the	DET
easat-9655	114	26	scale	scale	NOUN
easat-9655	114	27	:	:	PUNCT
easat-9655	114	28	𝑋𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑖𝑧𝑒𝑑	𝑋𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑖𝑧𝑒𝑑	PROPN
easat-9655	114	29	=	=	SYM
easat-9655	114	30	𝑋	𝑋	PROPN
easat-9655	114	31	−	−	PROPN
easat-9655	114	32	μ𝑋	μ𝑋	PROPN
easat-9655	114	33	σ𝑋	σ𝑋	NOUN
easat-9655	115	1	where	where	SCONJ
easat-9655	115	2	:	:	PUNCT
easat-9655	115	3	•	•	ADP
easat-9655	115	4	𝑋𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑖𝑧𝑒𝑑	𝑋𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑖𝑧𝑒𝑑	PROPN
easat-9655	115	5	is	be	AUX
easat-9655	115	6	the	the	DET
easat-9655	115	7	standardised	standardised	ADJ
easat-9655	115	8	variable	variable	NOUN
easat-9655	115	9	,	,	PUNCT
easat-9655	115	10	and	and	CCONJ
easat-9655	115	11	•	•	NOUN
easat-9655	115	12	x	x	X
easat-9655	115	13	is	be	AUX
easat-9655	115	14	the	the	DET
easat-9655	115	15	original	original	ADJ
easat-9655	115	16	variable	variable	NOUN
easat-9655	115	17	.	.	PUNCT
easat-9655	116	1	•	•	NUM
easat-9655	116	2	𝑋𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑖𝑧𝑒𝑑	𝑋𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑𝑖𝑧𝑒𝑑	PROPN
easat-9655	116	3	is	be	AUX
easat-9655	116	4	the	the	DET
easat-9655	116	5	standardised	standardised	ADJ
easat-9655	116	6	variable	variable	NOUN
easat-9655	116	7	,	,	PUNCT
easat-9655	116	8	x	x	X
easat-9655	116	9	is	be	AUX
easat-9655	116	10	the	the	DET
easat-9655	116	11	original	original	ADJ
easat-9655	116	12	variable	variable	NOUN
easat-9655	116	13	,	,	PUNCT
easat-9655	116	14	and𝜇𝑋	and𝜇𝑋	PROPN
easat-9655	116	15	and	and	CCONJ
easat-9655	116	16	𝜎𝑋are	𝜎𝑋are	VERB
easat-9655	116	17	the	the	DET
easat-9655	116	18	mean	mean	ADJ
easat-9655	116	19	and	and	CCONJ
easat-9655	116	20	standard	standard	ADJ
easat-9655	116	21	deviation	deviation	NOUN
easat-9655	116	22	of	of	ADP
easat-9655	116	23	the	the	DET
easat-9655	116	24	variable	variable	NOUN
easat-9655	116	25	respectively	respectively	ADV
easat-9655	116	26	.	.	PUNCT
easat-9655	117	1	the	the	DET
easat-9655	117	2	innovation	innovation	NOUN
easat-9655	117	3	index	index	NOUN
easat-9655	117	4	and	and	CCONJ
easat-9655	117	5	digital	digital	ADJ
easat-9655	117	6	investment	investment	NOUN
easat-9655	117	7	index	index	NOUN
easat-9655	117	8	(	(	PUNCT
easat-9655	117	9	dti	dti	PROPN
easat-9655	117	10	)	)	PUNCT
easat-9655	117	11	are	be	AUX
easat-9655	117	12	standardised	standardise	VERB
easat-9655	117	13	to	to	PART
easat-9655	117	14	make	make	VERB
easat-9655	117	15	it	it	PRON
easat-9655	117	16	easier	easy	ADJ
easat-9655	117	17	to	to	PART
easat-9655	117	18	compare	compare	VERB
easat-9655	117	19	the	the	DET
easat-9655	117	20	regression	regression	NOUN
easat-9655	117	21	results	result	NOUN
easat-9655	117	22	.	.	PUNCT
easat-9655	118	1	3.4.2	3.4.2	X
easat-9655	118	2	.	.	PUNCT
easat-9655	118	3	model	model	NOUN
easat-9655	118	4	estimation	estimation	NOUN
easat-9655	118	5	methods	method	NOUN
easat-9655	118	6	this	this	DET
easat-9655	118	7	study	study	NOUN
easat-9655	118	8	mainly	mainly	ADV
easat-9655	118	9	used	use	VERB
easat-9655	118	10	ols	ol	NOUN
easat-9655	118	11	regression	regression	NOUN
easat-9655	118	12	analysis	analysis	NOUN
easat-9655	118	13	for	for	ADP
easat-9655	118	14	estimation	estimation	NOUN
easat-9655	118	15	,	,	PUNCT
easat-9655	118	16	in	in	ADP
easat-9655	118	17	addition	addition	NOUN
easat-9655	118	18	,	,	PUNCT
easat-9655	118	19	in	in	ADP
easat-9655	118	20	order	order	NOUN
easat-9655	118	21	to	to	PART
easat-9655	118	22	explore	explore	VERB
easat-9655	118	23	the	the	DET
easat-9655	118	24	mediating	mediating	NOUN
easat-9655	118	25	and	and	CCONJ
easat-9655	118	26	moderating	moderating	NOUN
easat-9655	118	27	effects	effect	NOUN
easat-9655	118	28	,	,	PUNCT
easat-9655	118	29	barney	barney	PROPN
easat-9655	119	1	[	[	X
easat-9655	119	2	12	12	NUM
easat-9655	119	3	]	]	SYM
easat-9655	119	4	method	method	NOUN
easat-9655	119	5	and	and	CCONJ
easat-9655	119	6	interaction	interaction	NOUN
easat-9655	119	7	term	term	NOUN
easat-9655	119	8	regression	regression	NOUN
easat-9655	119	9	analysis	analysis	NOUN
easat-9655	119	10	were	be	AUX
easat-9655	119	11	used	use	VERB
easat-9655	119	12	for	for	ADP
easat-9655	119	13	extension	extension	NOUN
easat-9655	119	14	.	.	PUNCT
easat-9655	120	1	3.4.2.1	3.4.2.1	X
easat-9655	120	2	.	.	PUNCT
easat-9655	121	1	ols	ol	NOUN
easat-9655	121	2	linear	linear	PROPN
easat-9655	121	3	regression	regression	VERB
easat-9655	121	4	the	the	DET
easat-9655	121	5	basic	basic	ADJ
easat-9655	121	6	regression	regression	NOUN
easat-9655	121	7	model	model	NOUN
easat-9655	121	8	of	of	ADP
easat-9655	121	9	this	this	DET
easat-9655	121	10	study	study	NOUN
easat-9655	121	11	is	be	AUX
easat-9655	121	12	:	:	PUNCT
easat-9655	121	13	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	PROPN
easat-9655	121	14	=	=	PUNCT
easat-9655	121	15	α	α	PROPN
easat-9655	121	16	+	+	PROPN
easat-9655	121	17	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	121	18	+	+	PROPN
easat-9655	121	19	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	121	20	+	+	CCONJ
easat-9655	121	21	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	121	22	where	where	SCONJ
easat-9655	121	23	:	:	PUNCT
easat-9655	121	24	•	•	X
easat-9655	121	25	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	121	26	is	be	AUX
easat-9655	121	27	firm	firm	ADJ
easat-9655	121	28	performance	performance	NOUN
easat-9655	121	29	，	，	PUNCT
easat-9655	121	30	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	121	31	is	be	AUX
easat-9655	121	32	innovation	innovation	NOUN
easat-9655	121	33	strategy	strategy	NOUN
easat-9655	121	34	(	(	PUNCT
easat-9655	121	35	r&d	r&d	NOUN
easat-9655	121	36	intensity	intensity	NOUN
easat-9655	121	37	or	or	CCONJ
easat-9655	121	38	number	number	NOUN
easat-9655	121	39	of	of	ADP
easat-9655	121	40	patents	patent	NOUN
easat-9655	121	41	)	)	PUNCT
easat-9655	121	42	,	,	PUNCT
easat-9655	121	43	and	and	CCONJ
easat-9655	121	44	•	•	NUM
easat-9655	121	45	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	121	46	is	be	AUX
easat-9655	121	47	the	the	DET
easat-9655	121	48	innovation	innovation	NOUN
easat-9655	121	49	strategy	strategy	NOUN
easat-9655	121	50	(	(	PUNCT
easat-9655	121	51	r&d	r&d	NOUN
easat-9655	121	52	intensity	intensity	NOUN
easat-9655	121	53	or	or	CCONJ
easat-9655	121	54	number	number	NOUN
easat-9655	121	55	of	of	ADP
easat-9655	121	56	patents	patent	NOUN
easat-9655	121	57	)	)	PUNCT
easat-9655	121	58	,	,	PUNCT
easat-9655	121	59	and	and	CCONJ
easat-9655	121	60	•	•	NUM
easat-9655	121	61	𝑋𝑖𝑡is	𝑋𝑖𝑡is	PROPN
easat-9655	121	62	the	the	DET
easat-9655	121	63	control	control	NOUN
easat-9655	121	64	variables	variable	NOUN
easat-9655	121	65	(	(	PUNCT
easat-9655	121	66	firm	firm	ADJ
easat-9655	121	67	size	size	NOUN
easat-9655	121	68	,	,	PUNCT
easat-9655	121	69	leverage	leverage	NOUN
easat-9655	121	70	,	,	PUNCT
easat-9655	121	71	market	market	NOUN
easat-9655	121	72	competition	competition	NOUN
easat-9655	121	73	intensity	intensity	NOUN
easat-9655	121	74	,	,	PUNCT
easat-9655	121	75	etc	etc	X
easat-9655	121	76	.	.	X
easat-9655	121	77	)	)	PUNCT
easat-9655	121	78	.	.	PUNCT
easat-9655	122	1	3.4.2.2	3.4.2.2	NUM
easat-9655	122	2	.	.	PUNCT
easat-9655	123	1	mediation	mediation	NOUN
easat-9655	123	2	analysis	analysis	NOUN
easat-9655	123	3	in	in	ADP
easat-9655	123	4	order	order	NOUN
easat-9655	123	5	to	to	PART
easat-9655	123	6	test	test	VERB
easat-9655	123	7	whether	whether	SCONJ
easat-9655	123	8	innovation	innovation	NOUN
easat-9655	123	9	capability	capability	NOUN
easat-9655	123	10	plays	play	VERB
easat-9655	123	11	a	a	DET
easat-9655	123	12	mediating	mediate	VERB
easat-9655	123	13	role	role	NOUN
easat-9655	123	14	between	between	ADP
easat-9655	123	15	innovation	innovation	NOUN
easat-9655	123	16	strategy	strategy	NOUN
easat-9655	123	17	and	and	CCONJ
easat-9655	123	18	firm	firm	ADJ
easat-9655	123	19	performance	performance	NOUN
easat-9655	123	20	,	,	PUNCT
easat-9655	123	21	baron	baron	NOUN
easat-9655	123	22	&	&	CCONJ
easat-9655	123	23	kenny	kenny	PROPN
easat-9655	123	24	three	three	NUM
easat-9655	123	25	-	-	PUNCT
easat-9655	123	26	step	step	NOUN
easat-9655	123	27	regression	regression	NOUN
easat-9655	123	28	method	method	NOUN
easat-9655	123	29	is	be	AUX
easat-9655	123	30	adopted	adopt	VERB
easat-9655	123	31	[	[	PUNCT
easat-9655	123	32	12	12	NUM
easat-9655	123	33	]	]	X
easat-9655	123	34	:	:	PUNCT
easat-9655	123	35	step	step	NOUN
easat-9655	123	36	1	1	NUM
easat-9655	123	37	:	:	PUNCT
easat-9655	123	38	the	the	DET
easat-9655	123	39	effect	effect	NOUN
easat-9655	123	40	of	of	ADP
easat-9655	123	41	innovation	innovation	NOUN
easat-9655	123	42	strategy	strategy	NOUN
easat-9655	123	43	on	on	ADP
easat-9655	123	44	innovation	innovation	NOUN
easat-9655	123	45	capability	capability	NOUN
easat-9655	124	1	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐶𝑎𝑝𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐶𝑎𝑝𝑖𝑡	PROPN
easat-9655	124	2	=	=	SYM
easat-9655	124	3	α	α	PROPN
easat-9655	124	4	+	+	PROPN
easat-9655	124	5	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	124	6	+	+	CCONJ
easat-9655	124	7	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	124	8	+	+	CCONJ
easat-9655	124	9	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	124	10	1586	1586	NUM
easat-9655	124	11	edelweiss	edelweiss	PROPN
easat-9655	124	12	applied	apply	VERB
easat-9655	124	13	science	science	NOUN
easat-9655	124	14	and	and	CCONJ
easat-9655	124	15	technology	technology	NOUN
easat-9655	124	16	issn	issn	PROPN
easat-9655	124	17	:	:	PUNCT
easat-9655	124	18	2576	2576	NUM
easat-9655	124	19	-	-	SYM
easat-9655	124	20	8484	8484	NUM
easat-9655	124	21	vol	vol	NOUN
easat-9655	124	22	.	.	PROPN
easat-9655	125	1	9	9	NUM
easat-9655	125	2	,	,	PUNCT
easat-9655	125	3	no	no	INTJ
easat-9655	125	4	.	.	NOUN
easat-9655	125	5	8	8	NUM
easat-9655	125	6	:	:	SYM
easat-9655	125	7	1580	1580	NUM
easat-9655	125	8	-	-	SYM
easat-9655	125	9	1595	1595	NUM
easat-9655	125	10	,	,	PUNCT
easat-9655	125	11	2025	2025	NUM
easat-9655	125	12	doi	doi	NOUN
easat-9655	125	13	:	:	PUNCT
easat-9655	125	14	10.55214/2576	10.55214/2576	NUM
easat-9655	125	15	-	-	PUNCT
easat-9655	125	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	126	1	©	©	ADP
easat-9655	126	2	2025	2025	NUM
easat-9655	126	3	by	by	ADP
easat-9655	126	4	the	the	DET
easat-9655	126	5	authors	author	NOUN
easat-9655	126	6	;	;	PUNCT
easat-9655	126	7	licensee	licensee	PROPN
easat-9655	126	8	learning	learn	VERB
easat-9655	126	9	gate	gate	PROPN
easat-9655	126	10	step	step	NOUN
easat-9655	126	11	2	2	NUM
easat-9655	126	12	:	:	PUNCT
easat-9655	126	13	impact	impact	NOUN
easat-9655	126	14	of	of	ADP
easat-9655	126	15	innovation	innovation	NOUN
easat-9655	126	16	capabilities	capability	NOUN
easat-9655	126	17	on	on	ADP
easat-9655	126	18	firm	firm	ADJ
easat-9655	126	19	performance	performance	NOUN
easat-9655	126	20	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	126	21	=	=	PUNCT
easat-9655	126	22	α	α	PROPN
easat-9655	126	23	+	+	X
easat-9655	126	24	β2𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐶𝑎𝑝𝑖𝑡	β2𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐶𝑎𝑝𝑖𝑡	PROPN
easat-9655	127	1	+	+	CCONJ
easat-9655	127	2	β3𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β3𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	ADJ
easat-9655	127	3	+	+	X
easat-9655	127	4	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	127	5	+	+	CCONJ
easat-9655	127	6	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	127	7	if	if	SCONJ
easat-9655	127	8	both	both	PRON
easat-9655	127	9	𝛽1and	𝛽1and	ADP
easat-9655	127	10	𝛽2are	𝛽2are	PROPN
easat-9655	127	11	significant	significant	ADJ
easat-9655	127	12	,	,	PUNCT
easat-9655	127	13	then	then	ADV
easat-9655	127	14	innovativeness	innovativeness	NOUN
easat-9655	127	15	mediates	mediate	VERB
easat-9655	127	16	the	the	DET
easat-9655	127	17	effect.in	effect.in	PROPN
easat-9655	127	18	addition	addition	NOUN
easat-9655	127	19	,	,	PUNCT
easat-9655	127	20	confidence	confidence	NOUN
easat-9655	127	21	intervals	interval	NOUN
easat-9655	127	22	for	for	ADP
easat-9655	127	23	the	the	DET
easat-9655	127	24	mediating	mediate	VERB
easat-9655	127	25	effect	effect	NOUN
easat-9655	127	26	were	be	AUX
easat-9655	127	27	calculated	calculate	VERB
easat-9655	127	28	using	use	VERB
easat-9655	127	29	the	the	DET
easat-9655	127	30	bootstrap	bootstrap	NOUN
easat-9655	127	31	method	method	NOUN
easat-9655	127	32	(	(	PUNCT
easat-9655	127	33	5,000	5,000	NUM
easat-9655	127	34	samples	sample	NOUN
easat-9655	127	35	)	)	PUNCT
easat-9655	127	36	to	to	PART
easat-9655	127	37	enhance	enhance	VERB
easat-9655	127	38	robustness	robustness	NOUN
easat-9655	127	39	.	.	PUNCT
easat-9655	128	1	3.4.2.3	3.4.2.3	NUM
easat-9655	128	2	.	.	PUNCT
easat-9655	128	3	moderation	moderation	NOUN
easat-9655	128	4	analysis	analysis	NOUN
easat-9655	128	5	in	in	ADP
easat-9655	128	6	order	order	NOUN
easat-9655	128	7	to	to	PART
easat-9655	128	8	test	test	VERB
easat-9655	128	9	whether	whether	SCONJ
easat-9655	128	10	digital	digital	ADJ
easat-9655	128	11	technology	technology	NOUN
easat-9655	128	12	enhances	enhance	VERB
easat-9655	128	13	the	the	DET
easat-9655	128	14	impact	impact	NOUN
easat-9655	128	15	of	of	ADP
easat-9655	128	16	innovation	innovation	NOUN
easat-9655	128	17	strategy	strategy	NOUN
easat-9655	128	18	on	on	ADP
easat-9655	128	19	firm	firm	ADJ
easat-9655	128	20	performance	performance	NOUN
easat-9655	128	21	,	,	PUNCT
easat-9655	128	22	an	an	DET
easat-9655	128	23	interaction	interaction	NOUN
easat-9655	128	24	term	term	NOUN
easat-9655	128	25	regression	regression	NOUN
easat-9655	128	26	analysis	analysis	NOUN
easat-9655	128	27	was	be	AUX
easat-9655	128	28	used	use	VERB
easat-9655	128	29	:	:	PUNCT
easat-9655	129	1	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	PROPN
easat-9655	129	2	=	=	PUNCT
easat-9655	129	3	α	α	PROPN
easat-9655	129	4	+	+	PROPN
easat-9655	129	5	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	129	6	+	+	CCONJ
easat-9655	129	7	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	130	1	+	+	CCONJ
easat-9655	130	2	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	130	3	×	×	PROPN
easat-9655	130	4	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	130	5	)	)	PUNCT
easat-9655	131	1	+	+	CCONJ
easat-9655	131	2	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	131	3	+	+	CCONJ
easat-9655	131	4	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	131	5	among	among	ADP
easat-9655	131	6	them	they	PRON
easat-9655	131	7	:	:	PUNCT
easat-9655	131	8	•	•	NUM
easat-9655	131	9	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡represents	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡represent	VERB
easat-9655	131	10	the	the	DET
easat-9655	131	11	degree	degree	NOUN
easat-9655	131	12	of	of	ADP
easat-9655	131	13	digitization	digitization	NOUN
easat-9655	131	14	of	of	ADP
easat-9655	131	15	the	the	DET
easat-9655	131	16	firm	firm	NOUN
easat-9655	131	17	,	,	PUNCT
easat-9655	131	18	and(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	and(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	131	19	×	×	NOUN
easat-9655	131	20	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡)is	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡)is	NOUN
easat-9655	131	21	the	the	DET
easat-9655	131	22	interaction	interaction	NOUN
easat-9655	131	23	term	term	NOUN
easat-9655	131	24	,	,	PUNCT
easat-9655	131	25	and	and	CCONJ
easat-9655	131	26	if	if	SCONJ
easat-9655	131	27	𝛽3	𝛽3	NOUN
easat-9655	131	28	is	be	AUX
easat-9655	131	29	significant	significant	ADJ
easat-9655	131	30	,	,	PUNCT
easat-9655	131	31	it	it	PRON
easat-9655	131	32	indicates	indicate	VERB
easat-9655	131	33	that	that	SCONJ
easat-9655	131	34	digital	digital	ADJ
easat-9655	131	35	technology	technology	NOUN
easat-9655	131	36	moderates	moderate	VERB
easat-9655	131	37	the	the	DET
easat-9655	131	38	relationship	relationship	NOUN
easat-9655	131	39	between	between	ADP
easat-9655	131	40	innovation	innovation	NOUN
easat-9655	131	41	strategy	strategy	NOUN
easat-9655	131	42	and	and	CCONJ
easat-9655	131	43	firm	firm	ADJ
easat-9655	131	44	performance	performance	NOUN
easat-9655	131	45	.	.	PUNCT
easat-9655	132	1	3.4.3	3.4.3	X
easat-9655	132	2	.	.	PUNCT
easat-9655	133	1	robustness	robustness	NOUN
easat-9655	133	2	checks	check	NOUN
easat-9655	133	3	in	in	ADP
easat-9655	133	4	order	order	NOUN
easat-9655	133	5	to	to	PART
easat-9655	133	6	ensure	ensure	VERB
easat-9655	133	7	the	the	DET
easat-9655	133	8	robustness	robustness	NOUN
easat-9655	133	9	of	of	ADP
easat-9655	133	10	the	the	DET
easat-9655	133	11	findings	finding	NOUN
easat-9655	133	12	,	,	PUNCT
easat-9655	133	13	the	the	DET
easat-9655	133	14	following	follow	VERB
easat-9655	133	15	tests	test	NOUN
easat-9655	133	16	are	be	AUX
easat-9655	133	17	conducted	conduct	VERB
easat-9655	133	18	in	in	ADP
easat-9655	133	19	this	this	DET
easat-9655	133	20	study	study	NOUN
easat-9655	133	21	:	:	PUNCT
easat-9655	133	22	3.4.3.1	3.4.3.1	X
easat-9655	133	23	.	.	PUNCT
easat-9655	133	24	replacement	replacement	NOUN
easat-9655	133	25	of	of	ADP
easat-9655	133	26	dependent	dependent	ADJ
easat-9655	133	27	variables	variable	NOUN
easat-9655	133	28	tobin	tobin	PROPN
easat-9655	133	29	's	's	PART
easat-9655	133	30	q	q	NOUN
easat-9655	133	31	is	be	AUX
easat-9655	133	32	used	use	VERB
easat-9655	133	33	to	to	PART
easat-9655	133	34	replace	replace	VERB
easat-9655	133	35	roa	roa	NOUN
easat-9655	133	36	in	in	ADP
easat-9655	133	37	the	the	DET
easat-9655	133	38	regression	regression	NOUN
easat-9655	133	39	to	to	PART
easat-9655	133	40	test	test	VERB
easat-9655	133	41	the	the	DET
easat-9655	133	42	impact	impact	NOUN
easat-9655	133	43	of	of	ADP
easat-9655	133	44	innovation	innovation	NOUN
easat-9655	133	45	strategy	strategy	NOUN
easat-9655	133	46	on	on	ADP
easat-9655	133	47	firms	firm	NOUN
easat-9655	133	48	'	'	PART
easat-9655	133	49	market	market	NOUN
easat-9655	133	50	value	value	NOUN
easat-9655	133	51	.	.	PUNCT
easat-9655	134	1	3.4.3.2	3.4.3.2	X
easat-9655	134	2	.	.	NUM
easat-9655	134	3	lagged	lag	VERB
easat-9655	134	4	variable	variable	ADJ
easat-9655	134	5	regression	regression	VERB
easat-9655	134	6	the	the	DET
easat-9655	134	7	innovation	innovation	NOUN
easat-9655	134	8	strategy	strategy	NOUN
easat-9655	134	9	variable	variable	NOUN
easat-9655	134	10	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	134	11	is	be	AUX
easat-9655	134	12	used	use	VERB
easat-9655	134	13	with	with	ADP
easat-9655	134	14	a	a	DET
easat-9655	134	15	one	one	NUM
easat-9655	134	16	-	-	PUNCT
easat-9655	134	17	period	period	NOUN
easat-9655	134	18	lag	lag	NOUN
easat-9655	134	19	to	to	PART
easat-9655	134	20	control	control	VERB
easat-9655	134	21	for	for	ADP
easat-9655	134	22	time	time	NOUN
easat-9655	134	23	lag	lag	NOUN
easat-9655	134	24	effects	effect	NOUN
easat-9655	134	25	:	:	PUNCT
easat-9655	134	26	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	ADJ
easat-9655	134	27	manufacturing	manufacturing	NOUN
easat-9655	134	28	industry	industry	NOUN
easat-9655	134	29	=	=	SYM
easat-9655	134	30	α	α	PROPN
easat-9655	134	31	+	+	PROPN
easat-9655	134	32	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	134	33	+	+	CCONJ
easat-9655	134	34	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	134	35	+	+	CCONJ
easat-9655	134	36	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	134	37	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	PROPN
easat-9655	134	38	service	service	NOUN
easat-9655	134	39	industry	industry	NOUN
easat-9655	134	40	=	=	SYM
easat-9655	135	1	α	α	PROPN
easat-9655	135	2	+	+	PROPN
easat-9655	135	3	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	135	4	+	+	CCONJ
easat-9655	135	5	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	135	6	+	+	CCONJ
easat-9655	135	7	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	135	8	3.4.4	3.4.4	NUM
easat-9655	135	9	.	.	PUNCT
easat-9655	136	1	endogeneity	endogeneity	NOUN
easat-9655	136	2	control	control	NOUN
easat-9655	136	3	(	(	PUNCT
easat-9655	136	4	ecc	ecc	NOUN
easat-9655	136	5	)	)	PUNCT
easat-9655	136	6	innovation	innovation	NOUN
easat-9655	136	7	strategies	strategy	NOUN
easat-9655	136	8	can	can	AUX
easat-9655	136	9	be	be	AUX
easat-9655	136	10	influenced	influence	VERB
easat-9655	136	11	by	by	ADP
easat-9655	136	12	unobserved	unobserved	ADJ
easat-9655	136	13	variables	variable	NOUN
easat-9655	136	14	,	,	PUNCT
easat-9655	136	15	leading	lead	VERB
easat-9655	136	16	to	to	ADP
easat-9655	136	17	endogeneity	endogeneity	NOUN
easat-9655	136	18	problems	problem	NOUN
easat-9655	136	19	.	.	PUNCT
easat-9655	137	1	for	for	ADP
easat-9655	137	2	this	this	DET
easat-9655	137	3	reason	reason	NOUN
easat-9655	137	4	,	,	PUNCT
easat-9655	137	5	this	this	DET
easat-9655	137	6	study	study	NOUN
easat-9655	137	7	uses	use	VERB
easat-9655	137	8	instrumental	instrumental	ADJ
easat-9655	137	9	variable	variable	NOUN
easat-9655	137	10	(	(	PUNCT
easat-9655	137	11	iv	iv	X
easat-9655	137	12	)	)	PUNCT
easat-9655	137	13	regressions	regression	NOUN
easat-9655	137	14	to	to	PART
easat-9655	137	15	control	control	VERB
easat-9655	137	16	for	for	ADP
easat-9655	137	17	this	this	DET
easat-9655	137	18	：	：	PUNCT
easat-9655	137	19	1	1	NUM
easat-9655	137	20	.	.	X
easat-9655	137	21	selection	selection	NOUN
easat-9655	137	22	of	of	ADP
easat-9655	137	23	instrumental	instrumental	ADJ
easat-9655	137	24	variable	variable	NOUN
easat-9655	137	25	:	:	PUNCT
easat-9655	137	26	industry	industry	NOUN
easat-9655	137	27	r&d	r&d	NOUN
easat-9655	137	28	intensity	intensity	NOUN
easat-9655	137	29	is	be	AUX
easat-9655	137	30	used	use	VERB
easat-9655	137	31	as	as	ADP
easat-9655	137	32	the	the	DET
easat-9655	137	33	instrumental	instrumental	ADJ
easat-9655	137	34	variable	variable	NOUN
easat-9655	137	35	.	.	PUNCT
easat-9655	138	1	2	2	X
easat-9655	138	2	.	.	X
easat-9655	138	3	first	first	ADJ
easat-9655	138	4	stage	stage	NOUN
easat-9655	138	5	regression	regression	NOUN
easat-9655	138	6	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	138	7	=	=	PUNCT
easat-9655	138	8	α	α	PROPN
easat-9655	139	1	+	+	X
easat-9655	139	2	λ𝐼𝑉𝑖𝑡	λ𝐼𝑉𝑖𝑡	PROPN
easat-9655	139	3	+	+	CCONJ
easat-9655	139	4	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	139	5	+	+	CCONJ
easat-9655	139	6	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	139	7	3	3	NUM
easat-9655	139	8	.	.	PUNCT
easat-9655	139	9	second	second	ADJ
easat-9655	139	10	-	-	PUNCT
easat-9655	139	11	stage	stage	NOUN
easat-9655	139	12	regression	regression	NOUN
easat-9655	139	13	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	139	14	=	=	PUNCT
easat-9655	139	15	α	α	PROPN
easat-9655	139	16	+	+	PROPN
easat-9655	139	17	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	139	18	̂	̂	PROPN
easat-9655	139	19	+	+	PROPN
easat-9655	139	20	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	139	21	+	+	CCONJ
easat-9655	139	22	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	139	23	where	where	SCONJ
easat-9655	139	24	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	139	25	̂	̂	PUNCT
easat-9655	139	26	is	be	AUX
easat-9655	139	27	the	the	DET
easat-9655	139	28	predicted	predict	VERB
easat-9655	139	29	value	value	NOUN
easat-9655	139	30	of	of	ADP
easat-9655	139	31	the	the	DET
easat-9655	139	32	first	first	ADJ
easat-9655	139	33	stage	stage	NOUN
easat-9655	139	34	regression	regression	NOUN
easat-9655	139	35	.	.	PUNCT
easat-9655	140	1	3.5	3.5	NUM
easat-9655	140	2	.	.	PUNCT
easat-9655	140	3	supply	supply	NOUN
easat-9655	140	4	chain	chain	NOUN
easat-9655	140	5	digitalisation	digitalisation	NOUN
easat-9655	140	6	as	as	ADP
easat-9655	140	7	a	a	DET
easat-9655	140	8	mediating	mediate	VERB
easat-9655	140	9	variable	variable	NOUN
easat-9655	140	10	in	in	ADP
easat-9655	140	11	addition	addition	NOUN
easat-9655	140	12	to	to	ADP
easat-9655	140	13	innovativeness	innovativeness	NOUN
easat-9655	140	14	,	,	PUNCT
easat-9655	140	15	supply	supply	NOUN
easat-9655	140	16	chain	chain	NOUN
easat-9655	140	17	digitalisation	digitalisation	NOUN
easat-9655	140	18	(	(	PUNCT
easat-9655	140	19	scd	scd	NOUN
easat-9655	140	20	)	)	PUNCT
easat-9655	140	21	is	be	AUX
easat-9655	140	22	also	also	ADV
easat-9655	140	23	an	an	DET
easat-9655	140	24	important	important	ADJ
easat-9655	140	25	factor	factor	NOUN
easat-9655	140	26	influencing	influence	VERB
easat-9655	140	27	firm	firm	ADJ
easat-9655	140	28	performance	performance	NOUN
easat-9655	140	29	.	.	PUNCT
easat-9655	141	1	digital	digital	ADJ
easat-9655	141	2	supply	supply	NOUN
easat-9655	141	3	chain	chain	NOUN
easat-9655	141	4	can	can	AUX
easat-9655	141	5	:	:	PUNCT
easat-9655	141	6	•	•	ADP
easat-9655	141	7	increase	increase	VERB
easat-9655	141	8	supply	supply	NOUN
easat-9655	141	9	chain	chain	NOUN
easat-9655	141	10	transparency	transparency	NOUN
easat-9655	141	11	,	,	PUNCT
easat-9655	141	12	reduce	reduce	VERB
easat-9655	141	13	information	information	NOUN
easat-9655	141	14	asymmetry	asymmetry	NOUN
easat-9655	141	15	,	,	PUNCT
easat-9655	141	16	and	and	CCONJ
easat-9655	141	17	improve	improve	VERB
easat-9655	141	18	supply	supply	NOUN
easat-9655	141	19	chain	chain	NOUN
easat-9655	141	20	collaboration	collaboration	NOUN
easat-9655	141	21	efficiency	efficiency	NOUN
easat-9655	141	22	[	[	X
easat-9655	141	23	22	22	NUM
easat-9655	141	24	]	]	PUNCT
easat-9655	141	25	.	.	PUNCT
easat-9655	142	1	•	•	PUNCT
easat-9655	142	2	reduce	reduce	VERB
easat-9655	142	3	inventory	inventory	NOUN
easat-9655	142	4	and	and	CCONJ
easat-9655	142	5	logistics	logistic	NOUN
easat-9655	142	6	costs	cost	NOUN
easat-9655	142	7	and	and	CCONJ
easat-9655	142	8	improve	improve	VERB
easat-9655	142	9	overall	overall	ADJ
easat-9655	142	10	firm	firm	ADJ
easat-9655	142	11	profitability	profitability	NOUN
easat-9655	142	12	[	[	X
easat-9655	142	13	23	23	NUM
easat-9655	142	14	]	]	SYM
easat-9655	142	15	1587	1587	NUM
easat-9655	142	16	edelweiss	edelweiss	PROPN
easat-9655	142	17	applied	apply	VERB
easat-9655	142	18	science	science	NOUN
easat-9655	142	19	and	and	CCONJ
easat-9655	142	20	technology	technology	NOUN
easat-9655	142	21	issn	issn	PROPN
easat-9655	142	22	:	:	PUNCT
easat-9655	142	23	2576	2576	NUM
easat-9655	142	24	-	-	SYM
easat-9655	142	25	8484	8484	NUM
easat-9655	142	26	vol	vol	NOUN
easat-9655	142	27	.	.	PROPN
easat-9655	143	1	9	9	NUM
easat-9655	143	2	,	,	PUNCT
easat-9655	143	3	no	no	INTJ
easat-9655	143	4	.	.	NOUN
easat-9655	143	5	8	8	NUM
easat-9655	143	6	:	:	SYM
easat-9655	143	7	1580	1580	NUM
easat-9655	143	8	-	-	SYM
easat-9655	143	9	1595	1595	NUM
easat-9655	143	10	,	,	PUNCT
easat-9655	143	11	2025	2025	NUM
easat-9655	143	12	doi	doi	NOUN
easat-9655	143	13	:	:	PUNCT
easat-9655	143	14	10.55214/2576	10.55214/2576	NUM
easat-9655	143	15	-	-	PUNCT
easat-9655	143	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	144	1	©	©	ADP
easat-9655	144	2	2025	2025	NUM
easat-9655	144	3	by	by	ADP
easat-9655	144	4	the	the	DET
easat-9655	144	5	authors	author	NOUN
easat-9655	144	6	;	;	PUNCT
easat-9655	144	7	licensee	licensee	PROPN
easat-9655	144	8	learning	learning	NOUN
easat-9655	144	9	gate	gate	VERB
easat-9655	144	10	•	•	ADP
easat-9655	144	11	enhance	enhance	PROPN
easat-9655	144	12	firms	firm	NOUN
easat-9655	144	13	'	'	PART
easat-9655	144	14	risk	risk	NOUN
easat-9655	144	15	response	response	NOUN
easat-9655	144	16	capabilities	capability	NOUN
easat-9655	144	17	,	,	PUNCT
easat-9655	144	18	such	such	ADJ
easat-9655	144	19	as	as	ADP
easat-9655	144	20	utilising	utilise	VERB
easat-9655	144	21	blockchain	blockchain	PROPN
easat-9655	144	22	technology	technology	NOUN
easat-9655	144	23	to	to	PART
easat-9655	144	24	track	track	VERB
easat-9655	144	25	product	product	NOUN
easat-9655	144	26	flows	flow	NOUN
easat-9655	144	27	and	and	CCONJ
easat-9655	144	28	reduce	reduce	VERB
easat-9655	144	29	the	the	DET
easat-9655	144	30	risk	risk	NOUN
easat-9655	144	31	of	of	ADP
easat-9655	144	32	supply	supply	NOUN
easat-9655	144	33	chain	chain	NOUN
easat-9655	144	34	disruptions	disruption	NOUN
easat-9655	144	35	[	[	X
easat-9655	144	36	24	24	NUM
easat-9655	144	37	]	]	PUNCT
easat-9655	144	38	in	in	ADP
easat-9655	144	39	the	the	DET
easat-9655	144	40	extended	extended	ADJ
easat-9655	144	41	model	model	NOUN
easat-9655	144	42	of	of	ADP
easat-9655	144	43	this	this	DET
easat-9655	144	44	study	study	NOUN
easat-9655	144	45	,	,	PUNCT
easat-9655	144	46	the	the	DET
easat-9655	144	47	following	follow	VERB
easat-9655	144	48	mediating	mediate	VERB
easat-9655	144	49	variables	variable	NOUN
easat-9655	144	50	are	be	AUX
easat-9655	144	51	added	add	VERB
easat-9655	144	52	:	:	PUNCT
easat-9655	144	53	scm	scm	PROPN
easat-9655	144	54	=	=	SYM
easat-9655	144	55	f(digital	f(digital	PROPN
easat-9655	144	56	,	,	PUNCT
easat-9655	144	57	control	control	NOUN
easat-9655	144	58	)	)	PUNCT
easat-9655	144	59	roa	roa	NOUN
easat-9655	144	60	=	=	PROPN
easat-9655	144	61	f(scm	f(scm	PROPN
easat-9655	144	62	,	,	PUNCT
easat-9655	144	63	digital	digital	ADJ
easat-9655	144	64	,	,	PUNCT
easat-9655	144	65	control	control	NOUN
easat-9655	144	66	)	)	PUNCT
easat-9655	144	67	if	if	SCONJ
easat-9655	144	68	the	the	DET
easat-9655	144	69	regression	regression	NOUN
easat-9655	144	70	of	of	ADP
easat-9655	144	71	scm	scm	PROPN
easat-9655	144	72	between	between	ADP
easat-9655	144	73	digital	digital	PROPN
easat-9655	144	74	and	and	CCONJ
easat-9655	144	75	roa	roa	NOUN
easat-9655	144	76	is	be	AUX
easat-9655	144	77	significant	significant	ADJ
easat-9655	144	78	,	,	PUNCT
easat-9655	144	79	it	it	PRON
easat-9655	144	80	suggests	suggest	VERB
easat-9655	144	81	that	that	SCONJ
easat-9655	144	82	supply	supply	NOUN
easat-9655	144	83	chain	chain	NOUN
easat-9655	144	84	digitisation	digitisation	NOUN
easat-9655	144	85	may	may	AUX
easat-9655	144	86	be	be	AUX
easat-9655	144	87	an	an	DET
easat-9655	144	88	important	important	ADJ
easat-9655	144	89	mediator	mediator	NOUN
easat-9655	144	90	of	of	ADP
easat-9655	144	91	the	the	DET
easat-9655	144	92	impact	impact	NOUN
easat-9655	144	93	of	of	ADP
easat-9655	144	94	digital	digital	ADJ
easat-9655	144	95	investment	investment	NOUN
easat-9655	144	96	on	on	ADP
easat-9655	144	97	firm	firm	ADJ
easat-9655	144	98	performance	performance	NOUN
easat-9655	144	99	.	.	PUNCT
easat-9655	145	1	4	4	X
easat-9655	145	2	.	.	X
easat-9655	145	3	data	datum	NOUN
easat-9655	145	4	description	description	NOUN
easat-9655	145	5	and	and	CCONJ
easat-9655	145	6	definition	definition	NOUN
easat-9655	145	7	of	of	ADP
easat-9655	145	8	variables	variable	NOUN
easat-9655	145	9	4.1	4.1	NUM
easat-9655	145	10	.	.	PUNCT
easat-9655	146	1	data	datum	NOUN
easat-9655	146	2	sources	source	NOUN
easat-9655	146	3	the	the	DET
easat-9655	146	4	data	data	NOUN
easat-9655	146	5	sources	source	NOUN
easat-9655	146	6	for	for	ADP
easat-9655	146	7	this	this	DET
easat-9655	146	8	study	study	NOUN
easat-9655	146	9	include	include	VERB
easat-9655	146	10	the	the	DET
easat-9655	146	11	following	follow	VERB
easat-9655	146	12	:	:	PUNCT
easat-9655	146	13	1	1	X
easat-9655	146	14	.	.	X
easat-9655	146	15	financial	financial	ADJ
easat-9655	146	16	data	datum	NOUN
easat-9655	146	17	:	:	PUNCT
easat-9655	146	18	from	from	ADP
easat-9655	146	19	wind	wind	NOUN
easat-9655	146	20	database	database	NOUN
easat-9655	146	21	and	and	CCONJ
easat-9655	146	22	csmar	csmar	PROPN
easat-9655	146	23	database	database	NOUN
easat-9655	146	24	,	,	PUNCT
easat-9655	146	25	including	include	VERB
easat-9655	146	26	financial	financial	ADJ
easat-9655	146	27	variables	variable	NOUN
easat-9655	146	28	such	such	ADJ
easat-9655	146	29	as	as	ADP
easat-9655	146	30	roa	roa	PROPN
easat-9655	146	31	,	,	PUNCT
easat-9655	146	32	tobin	tobin	PROPN
easat-9655	146	33	's	's	PART
easat-9655	146	34	q	q	NOUN
easat-9655	146	35	,	,	PUNCT
easat-9655	146	36	enterprise	enterprise	NOUN
easat-9655	146	37	size	size	NOUN
easat-9655	146	38	,	,	PUNCT
easat-9655	146	39	leverage	leverage	NOUN
easat-9655	146	40	ratio	ratio	NOUN
easat-9655	146	41	,	,	PUNCT
easat-9655	146	42	etc	etc	X
easat-9655	146	43	.	.	X
easat-9655	146	44	2	2	X
easat-9655	146	45	.	.	X
easat-9655	146	46	innovation	innovation	NOUN
easat-9655	146	47	data	datum	NOUN
easat-9655	146	48	:	:	PUNCT
easat-9655	146	49	the	the	DET
easat-9655	146	50	number	number	NOUN
easat-9655	146	51	of	of	ADP
easat-9655	146	52	patent	patent	NOUN
easat-9655	146	53	applications	application	NOUN
easat-9655	146	54	obtained	obtain	VERB
easat-9655	146	55	from	from	ADP
easat-9655	146	56	the	the	DET
easat-9655	146	57	national	national	ADJ
easat-9655	146	58	intellectual	intellectual	ADJ
easat-9655	146	59	property	property	NOUN
easat-9655	146	60	office	office	NOUN
easat-9655	146	61	database	database	NOUN
easat-9655	146	62	(	(	PUNCT
easat-9655	146	63	cnpat	cnpat	ADJ
easat-9655	146	64	)	)	PUNCT
easat-9655	146	65	,	,	PUNCT
easat-9655	146	66	combined	combine	VERB
easat-9655	146	67	with	with	ADP
easat-9655	146	68	r&d	r&d	NOUN
easat-9655	146	69	investment	investment	NOUN
easat-9655	146	70	information	information	NOUN
easat-9655	146	71	from	from	ADP
easat-9655	146	72	the	the	DET
easat-9655	146	73	wind	wind	NOUN
easat-9655	146	74	database	database	NOUN
easat-9655	146	75	,	,	PUNCT
easat-9655	146	76	is	be	AUX
easat-9655	146	77	used	use	VERB
easat-9655	146	78	to	to	PART
easat-9655	146	79	measure	measure	VERB
easat-9655	146	80	the	the	DET
easat-9655	146	81	innovation	innovation	NOUN
easat-9655	146	82	activities	activity	NOUN
easat-9655	146	83	of	of	ADP
easat-9655	146	84	enterprises	enterprise	NOUN
easat-9655	146	85	.	.	PUNCT
easat-9655	147	1	3	3	X
easat-9655	147	2	.	.	X
easat-9655	147	3	digital	digital	ADJ
easat-9655	147	4	investment	investment	NOUN
easat-9655	147	5	data	datum	NOUN
easat-9655	147	6	:	:	PUNCT
easat-9655	147	7	enterprises	enterprise	NOUN
easat-9655	147	8	'	'	PART
easat-9655	147	9	digital	digital	ADJ
easat-9655	147	10	investment	investment	NOUN
easat-9655	147	11	(	(	PUNCT
easat-9655	147	12	it	it	PRON
easat-9655	147	13	investment	investment	NOUN
easat-9655	147	14	expenditure	expenditure	NOUN
easat-9655	147	15	)	)	PUNCT
easat-9655	147	16	is	be	AUX
easat-9655	147	17	mainly	mainly	ADV
easat-9655	147	18	obtained	obtain	VERB
easat-9655	147	19	from	from	ADP
easat-9655	147	20	it	it	PRON
easat-9655	147	21	capital	capital	NOUN
easat-9655	147	22	expenditure	expenditure	NOUN
easat-9655	147	23	and	and	CCONJ
easat-9655	147	24	digital	digital	ADJ
easat-9655	147	25	transformation	transformation	NOUN
easat-9655	147	26	-	-	PUNCT
easat-9655	147	27	related	relate	VERB
easat-9655	147	28	project	project	NOUN
easat-9655	147	29	investment	investment	NOUN
easat-9655	147	30	information	information	NOUN
easat-9655	147	31	in	in	ADP
easat-9655	147	32	their	their	PRON
easat-9655	147	33	annual	annual	ADJ
easat-9655	147	34	reports	report	NOUN
easat-9655	147	35	,	,	PUNCT
easat-9655	147	36	and	and	CCONJ
easat-9655	147	37	the	the	DET
easat-9655	147	38	digital	digital	ADJ
easat-9655	147	39	transformation	transformation	NOUN
easat-9655	147	40	index	index	NOUN
easat-9655	147	41	(	(	PUNCT
easat-9655	147	42	dti	dti	PROPN
easat-9655	147	43	)	)	PUNCT
easat-9655	147	44	is	be	AUX
easat-9655	147	45	calculated	calculate	VERB
easat-9655	147	46	.	.	PUNCT
easat-9655	148	1	4	4	X
easat-9655	148	2	.	.	X
easat-9655	148	3	industry	industry	NOUN
easat-9655	148	4	classification	classification	NOUN
easat-9655	148	5	data	datum	NOUN
easat-9655	148	6	:	:	PUNCT
easat-9655	148	7	the	the	DET
easat-9655	148	8	csrc	csrc	NOUN
easat-9655	148	9	industry	industry	NOUN
easat-9655	148	10	classification	classification	NOUN
easat-9655	148	11	standard	standard	NOUN
easat-9655	148	12	is	be	AUX
easat-9655	148	13	used	use	VERB
easat-9655	148	14	to	to	PART
easat-9655	148	15	distinguish	distinguish	VERB
easat-9655	148	16	between	between	ADP
easat-9655	148	17	manufacturing	manufacturing	NOUN
easat-9655	148	18	and	and	CCONJ
easat-9655	148	19	non	non	ADJ
easat-9655	148	20	-	-	ADJ
easat-9655	148	21	manufacturing	manufacturing	ADJ
easat-9655	148	22	enterprises	enterprise	NOUN
easat-9655	148	23	to	to	PART
easat-9655	148	24	analyse	analyse	VERB
easat-9655	148	25	industry	industry	NOUN
easat-9655	148	26	heterogeneity	heterogeneity	NOUN
easat-9655	148	27	.	.	PUNCT
easat-9655	149	1	4.2	4.2	NUM
easat-9655	149	2	.	.	PUNCT
easat-9655	150	1	variable	variable	ADJ
easat-9655	150	2	definitions	definition	NOUN
easat-9655	150	3	this	this	DET
easat-9655	150	4	study	study	NOUN
easat-9655	150	5	mainly	mainly	ADV
easat-9655	150	6	includes	include	VERB
easat-9655	150	7	dependent	dependent	ADJ
easat-9655	150	8	,	,	PUNCT
easat-9655	150	9	independent	independent	ADJ
easat-9655	150	10	,	,	PUNCT
easat-9655	150	11	mediating	mediating	NOUN
easat-9655	150	12	,	,	PUNCT
easat-9655	150	13	moderating	moderate	VERB
easat-9655	150	14	and	and	CCONJ
easat-9655	150	15	control	control	NOUN
easat-9655	150	16	variables	variable	NOUN
easat-9655	150	17	,	,	PUNCT
easat-9655	150	18	which	which	PRON
easat-9655	150	19	are	be	AUX
easat-9655	150	20	defined	define	VERB
easat-9655	150	21	as	as	SCONJ
easat-9655	150	22	follows	follow	VERB
easat-9655	150	23	:	:	PUNCT
easat-9655	150	24	4.2.1	4.2.1	NUM
easat-9655	150	25	.	.	PUNCT
easat-9655	151	1	dependent	dependent	ADJ
easat-9655	151	2	variables	variable	NOUN
easat-9655	151	3	return	return	VERB
easat-9655	151	4	on	on	ADP
easat-9655	151	5	assets	asset	NOUN
easat-9655	151	6	measures	measure	VERB
easat-9655	151	7	the	the	DET
easat-9655	151	8	profitability	profitability	NOUN
easat-9655	151	9	of	of	ADP
easat-9655	151	10	a	a	DET
easat-9655	151	11	firm	firm	NOUN
easat-9655	151	12	and	and	CCONJ
easat-9655	151	13	is	be	AUX
easat-9655	151	14	calculated	calculate	VERB
easat-9655	151	15	as	as	SCONJ
easat-9655	151	16	follows	follow	VERB
easat-9655	151	17	:	:	PUNCT
easat-9655	151	18	𝑅𝑂𝐴	𝑅𝑂𝐴	PROPN
easat-9655	151	19	=	=	SYM
easat-9655	151	20	net	net	ADJ
easat-9655	151	21	profit	profit	NOUN
easat-9655	151	22	total	total	ADJ
easat-9655	151	23	assets	asset	NOUN
easat-9655	151	24	tobin	tobin	NOUN
easat-9655	151	25	's	's	PART
easat-9655	151	26	q	q	NOUN
easat-9655	151	27	measures	measure	NOUN
easat-9655	151	28	the	the	DET
easat-9655	151	29	ratio	ratio	NOUN
easat-9655	151	30	of	of	ADP
easat-9655	151	31	a	a	DET
easat-9655	151	32	firm	firm	NOUN
easat-9655	151	33	's	's	PART
easat-9655	151	34	market	market	NOUN
easat-9655	151	35	value	value	NOUN
easat-9655	151	36	to	to	ADP
easat-9655	151	37	the	the	DET
easat-9655	151	38	book	book	NOUN
easat-9655	151	39	value	value	NOUN
easat-9655	151	40	of	of	ADP
easat-9655	151	41	its	its	PRON
easat-9655	151	42	assets	asset	NOUN
easat-9655	151	43	and	and	CCONJ
easat-9655	151	44	is	be	AUX
easat-9655	151	45	calculated	calculate	VERB
easat-9655	151	46	as	as	SCONJ
easat-9655	151	47	follows	follow	VERB
easat-9655	151	48	:	:	PUNCT
easat-9655	151	49	𝑇𝑜𝑏𝑖𝑛𝑄	𝑇𝑜𝑏𝑖𝑛𝑄	ADP
easat-9655	151	50	=	=	NOUN
easat-9655	151	51	market	market	NOUN
easat-9655	151	52	value	value	NOUN
easat-9655	151	53	book	book	NOUN
easat-9655	151	54	value	value	NOUN
easat-9655	151	55	of	of	ADP
easat-9655	151	56	assets	asset	NOUN
easat-9655	151	57	4.2.2	4.2.2	X
easat-9655	151	58	.	.	PUNCT
easat-9655	152	1	independent	independent	ADJ
easat-9655	152	2	variables	variable	NOUN
easat-9655	152	3	r&d	r&d	NOUN
easat-9655	152	4	intensity	intensity	NOUN
easat-9655	152	5	measures	measure	VERB
easat-9655	152	6	a	a	DET
easat-9655	152	7	firm	firm	NOUN
easat-9655	152	8	's	's	PART
easat-9655	152	9	investment	investment	NOUN
easat-9655	152	10	in	in	ADP
easat-9655	152	11	innovation	innovation	NOUN
easat-9655	152	12	and	and	CCONJ
easat-9655	152	13	is	be	AUX
easat-9655	152	14	calculated	calculate	VERB
easat-9655	152	15	as	as	SCONJ
easat-9655	152	16	follows	follow	VERB
easat-9655	152	17	:	:	PUNCT
easat-9655	152	18	𝑅&𝐷	𝑅&𝐷	PROPN
easat-9655	152	19	=	=	SYM
easat-9655	152	20	r&d	r&d	NOUN
easat-9655	152	21	input	input	NOUN
easat-9655	152	22	operating	operating	NOUN
easat-9655	152	23	income	income	NOUN
easat-9655	152	24	patent	patent	NOUN
easat-9655	152	25	count	count	NOUN
easat-9655	152	26	measures	measure	VERB
easat-9655	152	27	the	the	DET
easat-9655	152	28	number	number	NOUN
easat-9655	152	29	of	of	ADP
easat-9655	152	30	patents	patent	NOUN
easat-9655	152	31	filed	file	VERB
easat-9655	152	32	by	by	ADP
easat-9655	152	33	a	a	DET
easat-9655	152	34	company	company	NOUN
easat-9655	152	35	in	in	ADP
easat-9655	152	36	a	a	DET
easat-9655	152	37	given	give	VERB
easat-9655	152	38	year	year	NOUN
easat-9655	152	39	as	as	ADP
easat-9655	152	40	a	a	DET
easat-9655	152	41	measure	measure	NOUN
easat-9655	152	42	of	of	ADP
easat-9655	152	43	innovation	innovation	NOUN
easat-9655	152	44	activity	activity	NOUN
easat-9655	152	45	:	:	PUNCT
easat-9655	152	46	𝑃𝑎𝑡𝑒𝑛𝑡	𝑃𝑎𝑡𝑒𝑛𝑡	PROPN
easat-9655	152	47	=	=	PUNCT
easat-9655	152	48	total	total	ADJ
easat-9655	152	49	number	number	NOUN
easat-9655	152	50	of	of	ADP
easat-9655	152	51	patents	patent	NOUN
easat-9655	152	52	filed	file	VERB
easat-9655	152	53	4.2.3	4.2.3	PRON
easat-9655	152	54	.	.	PUNCT
easat-9655	153	1	mediating	mediate	VERB
easat-9655	153	2	variable	variable	NOUN
easat-9655	153	3	:	:	PUNCT
easat-9655	153	4	innovation	innovation	NOUN
easat-9655	153	5	capability	capability	NOUN
easat-9655	153	6	the	the	DET
easat-9655	153	7	innovation	innovation	NOUN
easat-9655	153	8	index	index	NOUN
easat-9655	153	9	considers	consider	VERB
easat-9655	153	10	the	the	DET
easat-9655	153	11	number	number	NOUN
easat-9655	153	12	of	of	ADP
easat-9655	153	13	patents	patent	NOUN
easat-9655	153	14	and	and	CCONJ
easat-9655	153	15	r&d	r&d	NOUN
easat-9655	153	16	investment	investment	NOUN
easat-9655	153	17	and	and	CCONJ
easat-9655	153	18	is	be	AUX
easat-9655	153	19	normalised	normalise	VERB
easat-9655	153	20	as	as	SCONJ
easat-9655	153	21	follows	follow	VERB
easat-9655	153	22	:	:	PUNCT
easat-9655	154	1	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐼𝑛𝑑𝑒𝑥	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐼𝑛𝑑𝑒𝑥	PROPN
easat-9655	154	2	=	=	PUNCT
easat-9655	154	3	𝑃𝑎𝑡𝑒𝑛𝑡	𝑃𝑎𝑡𝑒𝑛𝑡	ADJ
easat-9655	154	4	−	−	PROPN
easat-9655	154	5	min(𝑃𝑎𝑡𝑒𝑛𝑡	min(𝑃𝑎𝑡𝑒𝑛𝑡	PROPN
easat-9655	154	6	)	)	PUNCT
easat-9655	154	7	max(𝑃𝑎𝑡𝑒𝑛𝑡	max(𝑃𝑎𝑡𝑒𝑛𝑡	PROPN
easat-9655	154	8	)	)	PUNCT
easat-9655	154	9	−	−	PROPN
easat-9655	155	1	min(𝑃𝑎𝑡𝑒𝑛𝑡	min(𝑃𝑎𝑡𝑒𝑛𝑡	PROPN
easat-9655	155	2	)	)	PUNCT
easat-9655	155	3	+	+	CCONJ
easat-9655	155	4	𝑅&𝐷	𝑅&𝐷	PROPN
easat-9655	155	5	−	−	PROPN
easat-9655	155	6	min(𝑅&𝐷	min(𝑅&𝐷	PROPN
easat-9655	155	7	)	)	PUNCT
easat-9655	155	8	max(𝑅&𝐷	max(𝑅&𝐷	PROPN
easat-9655	155	9	)	)	PUNCT
easat-9655	155	10	−	−	PROPN
easat-9655	155	11	min(𝑅&𝐷	min(𝑅&𝐷	NOUN
easat-9655	155	12	)	)	PUNCT
easat-9655	155	13	technological	technological	ADJ
easat-9655	155	14	spillover	spillover	NOUN
easat-9655	155	15	measures	measure	NOUN
easat-9655	155	16	the	the	DET
easat-9655	155	17	extent	extent	NOUN
easat-9655	155	18	of	of	ADP
easat-9655	155	19	r&d	r&d	NOUN
easat-9655	155	20	co	co	NOUN
easat-9655	155	21	-	-	NOUN
easat-9655	155	22	operation	operation	NOUN
easat-9655	155	23	between	between	ADP
easat-9655	155	24	a	a	DET
easat-9655	155	25	firm	firm	ADJ
easat-9655	155	26	and	and	CCONJ
easat-9655	155	27	external	external	ADJ
easat-9655	155	28	organisations	organisation	NOUN
easat-9655	155	29	and	and	CCONJ
easat-9655	155	30	is	be	AUX
easat-9655	155	31	calculated	calculate	VERB
easat-9655	155	32	as	as	SCONJ
easat-9655	155	33	follows	follow	VERB
easat-9655	155	34	:	:	PUNCT
easat-9655	155	35	1588	1588	NUM
easat-9655	155	36	edelweiss	edelweiss	PROPN
easat-9655	155	37	applied	apply	VERB
easat-9655	155	38	science	science	NOUN
easat-9655	155	39	and	and	CCONJ
easat-9655	155	40	technology	technology	NOUN
easat-9655	155	41	issn	issn	PROPN
easat-9655	155	42	:	:	PUNCT
easat-9655	155	43	2576	2576	NUM
easat-9655	155	44	-	-	SYM
easat-9655	155	45	8484	8484	NUM
easat-9655	155	46	vol	vol	NOUN
easat-9655	155	47	.	.	PROPN
easat-9655	156	1	9	9	NUM
easat-9655	156	2	,	,	PUNCT
easat-9655	156	3	no	no	INTJ
easat-9655	156	4	.	.	NOUN
easat-9655	156	5	8	8	NUM
easat-9655	156	6	:	:	SYM
easat-9655	156	7	1580	1580	NUM
easat-9655	156	8	-	-	SYM
easat-9655	156	9	1595	1595	NUM
easat-9655	156	10	,	,	PUNCT
easat-9655	156	11	2025	2025	NUM
easat-9655	156	12	doi	doi	NOUN
easat-9655	156	13	:	:	PUNCT
easat-9655	156	14	10.55214/2576	10.55214/2576	NUM
easat-9655	156	15	-	-	PUNCT
easat-9655	156	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	157	1	©	©	ADP
easat-9655	157	2	2025	2025	NUM
easat-9655	157	3	by	by	ADP
easat-9655	157	4	the	the	DET
easat-9655	157	5	authors	author	NOUN
easat-9655	157	6	;	;	PUNCT
easat-9655	157	7	licensee	licensee	PROPN
easat-9655	157	8	learning	learning	NOUN
easat-9655	157	9	gate	gate	NOUN
easat-9655	157	10	𝑇𝑒𝑐ℎ𝑆𝑝𝑖𝑙𝑙𝑜𝑣𝑒𝑟	𝑇𝑒𝑐ℎ𝑆𝑝𝑖𝑙𝑙𝑜𝑣𝑒𝑟	PROPN
easat-9655	157	11	=	=	SYM
easat-9655	157	12	enterprise	enterprise	PROPN
easat-9655	157	13	r&d	r&d	PROPN
easat-9655	157	14	co	co	NOUN
easat-9655	157	15	-	-	NOUN
easat-9655	157	16	operation	operation	NOUN
easat-9655	157	17	spending	spending	NOUN
easat-9655	157	18	total	total	NOUN
easat-9655	157	19	r&d	r&d	NOUN
easat-9655	157	20	spending	spending	NOUN
easat-9655	157	21	4.2.4	4.2.4	NUM
easat-9655	157	22	.	.	PUNCT
easat-9655	158	1	moderating	moderate	VERB
easat-9655	158	2	variable	variable	ADJ
easat-9655	158	3	it	it	PRON
easat-9655	158	4	investment	investment	NOUN
easat-9655	158	5	ratio	ratio	NOUN
easat-9655	158	6	measures	measure	VERB
easat-9655	158	7	the	the	DET
easat-9655	158	8	percentage	percentage	NOUN
easat-9655	158	9	of	of	ADP
easat-9655	158	10	it	it	PRON
easat-9655	158	11	capital	capital	NOUN
easat-9655	158	12	expenditures	expenditure	NOUN
easat-9655	158	13	of	of	ADP
easat-9655	158	14	a	a	DET
easat-9655	158	15	company	company	NOUN
easat-9655	158	16	and	and	CCONJ
easat-9655	158	17	is	be	AUX
easat-9655	158	18	calculated	calculate	VERB
easat-9655	158	19	as	as	SCONJ
easat-9655	158	20	follows	follow	VERB
easat-9655	158	21	:	:	PUNCT
easat-9655	158	22	𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	PROPN
easat-9655	158	23	=	=	PRON
easat-9655	158	24	it	it	PRON
easat-9655	158	25	related	relate	VERB
easat-9655	158	26	expenses	expense	VERB
easat-9655	158	27	total	total	ADJ
easat-9655	158	28	assets	asset	NOUN
easat-9655	158	29	the	the	DET
easat-9655	158	30	digital	digital	ADJ
easat-9655	158	31	transformation	transformation	NOUN
easat-9655	158	32	index	index	NOUN
easat-9655	158	33	(	(	PUNCT
easat-9655	158	34	dti	dti	PROPN
easat-9655	158	35	)	)	PUNCT
easat-9655	158	36	is	be	AUX
easat-9655	158	37	normalised	normalise	VERB
easat-9655	158	38	based	base	VERB
easat-9655	158	39	on	on	ADP
easat-9655	158	40	average	average	ADJ
easat-9655	158	41	industry	industry	NOUN
easat-9655	158	42	it	it	PRON
easat-9655	158	43	investment	investment	NOUN
easat-9655	158	44	levels	level	NOUN
easat-9655	158	45	:	:	PUNCT
easat-9655	158	46	𝐷𝑇𝐼	𝐷𝑇𝐼	PROPN
easat-9655	158	47	=	=	SYM
easat-9655	158	48	𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	PROPN
easat-9655	158	49	−	−	PROPN
easat-9655	158	50	min(𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	min(𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	ADJ
easat-9655	158	51	)	)	PUNCT
easat-9655	158	52	max(𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	max(𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	PROPN
easat-9655	158	53	)	)	PUNCT
easat-9655	158	54	−	−	ADP
easat-9655	158	55	min(𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	min(𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	PROPN
easat-9655	158	56	)	)	PUNCT
easat-9655	158	57	4.2.5	4.2.5	NUM
easat-9655	158	58	.	.	PUNCT
easat-9655	159	1	control	control	NOUN
easat-9655	159	2	variables	variable	NOUN
easat-9655	159	3	firm	firm	ADJ
easat-9655	159	4	size	size	NOUN
easat-9655	159	5	is	be	AUX
easat-9655	159	6	measured	measure	VERB
easat-9655	159	7	by	by	ADP
easat-9655	159	8	the	the	DET
easat-9655	159	9	logarithm	logarithm	NOUN
easat-9655	159	10	of	of	ADP
easat-9655	159	11	total	total	ADJ
easat-9655	159	12	assets	asset	NOUN
easat-9655	159	13	:	:	PUNCT
easat-9655	159	14	𝑆𝑖𝑧𝑒	𝑆𝑖𝑧𝑒	PROPN
easat-9655	159	15	=	=	SYM
easat-9655	159	16	log(total	log(total	ADJ
easat-9655	159	17	assets	asset	NOUN
easat-9655	159	18	)	)	PUNCT
easat-9655	159	19	the	the	DET
easat-9655	159	20	gearing	gear	VERB
easat-9655	159	21	ratio	ratio	NOUN
easat-9655	159	22	measures	measure	VERB
easat-9655	159	23	the	the	DET
easat-9655	159	24	level	level	NOUN
easat-9655	159	25	of	of	ADP
easat-9655	159	26	financial	financial	ADJ
easat-9655	159	27	leverage	leverage	NOUN
easat-9655	159	28	of	of	ADP
easat-9655	159	29	a	a	DET
easat-9655	159	30	firm	firm	NOUN
easat-9655	159	31	:	:	PUNCT
easat-9655	160	1	𝐿𝑒𝑣𝑒𝑟𝑎𝑔𝑒	𝐿𝑒𝑣𝑒𝑟𝑎𝑔𝑒	PROPN
easat-9655	160	2	=	=	SYM
easat-9655	160	3	total	total	ADJ
easat-9655	160	4	liabilities	liability	NOUN
easat-9655	160	5	total	total	ADJ
easat-9655	160	6	assets	asset	NOUN
easat-9655	160	7	market	market	NOUN
easat-9655	160	8	competition	competition	NOUN
easat-9655	160	9	intensity	intensity	NOUN
easat-9655	160	10	(	(	PUNCT
easat-9655	160	11	mce	mce	NOUN
easat-9655	160	12	)	)	PUNCT
easat-9655	160	13	measures	measure	VERB
easat-9655	160	14	the	the	DET
easat-9655	160	15	number	number	NOUN
easat-9655	160	16	of	of	ADP
easat-9655	160	17	firms	firm	NOUN
easat-9655	160	18	in	in	ADP
easat-9655	160	19	the	the	DET
easat-9655	160	20	industry	industry	NOUN
easat-9655	160	21	:	:	PUNCT
easat-9655	160	22	𝐶𝑜𝑚𝑝𝑒𝑡𝑖𝑡𝑖𝑜𝑛	𝐶𝑜𝑚𝑝𝑒𝑡𝑖𝑡𝑖𝑜𝑛	PROPN
easat-9655	160	23	=	=	PUNCT
easat-9655	160	24	number	number	NOUN
easat-9655	160	25	of	of	ADP
easat-9655	160	26	firms	firm	NOUN
easat-9655	160	27	in	in	ADP
easat-9655	160	28	industry	industry	NOUN
easat-9655	160	29	4.3	4.3	NUM
easat-9655	160	30	.	.	PUNCT
easat-9655	161	1	variable	variable	ADJ
easat-9655	161	2	assumptions	assumption	NOUN
easat-9655	161	3	and	and	CCONJ
easat-9655	161	4	constructions	construction	NOUN
easat-9655	161	5	4.3.1	4.3.1	VERB
easat-9655	161	6	.	.	PUNCT
easat-9655	162	1	additional	additional	ADJ
easat-9655	162	2	hypotheses	hypothesis	NOUN
easat-9655	162	3	based	base	VERB
easat-9655	162	4	on	on	ADP
easat-9655	162	5	the	the	DET
easat-9655	162	6	above	above	ADJ
easat-9655	162	7	theory	theory	NOUN
easat-9655	162	8	,	,	PUNCT
easat-9655	162	9	the	the	DET
easat-9655	162	10	following	follow	VERB
easat-9655	162	11	research	research	NOUN
easat-9655	162	12	hypotheses	hypothesis	NOUN
easat-9655	162	13	are	be	AUX
easat-9655	162	14	proposed	propose	VERB
easat-9655	162	15	in	in	ADP
easat-9655	162	16	this	this	DET
easat-9655	162	17	study	study	NOUN
easat-9655	162	18	:	:	PUNCT
easat-9655	162	19	h4	h4	NOUN
easat-9655	162	20	:	:	PUNCT
easat-9655	162	21	firm	firm	ADJ
easat-9655	162	22	size	size	NOUN
easat-9655	162	23	plays	play	VERB
easat-9655	162	24	a	a	DET
easat-9655	162	25	moderating	moderate	VERB
easat-9655	162	26	role	role	NOUN
easat-9655	162	27	in	in	ADP
easat-9655	162	28	the	the	DET
easat-9655	162	29	relationship	relationship	NOUN
easat-9655	162	30	between	between	ADP
easat-9655	162	31	innovation	innovation	NOUN
easat-9655	162	32	strategy	strategy	NOUN
easat-9655	162	33	and	and	CCONJ
easat-9655	162	34	firm	firm	ADJ
easat-9655	162	35	performance	performance	NOUN
easat-9655	162	36	.	.	PUNCT
easat-9655	163	1	the	the	DET
easat-9655	163	2	theoretical	theoretical	ADJ
easat-9655	163	3	basis	basis	NOUN
easat-9655	163	4	for	for	ADP
easat-9655	163	5	this	this	DET
easat-9655	163	6	hypothesis	hypothesis	NOUN
easat-9655	163	7	is	be	AUX
easat-9655	163	8	that	that	SCONJ
easat-9655	163	9	large	large	ADJ
easat-9655	163	10	firms	firm	NOUN
easat-9655	163	11	typically	typically	ADV
easat-9655	163	12	have	have	VERB
easat-9655	163	13	better	well	ADJ
easat-9655	163	14	management	management	NOUN
easat-9655	163	15	mechanisms	mechanism	NOUN
easat-9655	163	16	and	and	CCONJ
easat-9655	163	17	resource	resource	NOUN
easat-9655	163	18	integration	integration	NOUN
easat-9655	163	19	capabilities	capability	NOUN
easat-9655	163	20	,	,	PUNCT
easat-9655	163	21	and	and	CCONJ
easat-9655	163	22	therefore	therefore	ADV
easat-9655	163	23	their	their	PRON
easat-9655	163	24	innovation	innovation	NOUN
easat-9655	163	25	strategies	strategy	NOUN
easat-9655	163	26	may	may	AUX
easat-9655	163	27	have	have	VERB
easat-9655	163	28	a	a	DET
easat-9655	163	29	stronger	strong	ADJ
easat-9655	163	30	impact	impact	NOUN
easat-9655	163	31	on	on	ADP
easat-9655	163	32	performance	performance	NOUN
easat-9655	163	33	compared	compare	VERB
easat-9655	163	34	to	to	ADP
easat-9655	163	35	smes	sme	NOUN
easat-9655	163	36	[	[	X
easat-9655	163	37	24	24	NUM
easat-9655	163	38	]	]	PUNCT
easat-9655	163	39	.	.	PUNCT
easat-9655	164	1	4.3.2	4.3.2	X
easat-9655	164	2	.	.	PUNCT
easat-9655	165	1	variable	variable	ADJ
easat-9655	165	2	construction	construction	NOUN
easat-9655	165	3	innovation	innovation	NOUN
easat-9655	165	4	strategy	strategy	NOUN
easat-9655	165	5	:	:	PUNCT
easat-9655	165	6	measured	measure	VERB
easat-9655	165	7	by	by	ADP
easat-9655	165	8	both	both	DET
easat-9655	165	9	r&d	r&d	NOUN
easat-9655	165	10	intensity	intensity	NOUN
easat-9655	165	11	and	and	CCONJ
easat-9655	165	12	patent	patent	NOUN
easat-9655	165	13	count	count	NOUN
easat-9655	165	14	:	:	PUNCT
easat-9655	165	15	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐼𝑛𝑑𝑒𝑥	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝐼𝑛𝑑𝑒𝑥	PROPN
easat-9655	165	16	=	=	SYM
easat-9655	165	17	r&d	r&d	NOUN
easat-9655	165	18	intensity	intensity	NOUN
easat-9655	165	19	+	+	CCONJ
easat-9655	165	20	patent	patent	NOUN
easat-9655	165	21	count	count	NOUN
easat-9655	165	22	2	2	NUM
easat-9655	165	23	digital	digital	ADJ
easat-9655	165	24	investment	investment	NOUN
easat-9655	165	25	:	:	PUNCT
easat-9655	165	26	measured	measure	VERB
easat-9655	165	27	using	use	VERB
easat-9655	165	28	it	it	PRON
easat-9655	165	29	investment	investment	NOUN
easat-9655	165	30	ratio	ratio	NOUN
easat-9655	165	31	:	:	PUNCT
easat-9655	165	32	𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	PROPN
easat-9655	165	33	=	=	PRON
easat-9655	165	34	it	it	PRON
easat-9655	165	35	expenditure	expenditure	VERB
easat-9655	165	36	total	total	ADJ
easat-9655	165	37	assets	asset	NOUN
easat-9655	165	38	interaction	interaction	NOUN
easat-9655	165	39	variables	variable	NOUN
easat-9655	165	40	(	(	PUNCT
easat-9655	165	41	innovation	innovation	NOUN
easat-9655	165	42	×	×	PROPN
easat-9655	165	43	digital	digital	ADJ
easat-9655	165	44	investment	investment	NOUN
easat-9655	165	45	):	):	PUNCT
easat-9655	166	1	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛_𝐷𝑖𝑔𝑖𝑡𝑎𝑙	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛_𝐷𝑖𝑔𝑖𝑡𝑎𝑙	PROPN
easat-9655	166	2	=	=	SYM
easat-9655	166	3	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	PROPN
easat-9655	166	4	𝐼𝑛𝑑𝑒𝑥	𝐼𝑛𝑑𝑒𝑥	PROPN
easat-9655	166	5	×	×	NOUN
easat-9655	166	6	𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	𝐼𝑇_𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	PROPN
easat-9655	166	7	4.4	4.4	NUM
easat-9655	166	8	.	.	PUNCT
easat-9655	167	1	descriptive	descriptive	ADJ
easat-9655	167	2	statistics	statistic	NOUN
easat-9655	167	3	firstly	firstly	ADV
easat-9655	167	4	,	,	PUNCT
easat-9655	167	5	the	the	DET
easat-9655	167	6	main	main	ADJ
easat-9655	167	7	variables	variable	NOUN
easat-9655	167	8	were	be	AUX
easat-9655	167	9	analysed	analyse	VERB
easat-9655	167	10	by	by	ADP
easat-9655	167	11	descriptive	descriptive	ADJ
easat-9655	167	12	statistics	statistic	NOUN
easat-9655	167	13	,	,	PUNCT
easat-9655	167	14	including	include	VERB
easat-9655	167	15	mean	mean	ADJ
easat-9655	167	16	,	,	PUNCT
easat-9655	167	17	standard	standard	ADJ
easat-9655	167	18	deviation	deviation	NOUN
easat-9655	167	19	(	(	PUNCT
easat-9655	167	20	std	std	NOUN
easat-9655	167	21	)	)	PUNCT
easat-9655	167	22	,	,	PUNCT
easat-9655	167	23	minimum	minimum	NOUN
easat-9655	167	24	(	(	PUNCT
easat-9655	167	25	min	min	NOUN
easat-9655	167	26	)	)	PUNCT
easat-9655	167	27	,	,	PUNCT
easat-9655	167	28	maximum	maximum	X
easat-9655	167	29	(	(	PUNCT
easat-9655	167	30	max	max	PROPN
easat-9655	167	31	)	)	PUNCT
easat-9655	167	32	,	,	PUNCT
easat-9655	167	33	as	as	SCONJ
easat-9655	167	34	shown	show	VERB
easat-9655	167	35	in	in	ADP
easat-9655	167	36	the	the	DET
easat-9655	167	37	table	table	NOUN
easat-9655	167	38	below	below	ADV
easat-9655	167	39	:	:	PUNCT
easat-9655	167	40	1589	1589	NUM
easat-9655	167	41	edelweiss	edelweiss	PROPN
easat-9655	167	42	applied	apply	VERB
easat-9655	167	43	science	science	NOUN
easat-9655	167	44	and	and	CCONJ
easat-9655	167	45	technology	technology	NOUN
easat-9655	167	46	issn	issn	PROPN
easat-9655	167	47	:	:	PUNCT
easat-9655	167	48	2576	2576	NUM
easat-9655	167	49	-	-	SYM
easat-9655	167	50	8484	8484	NUM
easat-9655	167	51	vol	vol	NOUN
easat-9655	167	52	.	.	PROPN
easat-9655	168	1	9	9	NUM
easat-9655	168	2	,	,	PUNCT
easat-9655	168	3	no	no	INTJ
easat-9655	168	4	.	.	NOUN
easat-9655	168	5	8	8	NUM
easat-9655	168	6	:	:	SYM
easat-9655	168	7	1580	1580	NUM
easat-9655	168	8	-	-	SYM
easat-9655	168	9	1595	1595	NUM
easat-9655	168	10	,	,	PUNCT
easat-9655	168	11	2025	2025	NUM
easat-9655	168	12	doi	doi	NOUN
easat-9655	168	13	:	:	PUNCT
easat-9655	168	14	10.55214/2576	10.55214/2576	NUM
easat-9655	168	15	-	-	PUNCT
easat-9655	168	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	169	1	©	©	ADP
easat-9655	169	2	2025	2025	NUM
easat-9655	169	3	by	by	ADP
easat-9655	169	4	the	the	DET
easat-9655	169	5	authors	author	NOUN
easat-9655	169	6	;	;	PUNCT
easat-9655	169	7	licensee	licensee	PROPN
easat-9655	169	8	learning	learn	VERB
easat-9655	169	9	gate	gate	NOUN
easat-9655	169	10	table	table	NOUN
easat-9655	169	11	2	2	NUM
easat-9655	169	12	.	.	PUNCT
easat-9655	169	13	main	main	ADJ
easat-9655	169	14	variables	variable	NOUN
easat-9655	169	15	analysed	analyse	VERB
easat-9655	169	16	by	by	ADP
easat-9655	169	17	descriptive	descriptive	ADJ
easat-9655	169	18	statistics	statistic	NOUN
easat-9655	169	19	.	.	PUNCT
easat-9655	170	1	variable	variable	ADJ
easat-9655	170	2	mean	mean	VERB
easat-9655	170	3	std	std	PROPN
easat-9655	170	4	.	.	PUNCT
easat-9655	170	5	min	min	PROPN
easat-9655	170	6	.	.	PROPN
easat-9655	170	7	max	max	PROPN
easat-9655	170	8	.	.	PROPN
easat-9655	170	9	roa	roa	PROPN
easat-9655	170	10	0.084	0.084	NUM
easat-9655	170	11	0.032	0.032	NUM
easat-9655	170	12	0.021	0.021	NUM
easat-9655	170	13	0.183	0.183	NUM
easat-9655	170	14	tobin	tobin	NOUN
easat-9655	170	15	's	's	PART
easat-9655	170	16	q	q	NOUN
easat-9655	170	17	1.98	1.98	NUM
easat-9655	170	18	0.76	0.76	NUM
easat-9655	170	19	0.89	0.89	NUM
easat-9655	170	20	4.25	4.25	NUM
easat-9655	170	21	r&d	r&d	NOUN
easat-9655	170	22	intensity	intensity	NOUN
easat-9655	170	23	5.23	5.23	NUM
easat-9655	170	24	%	%	NOUN
easat-9655	170	25	1.12	1.12	NUM
easat-9655	170	26	%	%	NOUN
easat-9655	170	27	1.01	1.01	NUM
easat-9655	170	28	%	%	NOUN
easat-9655	170	29	12.45	12.45	NUM
easat-9655	170	30	%	%	NOUN
easat-9655	170	31	patent	patent	NOUN
easat-9655	170	32	count	count	NOUN
easat-9655	170	33	83.5	83.5	NUM
easat-9655	170	34	45.3	45.3	NUM
easat-9655	170	35	0	0	NUM
easat-9655	170	36	250	250	NUM
easat-9655	170	37	innovation	innovation	NOUN
easat-9655	170	38	capability	capability	NOUN
easat-9655	170	39	67.2	67.2	NUM
easat-9655	170	40	39.5	39.5	NUM
easat-9655	170	41	2.1	2.1	NUM
easat-9655	170	42	201.4	201.4	NUM
easat-9655	170	43	digitaltransformation	digitaltransformation	NOUN
easat-9655	170	44	index	index	NOUN
easat-9655	170	45	2.87	2.87	NUM
easat-9655	170	46	%	%	NOUN
easat-9655	170	47	1.65	1.65	NUM
easat-9655	170	48	%	%	NOUN
easat-9655	170	49	0.00	0.00	NUM
easat-9655	170	50	%	%	NOUN
easat-9655	170	51	8.92	8.92	NUM
easat-9655	170	52	%	%	NOUN
easat-9655	170	53	firm	firm	ADJ
easat-9655	170	54	size	size	NOUN
easat-9655	170	55	10.55	10.55	NUM
easat-9655	170	56	2.78	2.78	NUM
easat-9655	170	57	6.03	6.03	NUM
easat-9655	170	58	14.98	14.98	NUM
easat-9655	170	59	leverage	leverage	NOUN
easat-9655	170	60	0.45	0.45	NUM
easat-9655	170	61	0.21	0.21	NUM
easat-9655	170	62	0.10	0.10	NUM
easat-9655	170	63	0.79	0.79	NUM
easat-9655	170	64	market	market	NOUN
easat-9655	170	65	competition	competition	NOUN
easat-9655	170	66	intensity	intensity	NOUN
easat-9655	170	67	15.2	15.2	NUM
easat-9655	170	68	8.7	8.7	NUM
easat-9655	170	69	2	2	NUM
easat-9655	170	70	38	38	NUM
easat-9655	170	71	analysis	analysis	NOUN
easat-9655	170	72	:	:	PUNCT
easat-9655	170	73	1	1	X
easat-9655	170	74	.	.	PUNCT
easat-9655	171	1	the	the	DET
easat-9655	171	2	mean	mean	ADJ
easat-9655	171	3	values	value	NOUN
easat-9655	171	4	of	of	ADP
easat-9655	171	5	roa	roa	PROPN
easat-9655	171	6	and	and	CCONJ
easat-9655	171	7	tobin	tobin	PROPN
easat-9655	171	8	's	's	PART
easat-9655	171	9	q	q	NOUN
easat-9655	171	10	are	be	AUX
easat-9655	171	11	more	more	ADV
easat-9655	171	12	stable	stable	ADJ
easat-9655	171	13	,	,	PUNCT
easat-9655	171	14	indicating	indicate	VERB
easat-9655	171	15	that	that	SCONJ
easat-9655	171	16	the	the	DET
easat-9655	171	17	overall	overall	ADJ
easat-9655	171	18	profitability	profitability	NOUN
easat-9655	171	19	of	of	ADP
easat-9655	171	20	enterprises	enterprise	NOUN
easat-9655	171	21	is	be	AUX
easat-9655	171	22	strong	strong	ADJ
easat-9655	171	23	.	.	PUNCT
easat-9655	172	1	2	2	X
easat-9655	172	2	.	.	X
easat-9655	172	3	innovation	innovation	NOUN
easat-9655	172	4	variables	variable	NOUN
easat-9655	172	5	(	(	PUNCT
easat-9655	172	6	r&d	r&d	NOUN
easat-9655	172	7	intensity	intensity	NOUN
easat-9655	172	8	,	,	PUNCT
easat-9655	172	9	patent	patent	NOUN
easat-9655	172	10	count	count	NOUN
easat-9655	172	11	)	)	PUNCT
easat-9655	172	12	have	have	VERB
easat-9655	172	13	large	large	ADJ
easat-9655	172	14	differences	difference	NOUN
easat-9655	172	15	,	,	PUNCT
easat-9655	172	16	indicating	indicate	VERB
easat-9655	172	17	that	that	SCONJ
easat-9655	172	18	the	the	DET
easat-9655	172	19	level	level	NOUN
easat-9655	172	20	of	of	ADP
easat-9655	172	21	innovation	innovation	NOUN
easat-9655	172	22	investment	investment	NOUN
easat-9655	172	23	of	of	ADP
easat-9655	172	24	enterprises	enterprise	NOUN
easat-9655	172	25	is	be	AUX
easat-9655	172	26	uneven	uneven	ADJ
easat-9655	172	27	.	.	PUNCT
easat-9655	173	1	3	3	X
easat-9655	173	2	.	.	X
easat-9655	173	3	the	the	DET
easat-9655	173	4	average	average	ADJ
easat-9655	173	5	value	value	NOUN
easat-9655	173	6	of	of	ADP
easat-9655	173	7	digital	digital	ADJ
easat-9655	173	8	transformation	transformation	NOUN
easat-9655	173	9	index	index	NOUN
easat-9655	173	10	(	(	PUNCT
easat-9655	173	11	dti	dti	PROPN
easat-9655	173	12	)	)	PUNCT
easat-9655	173	13	is	be	AUX
easat-9655	173	14	low	low	ADJ
easat-9655	173	15	,	,	PUNCT
easat-9655	173	16	indicating	indicate	VERB
easat-9655	173	17	that	that	SCONJ
easat-9655	173	18	the	the	DET
easat-9655	173	19	digitalisation	digitalisation	NOUN
easat-9655	173	20	degree	degree	NOUN
easat-9655	173	21	of	of	ADP
easat-9655	173	22	chinese	chinese	ADJ
easat-9655	173	23	enterprises	enterprise	NOUN
easat-9655	173	24	is	be	AUX
easat-9655	173	25	still	still	ADV
easat-9655	173	26	in	in	ADP
easat-9655	173	27	the	the	DET
easat-9655	173	28	development	development	NOUN
easat-9655	173	29	stage	stage	NOUN
easat-9655	173	30	.	.	PUNCT
easat-9655	174	1	4	4	X
easat-9655	174	2	.	.	X
easat-9655	174	3	there	there	PRON
easat-9655	174	4	are	be	VERB
easat-9655	174	5	certain	certain	ADJ
easat-9655	174	6	fluctuations	fluctuation	NOUN
easat-9655	174	7	in	in	ADP
easat-9655	174	8	leverage	leverage	NOUN
easat-9655	174	9	,	,	PUNCT
easat-9655	174	10	indicating	indicate	VERB
easat-9655	174	11	that	that	SCONJ
easat-9655	174	12	there	there	PRON
easat-9655	174	13	are	be	VERB
easat-9655	174	14	industry	industry	NOUN
easat-9655	174	15	differences	difference	NOUN
easat-9655	174	16	in	in	ADP
easat-9655	174	17	enterprises	enterprise	NOUN
easat-9655	174	18	'	'	PART
easat-9655	174	19	financial	financial	ADJ
easat-9655	174	20	leverage	leverage	NOUN
easat-9655	174	21	management	management	NOUN
easat-9655	174	22	strategies	strategy	NOUN
easat-9655	174	23	.	.	PUNCT
easat-9655	175	1	4.5	4.5	NUM
easat-9655	175	2	.	.	PUNCT
easat-9655	176	1	correlation	correlation	NOUN
easat-9655	176	2	analysis	analysis	NOUN
easat-9655	176	3	in	in	ADP
easat-9655	176	4	order	order	NOUN
easat-9655	176	5	to	to	PART
easat-9655	176	6	explore	explore	VERB
easat-9655	176	7	the	the	DET
easat-9655	176	8	relationship	relationship	NOUN
easat-9655	176	9	between	between	ADP
easat-9655	176	10	the	the	DET
easat-9655	176	11	variables	variable	NOUN
easat-9655	176	12	,	,	PUNCT
easat-9655	176	13	pearson	pearson	PROPN
easat-9655	176	14	's	's	PART
easat-9655	176	15	correlation	correlation	NOUN
easat-9655	176	16	coefficient	coefficient	NOUN
easat-9655	176	17	was	be	AUX
easat-9655	176	18	calculated	calculate	VERB
easat-9655	176	19	as	as	SCONJ
easat-9655	176	20	shown	show	VERB
easat-9655	176	21	in	in	ADP
easat-9655	176	22	the	the	DET
easat-9655	176	23	table	table	NOUN
easat-9655	176	24	below	below	ADV
easat-9655	176	25	:	:	PUNCT
easat-9655	176	26	table	table	NOUN
easat-9655	176	27	3	3	PROPN
easat-9655	176	28	.	.	PUNCT
easat-9655	176	29	pearson	pearson	PROPN
easat-9655	176	30	's	's	PART
easat-9655	176	31	correlation	correlation	NOUN
easat-9655	176	32	coefficient	coefficient	NOUN
easat-9655	176	33	.	.	PUNCT
easat-9655	177	1	variable	variable	ADJ
easat-9655	177	2	innovation	innovation	NOUN
easat-9655	177	3	roa	roa	PROPN
easat-9655	177	4	tobinq	tobinq	PROPN
easat-9655	177	5	dti	dti	PROPN
easat-9655	177	6	innovation	innovation	PROPN
easat-9655	177	7	index	index	NOUN
easat-9655	177	8	1	1	NUM
easat-9655	177	9	0.42	0.42	NUM
easat-9655	177	10	0.38	0.38	NUM
easat-9655	177	11	0.31	0.31	NUM
easat-9655	177	12	roa	roa	NOUN
easat-9655	177	13	0.42	0.42	NUM
easat-9655	177	14	1	1	NUM
easat-9655	177	15	0.52	0.52	NUM
easat-9655	177	16	0.27	0.27	NUM
easat-9655	177	17	tobin	tobin	NOUN
easat-9655	177	18	’s	’s	PART
easat-9655	177	19	q	q	PROPN
easat-9655	177	20	0.38	0.38	NUM
easat-9655	177	21	0.52	0.52	NUM
easat-9655	177	22	1	1	NUM
easat-9655	177	23	0.30	0.30	NUM
easat-9655	177	24	dti	dti	PROPN
easat-9655	177	25	0.31	0.31	NUM
easat-9655	177	26	0.27	0.27	NUM
easat-9655	177	27	0.30	0.30	NUM
easat-9655	177	28	1	1	NUM
easat-9655	177	29	analysis	analysis	NOUN
easat-9655	177	30	:	:	PUNCT
easat-9655	177	31	1	1	X
easat-9655	177	32	.	.	X
easat-9655	177	33	innovation	innovation	NOUN
easat-9655	177	34	index	index	NOUN
easat-9655	177	35	(	(	PUNCT
easat-9655	177	36	ii	ii	NOUN
easat-9655	177	37	)	)	PUNCT
easat-9655	177	38	is	be	AUX
easat-9655	177	39	significantly	significantly	ADV
easat-9655	177	40	and	and	CCONJ
easat-9655	177	41	positively	positively	ADV
easat-9655	177	42	correlated	correlate	VERB
easat-9655	177	43	with	with	ADP
easat-9655	177	44	roa	roa	PROPN
easat-9655	177	45	(	(	PUNCT
easat-9655	177	46	0.42	0.42	NUM
easat-9655	177	47	)	)	PUNCT
easat-9655	177	48	and	and	CCONJ
easat-9655	177	49	tobin	tobin	PROPN
easat-9655	177	50	's	's	PART
easat-9655	177	51	q	q	X
easat-9655	177	52	(	(	PUNCT
easat-9655	177	53	0.38	0.38	NUM
easat-9655	177	54	)	)	PUNCT
easat-9655	177	55	,	,	PUNCT
easat-9655	177	56	suggesting	suggest	VERB
easat-9655	177	57	that	that	SCONJ
easat-9655	177	58	innovation	innovation	NOUN
easat-9655	177	59	has	have	VERB
easat-9655	177	60	a	a	DET
easat-9655	177	61	positive	positive	ADJ
easat-9655	177	62	impact	impact	NOUN
easat-9655	177	63	on	on	ADP
easat-9655	177	64	firm	firm	ADJ
easat-9655	177	65	performance	performance	NOUN
easat-9655	177	66	.	.	PUNCT
easat-9655	178	1	2	2	X
easat-9655	178	2	.	.	X
easat-9655	178	3	digital	digital	ADJ
easat-9655	178	4	transformation	transformation	NOUN
easat-9655	178	5	(	(	PUNCT
easat-9655	178	6	dti	dti	PROPN
easat-9655	178	7	)	)	PUNCT
easat-9655	178	8	has	have	VERB
easat-9655	178	9	a	a	DET
easat-9655	178	10	lower	low	ADJ
easat-9655	178	11	but	but	CCONJ
easat-9655	178	12	still	still	ADV
easat-9655	178	13	significant	significant	ADJ
easat-9655	178	14	correlation	correlation	NOUN
easat-9655	178	15	with	with	ADP
easat-9655	178	16	roa	roa	PROPN
easat-9655	178	17	(	(	PUNCT
easat-9655	178	18	0.27	0.27	NUM
easat-9655	178	19	)	)	PUNCT
easat-9655	178	20	and	and	CCONJ
easat-9655	178	21	tobin	tobin	PROPN
easat-9655	178	22	's	's	PART
easat-9655	178	23	q	q	X
easat-9655	178	24	(	(	PUNCT
easat-9655	178	25	0.30	0.30	NUM
easat-9655	178	26	)	)	PUNCT
easat-9655	178	27	,	,	PUNCT
easat-9655	178	28	suggesting	suggest	VERB
easat-9655	178	29	that	that	SCONJ
easat-9655	178	30	the	the	DET
easat-9655	178	31	role	role	NOUN
easat-9655	178	32	of	of	ADP
easat-9655	178	33	digital	digital	ADJ
easat-9655	178	34	technology	technology	NOUN
easat-9655	178	35	may	may	AUX
easat-9655	178	36	need	need	VERB
easat-9655	178	37	to	to	PART
easat-9655	178	38	be	be	AUX
easat-9655	178	39	further	far	ADV
easat-9655	178	40	analysed	analyse	VERB
easat-9655	178	41	in	in	ADP
easat-9655	178	42	conjunction	conjunction	NOUN
easat-9655	178	43	with	with	ADP
easat-9655	178	44	other	other	ADJ
easat-9655	178	45	factors	factor	NOUN
easat-9655	178	46	.	.	PUNCT
easat-9655	179	1	4.6	4.6	NUM
easat-9655	179	2	.	.	PUNCT
easat-9655	180	1	empirical	empirical	ADJ
easat-9655	180	2	analysis	analysis	NOUN
easat-9655	180	3	in	in	ADP
easat-9655	180	4	this	this	DET
easat-9655	180	5	section	section	NOUN
easat-9655	180	6	,	,	PUNCT
easat-9655	180	7	the	the	DET
easat-9655	180	8	data	datum	NOUN
easat-9655	180	9	will	will	AUX
easat-9655	180	10	be	be	AUX
easat-9655	180	11	analysed	analyse	VERB
easat-9655	180	12	in	in	ADP
easat-9655	180	13	detail	detail	NOUN
easat-9655	180	14	,	,	PUNCT
easat-9655	180	15	using	use	VERB
easat-9655	180	16	descriptive	descriptive	ADJ
easat-9655	180	17	statistics	statistic	NOUN
easat-9655	180	18	,	,	PUNCT
easat-9655	180	19	correlation	correlation	NOUN
easat-9655	180	20	analysis	analysis	NOUN
easat-9655	180	21	,	,	PUNCT
easat-9655	180	22	ols	ol	NOUN
easat-9655	180	23	regression	regression	NOUN
easat-9655	180	24	analysis	analysis	NOUN
easat-9655	180	25	,	,	PUNCT
easat-9655	180	26	mediation	mediation	NOUN
easat-9655	180	27	effect	effect	NOUN
easat-9655	180	28	analysis	analysis	NOUN
easat-9655	180	29	,	,	PUNCT
easat-9655	180	30	moderated	moderated	ADJ
easat-9655	180	31	effect	effect	NOUN
easat-9655	180	32	analysis	analysis	NOUN
easat-9655	180	33	,	,	PUNCT
easat-9655	180	34	and	and	CCONJ
easat-9655	180	35	robustness	robustness	NOUN
easat-9655	180	36	tests	test	NOUN
easat-9655	180	37	to	to	PART
easat-9655	180	38	ensure	ensure	VERB
easat-9655	180	39	that	that	SCONJ
easat-9655	180	40	the	the	DET
easat-9655	180	41	findings	finding	NOUN
easat-9655	180	42	are	be	AUX
easat-9655	180	43	robust	robust	ADJ
easat-9655	180	44	and	and	CCONJ
easat-9655	180	45	scientifically	scientifically	ADV
easat-9655	180	46	sound	sound	ADJ
easat-9655	180	47	.	.	PUNCT
easat-9655	181	1	4.7	4.7	NUM
easat-9655	181	2	.	.	PUNCT
easat-9655	181	3	descriptive	descriptive	ADJ
easat-9655	181	4	statistics	statistic	NOUN
easat-9655	181	5	firstly	firstly	ADV
easat-9655	181	6	,	,	PUNCT
easat-9655	181	7	the	the	DET
easat-9655	181	8	main	main	ADJ
easat-9655	181	9	variables	variable	NOUN
easat-9655	181	10	were	be	AUX
easat-9655	181	11	analysed	analyse	VERB
easat-9655	181	12	with	with	ADP
easat-9655	181	13	descriptive	descriptive	ADJ
easat-9655	181	14	statistics	statistic	NOUN
easat-9655	181	15	,	,	PUNCT
easat-9655	181	16	including	include	VERB
easat-9655	181	17	mean	mean	NOUN
easat-9655	181	18	(	(	PUNCT
easat-9655	181	19	mean	mean	ADJ
easat-9655	181	20	)	)	PUNCT
easat-9655	181	21	,	,	PUNCT
easat-9655	181	22	standard	standard	ADJ
easat-9655	181	23	deviation	deviation	NOUN
easat-9655	181	24	(	(	PUNCT
easat-9655	181	25	std	std	NOUN
easat-9655	181	26	)	)	PUNCT
easat-9655	181	27	,	,	PUNCT
easat-9655	181	28	minimum	minimum	NOUN
easat-9655	181	29	(	(	PUNCT
easat-9655	181	30	min	min	NOUN
easat-9655	181	31	.	.	PROPN
easat-9655	181	32	)	)	PUNCT
easat-9655	181	33	and	and	CCONJ
easat-9655	181	34	maximum	maximum	ADJ
easat-9655	181	35	(	(	PUNCT
easat-9655	181	36	max	max	PROPN
easat-9655	181	37	.	.	PUNCT
easat-9655	181	38	)	)	PUNCT
easat-9655	181	39	.	.	PUNCT
easat-9655	182	1	1590	1590	NUM
easat-9655	182	2	edelweiss	edelweiss	PROPN
easat-9655	182	3	applied	apply	VERB
easat-9655	182	4	science	science	NOUN
easat-9655	182	5	and	and	CCONJ
easat-9655	182	6	technology	technology	NOUN
easat-9655	182	7	issn	issn	PROPN
easat-9655	182	8	:	:	PUNCT
easat-9655	182	9	2576	2576	NUM
easat-9655	182	10	-	-	SYM
easat-9655	182	11	8484	8484	NUM
easat-9655	182	12	vol	vol	NOUN
easat-9655	182	13	.	.	PROPN
easat-9655	183	1	9	9	NUM
easat-9655	183	2	,	,	PUNCT
easat-9655	183	3	no	no	INTJ
easat-9655	183	4	.	.	NOUN
easat-9655	183	5	8	8	NUM
easat-9655	183	6	:	:	SYM
easat-9655	183	7	1580	1580	NUM
easat-9655	183	8	-	-	SYM
easat-9655	183	9	1595	1595	NUM
easat-9655	183	10	,	,	PUNCT
easat-9655	183	11	2025	2025	NUM
easat-9655	183	12	doi	doi	NOUN
easat-9655	183	13	:	:	PUNCT
easat-9655	183	14	10.55214/2576	10.55214/2576	NUM
easat-9655	183	15	-	-	PUNCT
easat-9655	183	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	184	1	©	©	ADP
easat-9655	184	2	2025	2025	NUM
easat-9655	184	3	by	by	ADP
easat-9655	184	4	the	the	DET
easat-9655	184	5	authors	author	NOUN
easat-9655	184	6	;	;	PUNCT
easat-9655	184	7	licensee	licensee	PROPN
easat-9655	184	8	learning	learn	VERB
easat-9655	184	9	gate	gate	NOUN
easat-9655	184	10	table	table	NOUN
easat-9655	184	11	4	4	NUM
easat-9655	184	12	.	.	PUNCT
easat-9655	184	13	descriptive	descriptive	ADJ
easat-9655	184	14	statistics	statistic	NOUN
easat-9655	184	15	of	of	ADP
easat-9655	184	16	major	major	ADJ
easat-9655	184	17	variables	variable	NOUN
easat-9655	184	18	.	.	PUNCT
easat-9655	185	1	variable	variable	ADJ
easat-9655	185	2	mean	mean	VERB
easat-9655	185	3	std	std	PROPN
easat-9655	185	4	.	.	PUNCT
easat-9655	185	5	min	min	PROPN
easat-9655	185	6	.	.	PROPN
easat-9655	185	7	max	max	PROPN
easat-9655	185	8	.	.	PROPN
easat-9655	185	9	roa	roa	PROPN
easat-9655	185	10	0.084	0.084	NUM
easat-9655	185	11	0.032	0.032	NUM
easat-9655	185	12	0.021	0.021	NUM
easat-9655	185	13	0.183	0.183	NUM
easat-9655	185	14	tobin	tobin	NOUN
easat-9655	185	15	's	's	PART
easat-9655	185	16	q	q	NOUN
easat-9655	185	17	1.98	1.98	NUM
easat-9655	185	18	0.76	0.76	NUM
easat-9655	185	19	0.89	0.89	NUM
easat-9655	185	20	4.25	4.25	NUM
easat-9655	185	21	r&d	r&d	NOUN
easat-9655	185	22	intensity	intensity	NOUN
easat-9655	185	23	5.23	5.23	NUM
easat-9655	185	24	%	%	NOUN
easat-9655	185	25	1.12	1.12	NUM
easat-9655	185	26	%	%	NOUN
easat-9655	185	27	1.01	1.01	NUM
easat-9655	185	28	%	%	NOUN
easat-9655	185	29	12.45	12.45	NUM
easat-9655	185	30	%	%	NOUN
easat-9655	185	31	patent	patent	NOUN
easat-9655	185	32	count	count	NOUN
easat-9655	185	33	83.5	83.5	NUM
easat-9655	185	34	45.3	45.3	NUM
easat-9655	185	35	0	0	NUM
easat-9655	185	36	250	250	NUM
easat-9655	185	37	innovation	innovation	NOUN
easat-9655	185	38	capability	capability	NOUN
easat-9655	185	39	67.2	67.2	NUM
easat-9655	185	40	39.5	39.5	NUM
easat-9655	185	41	2.1	2.1	NUM
easat-9655	185	42	201.4	201.4	NUM
easat-9655	185	43	digitaltransformation	digitaltransformation	NOUN
easat-9655	185	44	index	index	NOUN
easat-9655	185	45	2.87	2.87	NUM
easat-9655	185	46	%	%	NOUN
easat-9655	185	47	1.65	1.65	NUM
easat-9655	185	48	%	%	NOUN
easat-9655	185	49	0.00	0.00	NUM
easat-9655	185	50	%	%	NOUN
easat-9655	185	51	8.92	8.92	NUM
easat-9655	185	52	%	%	NOUN
easat-9655	185	53	firm	firm	ADJ
easat-9655	185	54	size	size	NOUN
easat-9655	185	55	10.55	10.55	NUM
easat-9655	185	56	2.78	2.78	NUM
easat-9655	185	57	6.03	6.03	NUM
easat-9655	185	58	14.98	14.98	NUM
easat-9655	185	59	leverage	leverage	NOUN
easat-9655	185	60	0.45	0.45	NUM
easat-9655	185	61	0.21	0.21	NUM
easat-9655	185	62	0.10	0.10	NUM
easat-9655	185	63	0.79	0.79	NUM
easat-9655	185	64	market	market	NOUN
easat-9655	185	65	competition	competition	NOUN
easat-9655	185	66	intensity	intensity	NOUN
easat-9655	185	67	15.2	15.2	NUM
easat-9655	185	68	8.7	8.7	NUM
easat-9655	185	69	2	2	NUM
easat-9655	185	70	38	38	NUM
easat-9655	185	71	analysis	analysis	NOUN
easat-9655	185	72	:	:	PUNCT
easat-9655	185	73	1	1	X
easat-9655	185	74	.	.	X
easat-9655	186	1	the	the	DET
easat-9655	186	2	innovation	innovation	NOUN
easat-9655	186	3	variables	variable	NOUN
easat-9655	186	4	(	(	PUNCT
easat-9655	186	5	r&d	r&d	NOUN
easat-9655	186	6	intensity	intensity	NOUN
easat-9655	186	7	,	,	PUNCT
easat-9655	186	8	patent	patent	NOUN
easat-9655	186	9	count	count	NOUN
easat-9655	186	10	)	)	PUNCT
easat-9655	186	11	are	be	AUX
easat-9655	186	12	more	more	ADV
easat-9655	186	13	widely	widely	ADV
easat-9655	186	14	distributed	distribute	VERB
easat-9655	186	15	,	,	PUNCT
easat-9655	186	16	indicating	indicate	VERB
easat-9655	186	17	that	that	SCONJ
easat-9655	186	18	there	there	PRON
easat-9655	186	19	are	be	VERB
easat-9655	186	20	large	large	ADJ
easat-9655	186	21	differences	difference	NOUN
easat-9655	186	22	in	in	ADP
easat-9655	186	23	the	the	DET
easat-9655	186	24	level	level	NOUN
easat-9655	186	25	of	of	ADP
easat-9655	186	26	innovation	innovation	NOUN
easat-9655	186	27	investment	investment	NOUN
easat-9655	186	28	of	of	ADP
easat-9655	186	29	different	different	ADJ
easat-9655	186	30	enterprises	enterprise	NOUN
easat-9655	186	31	.	.	PUNCT
easat-9655	187	1	2	2	X
easat-9655	187	2	.	.	X
easat-9655	187	3	the	the	DET
easat-9655	187	4	mean	mean	ADJ
easat-9655	187	5	values	value	NOUN
easat-9655	187	6	of	of	ADP
easat-9655	187	7	roa	roa	PROPN
easat-9655	187	8	and	and	CCONJ
easat-9655	187	9	tobin	tobin	PROPN
easat-9655	187	10	's	's	PART
easat-9655	187	11	q	q	NOUN
easat-9655	187	12	are	be	AUX
easat-9655	187	13	more	more	ADV
easat-9655	187	14	stable	stable	ADJ
easat-9655	187	15	,	,	PUNCT
easat-9655	187	16	indicating	indicate	VERB
easat-9655	187	17	that	that	SCONJ
easat-9655	187	18	the	the	DET
easat-9655	187	19	overall	overall	ADJ
easat-9655	187	20	profitability	profitability	NOUN
easat-9655	187	21	of	of	ADP
easat-9655	187	22	enterprises	enterprise	NOUN
easat-9655	187	23	is	be	AUX
easat-9655	187	24	stronger	strong	ADJ
easat-9655	187	25	.	.	PUNCT
easat-9655	188	1	3	3	X
easat-9655	188	2	.	.	X
easat-9655	188	3	the	the	DET
easat-9655	188	4	lower	low	ADJ
easat-9655	188	5	mean	mean	ADJ
easat-9655	188	6	value	value	NOUN
easat-9655	188	7	of	of	ADP
easat-9655	188	8	digital	digital	ADJ
easat-9655	188	9	transformation	transformation	NOUN
easat-9655	188	10	index	index	NOUN
easat-9655	188	11	(	(	PUNCT
easat-9655	188	12	dti	dti	PROPN
easat-9655	188	13	)	)	PUNCT
easat-9655	188	14	indicates	indicate	VERB
easat-9655	188	15	that	that	SCONJ
easat-9655	188	16	the	the	DET
easat-9655	188	17	digitisation	digitisation	NOUN
easat-9655	188	18	degree	degree	NOUN
easat-9655	188	19	of	of	ADP
easat-9655	188	20	chinese	chinese	ADJ
easat-9655	188	21	enterprises	enterprise	NOUN
easat-9655	188	22	is	be	AUX
easat-9655	188	23	still	still	ADV
easat-9655	188	24	in	in	ADP
easat-9655	188	25	the	the	DET
easat-9655	188	26	development	development	NOUN
easat-9655	188	27	stage	stage	NOUN
easat-9655	188	28	.	.	PUNCT
easat-9655	189	1	4.8	4.8	NUM
easat-9655	189	2	.	.	PUNCT
easat-9655	190	1	hypothesis	hypothesis	NOUN
easat-9655	190	2	testing	test	VERB
easat-9655	190	3	4.8.1	4.8.1	X
easat-9655	190	4	.	.	PUNCT
easat-9655	191	1	h1	h1	NOUN
easat-9655	191	2	-	-	PUNCT
easat-9655	191	3	h3	h3	NOUN
easat-9655	191	4	test	test	NOUN
easat-9655	191	5	h1	h1	PROPN
easat-9655	191	6	:	:	PUNCT
easat-9655	191	7	the	the	DET
easat-9655	191	8	effect	effect	NOUN
easat-9655	191	9	of	of	ADP
easat-9655	191	10	innovation	innovation	NOUN
easat-9655	191	11	strategy	strategy	NOUN
easat-9655	191	12	on	on	ADP
easat-9655	191	13	firm	firm	ADJ
easat-9655	191	14	performance	performance	NOUN
easat-9655	191	15	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	191	16	=	=	PUNCT
easat-9655	191	17	α	α	PROPN
easat-9655	192	1	+	+	PROPN
easat-9655	192	2	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	192	3	+	+	CCONJ
easat-9655	192	4	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	193	1	+	+	CCONJ
easat-9655	193	2	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	193	3	the	the	DET
easat-9655	193	4	regression	regression	NOUN
easat-9655	193	5	results	result	NOUN
easat-9655	193	6	support	support	VERB
easat-9655	193	7	h1	h1	PROPN
easat-9655	193	8	,	,	PUNCT
easat-9655	193	9	which	which	PRON
easat-9655	193	10	states	state	VERB
easat-9655	193	11	that	that	SCONJ
easat-9655	193	12	innovation	innovation	NOUN
easat-9655	193	13	strategy	strategy	NOUN
easat-9655	193	14	has	have	VERB
easat-9655	193	15	a	a	DET
easat-9655	193	16	significant	significant	ADJ
easat-9655	193	17	positive	positive	ADJ
easat-9655	193	18	effect	effect	NOUN
easat-9655	193	19	on	on	ADP
easat-9655	193	20	firm	firm	ADJ
easat-9655	193	21	performance	performance	NOUN
easat-9655	193	22	(	(	PUNCT
easat-9655	193	23	p	p	X
easat-9655	193	24	<	<	X
easat-9655	193	25	0.05	0.05	NUM
easat-9655	193	26	)	)	PUNCT
easat-9655	193	27	.	.	PUNCT
easat-9655	194	1	h2	h2	NOUN
easat-9655	194	2	:	:	PUNCT
easat-9655	194	3	direct	direct	ADJ
easat-9655	194	4	effect	effect	NOUN
easat-9655	194	5	of	of	ADP
easat-9655	194	6	digitalisation	digitalisation	NOUN
easat-9655	194	7	investment	investment	NOUN
easat-9655	194	8	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	194	9	=	=	PUNCT
easat-9655	194	10	α	α	PROPN
easat-9655	194	11	+	+	X
easat-9655	194	12	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	194	13	+	+	CCONJ
easat-9655	194	14	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	194	15	+	+	CCONJ
easat-9655	194	16	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	194	17	h3	h3	NOUN
easat-9655	194	18	:	:	PUNCT
easat-9655	194	19	moderating	moderate	VERB
easat-9655	194	20	effects	effect	NOUN
easat-9655	194	21	of	of	ADP
easat-9655	194	22	digital	digital	ADJ
easat-9655	194	23	investment	investment	NOUN
easat-9655	194	24	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	NOUN
easat-9655	194	25	=	=	PUNCT
easat-9655	194	26	α	α	PROPN
easat-9655	194	27	+	+	PROPN
easat-9655	194	28	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	194	29	+	+	CCONJ
easat-9655	194	30	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	195	1	+	+	CCONJ
easat-9655	195	2	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	195	3	×	×	PROPN
easat-9655	195	4	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	195	5	)	)	PUNCT
easat-9655	196	1	+	+	CCONJ
easat-9655	196	2	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	197	1	+	+	CCONJ
easat-9655	197	2	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	197	3	the	the	DET
easat-9655	197	4	interaction	interaction	NOUN
easat-9655	197	5	term	term	NOUN
easat-9655	197	6	is	be	AUX
easat-9655	197	7	significantly	significantly	ADV
easat-9655	197	8	positive	positive	ADJ
easat-9655	197	9	,	,	PUNCT
easat-9655	197	10	supporting	support	VERB
easat-9655	197	11	h3	h3	NOUN
easat-9655	197	12	.	.	PUNCT
easat-9655	198	1	h4	h4	NOUN
easat-9655	198	2	:	:	PUNCT
easat-9655	198	3	test	test	NOUN
easat-9655	198	4	:	:	PUNCT
easat-9655	198	5	the	the	DET
easat-9655	198	6	moderating	moderate	VERB
easat-9655	198	7	effect	effect	NOUN
easat-9655	198	8	of	of	ADP
easat-9655	198	9	firm	firm	ADJ
easat-9655	198	10	size	size	NOUN
easat-9655	198	11	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒𝑖𝑡	PROPN
easat-9655	198	12	=	=	PUNCT
easat-9655	198	13	α	α	PROPN
easat-9655	198	14	+	+	PROPN
easat-9655	198	15	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	198	16	+	+	CCONJ
easat-9655	198	17	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	199	1	+	+	CCONJ
easat-9655	199	2	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	199	3	×	×	PROPN
easat-9655	199	4	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑧𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	199	5	)	)	PUNCT
easat-9655	200	1	+	+	CCONJ
easat-9655	200	2	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	201	1	+	+	CCONJ
easat-9655	201	2	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	201	3	the	the	DET
easat-9655	201	4	regression	regression	NOUN
easat-9655	201	5	results	result	NOUN
easat-9655	201	6	show	show	VERB
easat-9655	201	7	that	that	SCONJ
easat-9655	201	8	firm	firm	ADJ
easat-9655	201	9	size	size	NOUN
easat-9655	201	10	plays	play	VERB
easat-9655	201	11	a	a	DET
easat-9655	201	12	positive	positive	ADJ
easat-9655	201	13	moderating	moderate	VERB
easat-9655	201	14	role	role	NOUN
easat-9655	201	15	between	between	ADP
easat-9655	201	16	innovation	innovation	NOUN
easat-9655	201	17	strategy	strategy	NOUN
easat-9655	201	18	and	and	CCONJ
easat-9655	201	19	firm	firm	ADJ
easat-9655	201	20	performance	performance	NOUN
easat-9655	201	21	,	,	PUNCT
easat-9655	201	22	supporting	support	VERB
easat-9655	201	23	h4	h4	NOUN
easat-9655	201	24	.	.	PUNCT
easat-9655	202	1	4.9	4.9	NUM
easat-9655	202	2	.	.	PUNCT
easat-9655	203	1	correlation	correlation	NOUN
easat-9655	203	2	analysis	analysis	NOUN
easat-9655	203	3	in	in	ADP
easat-9655	203	4	order	order	NOUN
easat-9655	203	5	to	to	PART
easat-9655	203	6	explore	explore	VERB
easat-9655	203	7	the	the	DET
easat-9655	203	8	relationship	relationship	NOUN
easat-9655	203	9	between	between	ADP
easat-9655	203	10	the	the	DET
easat-9655	203	11	variables	variable	NOUN
easat-9655	203	12	,	,	PUNCT
easat-9655	203	13	pearson	pearson	NOUN
easat-9655	203	14	correlation	correlation	NOUN
easat-9655	203	15	coefficients	coefficient	NOUN
easat-9655	203	16	were	be	AUX
easat-9655	203	17	calculated	calculate	VERB
easat-9655	203	18	as	as	SCONJ
easat-9655	203	19	shown	show	VERB
easat-9655	203	20	in	in	ADP
easat-9655	203	21	the	the	DET
easat-9655	203	22	table	table	NOUN
easat-9655	203	23	below	below	ADV
easat-9655	203	24	:	:	PUNCT
easat-9655	203	25	1591	1591	NUM
easat-9655	203	26	edelweiss	edelweiss	PROPN
easat-9655	203	27	applied	apply	VERB
easat-9655	203	28	science	science	NOUN
easat-9655	203	29	and	and	CCONJ
easat-9655	203	30	technology	technology	NOUN
easat-9655	203	31	issn	issn	PROPN
easat-9655	203	32	:	:	PUNCT
easat-9655	203	33	2576	2576	NUM
easat-9655	203	34	-	-	SYM
easat-9655	203	35	8484	8484	NUM
easat-9655	203	36	vol	vol	NOUN
easat-9655	203	37	.	.	PROPN
easat-9655	204	1	9	9	NUM
easat-9655	204	2	,	,	PUNCT
easat-9655	204	3	no	no	INTJ
easat-9655	204	4	.	.	NOUN
easat-9655	204	5	8	8	NUM
easat-9655	204	6	:	:	SYM
easat-9655	204	7	1580	1580	NUM
easat-9655	204	8	-	-	SYM
easat-9655	204	9	1595	1595	NUM
easat-9655	204	10	,	,	PUNCT
easat-9655	204	11	2025	2025	NUM
easat-9655	204	12	doi	doi	NOUN
easat-9655	204	13	:	:	PUNCT
easat-9655	204	14	10.55214/2576	10.55214/2576	NUM
easat-9655	204	15	-	-	PUNCT
easat-9655	204	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	205	1	©	©	ADP
easat-9655	205	2	2025	2025	NUM
easat-9655	205	3	by	by	ADP
easat-9655	205	4	the	the	DET
easat-9655	205	5	authors	author	NOUN
easat-9655	205	6	;	;	PUNCT
easat-9655	205	7	licensee	licensee	PROPN
easat-9655	205	8	learning	learn	VERB
easat-9655	205	9	gate	gate	NOUN
easat-9655	205	10	table	table	NOUN
easat-9655	205	11	5	5	NUM
easat-9655	205	12	.	.	PUNCT
easat-9655	205	13	pearson	pearson	PROPN
easat-9655	205	14	correlation	correlation	NOUN
easat-9655	205	15	coefficients	coefficient	NOUN
easat-9655	205	16	.	.	PUNCT
easat-9655	206	1	variable	variable	ADJ
easat-9655	206	2	innovation	innovation	NOUN
easat-9655	206	3	roa	roa	PROPN
easat-9655	206	4	tobinq	tobinq	PROPN
easat-9655	206	5	dti	dti	PROPN
easat-9655	206	6	innovation	innovation	PROPN
easat-9655	206	7	index	index	NOUN
easat-9655	206	8	1	1	NUM
easat-9655	206	9	0.42	0.42	NUM
easat-9655	206	10	0.38	0.38	NUM
easat-9655	206	11	0.31	0.31	NUM
easat-9655	206	12	roa	roa	NOUN
easat-9655	206	13	0.42	0.42	NUM
easat-9655	206	14	1	1	NUM
easat-9655	206	15	0.52	0.52	NUM
easat-9655	206	16	0.27	0.27	NUM
easat-9655	206	17	tobin	tobin	NOUN
easat-9655	206	18	’s	’s	PART
easat-9655	206	19	q	q	PROPN
easat-9655	206	20	0.38	0.38	NUM
easat-9655	206	21	0.52	0.52	NUM
easat-9655	206	22	1	1	NUM
easat-9655	206	23	0.30	0.30	NUM
easat-9655	206	24	dti	dti	PROPN
easat-9655	206	25	0.31	0.31	NUM
easat-9655	206	26	0.27	0.27	NUM
easat-9655	206	27	0.30	0.30	NUM
easat-9655	206	28	1	1	NUM
easat-9655	206	29	analyses	analysis	NOUN
easat-9655	206	30	:	:	PUNCT
easat-9655	206	31	1	1	X
easat-9655	206	32	.	.	X
easat-9655	206	33	innovation	innovation	NOUN
easat-9655	206	34	index	index	NOUN
easat-9655	206	35	(	(	PUNCT
easat-9655	206	36	ii	ii	NOUN
easat-9655	206	37	)	)	PUNCT
easat-9655	206	38	is	be	AUX
easat-9655	206	39	significantly	significantly	ADV
easat-9655	206	40	and	and	CCONJ
easat-9655	206	41	positively	positively	ADV
easat-9655	206	42	correlated	correlate	VERB
easat-9655	206	43	with	with	ADP
easat-9655	206	44	roa	roa	PROPN
easat-9655	206	45	(	(	PUNCT
easat-9655	206	46	0.42	0.42	NUM
easat-9655	206	47	)	)	PUNCT
easat-9655	206	48	and	and	CCONJ
easat-9655	206	49	tobin	tobin	PROPN
easat-9655	206	50	's	's	PART
easat-9655	206	51	q	q	X
easat-9655	206	52	(	(	PUNCT
easat-9655	206	53	0.38	0.38	NUM
easat-9655	206	54	)	)	PUNCT
easat-9655	206	55	,	,	PUNCT
easat-9655	206	56	suggesting	suggest	VERB
easat-9655	206	57	that	that	SCONJ
easat-9655	206	58	innovation	innovation	NOUN
easat-9655	206	59	has	have	VERB
easat-9655	206	60	a	a	DET
easat-9655	206	61	positive	positive	ADJ
easat-9655	206	62	impact	impact	NOUN
easat-9655	206	63	on	on	ADP
easat-9655	206	64	business	business	NOUN
easat-9655	206	65	performance	performance	NOUN
easat-9655	206	66	.	.	PUNCT
easat-9655	207	1	2	2	X
easat-9655	207	2	.	.	X
easat-9655	207	3	digital	digital	ADJ
easat-9655	207	4	transformation	transformation	NOUN
easat-9655	207	5	(	(	PUNCT
easat-9655	207	6	dti	dti	PROPN
easat-9655	207	7	)	)	PUNCT
easat-9655	207	8	has	have	VERB
easat-9655	207	9	a	a	DET
easat-9655	207	10	lower	low	ADJ
easat-9655	207	11	but	but	CCONJ
easat-9655	207	12	still	still	ADV
easat-9655	207	13	significant	significant	ADJ
easat-9655	207	14	correlation	correlation	NOUN
easat-9655	207	15	with	with	ADP
easat-9655	207	16	roa	roa	PROPN
easat-9655	207	17	(	(	PUNCT
easat-9655	207	18	0.27	0.27	NUM
easat-9655	207	19	)	)	PUNCT
easat-9655	207	20	and	and	CCONJ
easat-9655	207	21	tobin	tobin	PROPN
easat-9655	207	22	's	's	PART
easat-9655	207	23	q	q	X
easat-9655	207	24	(	(	PUNCT
easat-9655	207	25	0.30	0.30	NUM
easat-9655	207	26	)	)	PUNCT
easat-9655	207	27	,	,	PUNCT
easat-9655	207	28	suggesting	suggest	VERB
easat-9655	207	29	that	that	SCONJ
easat-9655	207	30	the	the	DET
easat-9655	207	31	role	role	NOUN
easat-9655	207	32	of	of	ADP
easat-9655	207	33	digital	digital	ADJ
easat-9655	207	34	technology	technology	NOUN
easat-9655	207	35	may	may	AUX
easat-9655	207	36	need	need	VERB
easat-9655	207	37	to	to	PART
easat-9655	207	38	be	be	AUX
easat-9655	207	39	further	far	ADV
easat-9655	207	40	analysed	analyse	VERB
easat-9655	207	41	in	in	ADP
easat-9655	207	42	combination	combination	NOUN
easat-9655	207	43	with	with	ADP
easat-9655	207	44	other	other	ADJ
easat-9655	207	45	factors	factor	NOUN
easat-9655	207	46	.	.	PUNCT
easat-9655	208	1	4.10	4.10	NUM
easat-9655	208	2	.	.	PUNCT
easat-9655	209	1	ols	ol	NOUN
easat-9655	209	2	regression	regression	VERB
easat-9655	209	3	analysis	analysis	NOUN
easat-9655	209	4	in	in	ADP
easat-9655	209	5	order	order	NOUN
easat-9655	209	6	to	to	PART
easat-9655	209	7	test	test	VERB
easat-9655	209	8	the	the	DET
easat-9655	209	9	effect	effect	NOUN
easat-9655	209	10	of	of	ADP
easat-9655	209	11	innovation	innovation	NOUN
easat-9655	209	12	strategy	strategy	NOUN
easat-9655	209	13	on	on	ADP
easat-9655	209	14	firm	firm	ADJ
easat-9655	209	15	performance	performance	NOUN
easat-9655	209	16	,	,	PUNCT
easat-9655	209	17	the	the	DET
easat-9655	209	18	following	follow	VERB
easat-9655	209	19	regression	regression	NOUN
easat-9655	209	20	model	model	NOUN
easat-9655	209	21	is	be	AUX
easat-9655	209	22	constructed	construct	VERB
easat-9655	209	23	:	:	PUNCT
easat-9655	209	24	𝑅𝑂𝐴𝑖𝑡	𝑅𝑂𝐴𝑖𝑡	PUNCT
easat-9655	210	1	=	=	SYM
easat-9655	210	2	α	α	PROPN
easat-9655	210	3	+	+	PROPN
easat-9655	210	4	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	210	5	+	+	PUNCT
easat-9655	210	6	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡𝑖𝑡	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡𝑖𝑡	NOUN
easat-9655	210	7	+	+	CCONJ
easat-9655	210	8	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	PROPN
easat-9655	210	9	×	×	NOUN
easat-9655	210	10	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡	PROPN
easat-9655	210	11	)	)	PUNCT
easat-9655	211	1	+	+	CCONJ
easat-9655	211	2	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	211	3	+	+	CCONJ
easat-9655	211	4	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	211	5	regression	regression	NOUN
easat-9655	211	6	results	result	NOUN
easat-9655	211	7	(	(	PUNCT
easat-9655	211	8	roa	roa	NOUN
easat-9655	211	9	as	as	ADP
easat-9655	211	10	dependent	dependent	ADJ
easat-9655	211	11	variable	variable	NOUN
easat-9655	211	12	)	)	PUNCT
easat-9655	211	13	.	.	PUNCT
easat-9655	212	1	table	table	NOUN
easat-9655	212	2	6	6	NUM
easat-9655	212	3	.	.	PUNCT
easat-9655	213	1	regression	regression	NOUN
easat-9655	213	2	results	result	NOUN
easat-9655	213	3	(	(	PUNCT
easat-9655	213	4	roa	roa	NOUN
easat-9655	213	5	as	as	ADP
easat-9655	213	6	dependent	dependent	ADJ
easat-9655	213	7	variable	variable	NOUN
easat-9655	213	8	)	)	PUNCT
easat-9655	213	9	.	.	PUNCT
easat-9655	214	1	variable	variable	ADJ
easat-9655	214	2	coefficient	coefficient	PROPN
easat-9655	214	3	standard	standard	ADJ
easat-9655	214	4	error	error	NOUN
easat-9655	214	5	t	t	NOUN
easat-9655	214	6	-	-	PUNCT
easat-9655	214	7	value	value	NOUN
easat-9655	214	8	p	p	NOUN
easat-9655	214	9	-	-	PUNCT
easat-9655	214	10	value	value	NOUN
easat-9655	214	11	innovation	innovation	NOUN
easat-9655	214	12	index	index	NOUN
easat-9655	214	13	-0.0018	-0.0018	VERB
easat-9655	214	14	0.001	0.001	NUM
easat-9655	214	15	-2.041	-2.041	NUM
easat-9655	214	16	0.041	0.041	NUM
easat-9655	214	17	digital	digital	ADJ
easat-9655	214	18	investment	investment	NOUN
easat-9655	214	19	-0.0061	-0.0061	NOUN
easat-9655	214	20	0.002	0.002	NUM
easat-9655	214	21	-2.480	-2.480	NOUN
easat-9655	215	1	0.013	0.013	NUM
easat-9655	215	2	interaction	interaction	NOUN
easat-9655	215	3	term	term	NOUN
easat-9655	215	4	(	(	PUNCT
easat-9655	215	5	innovation	innovation	NOUN
easat-9655	215	6	×	×	PROPN
easat-9655	215	7	digital	digital	ADJ
easat-9655	215	8	investment	investment	NOUN
easat-9655	215	9	)	)	PUNCT
easat-9655	215	10	0.0007	0.0007	NUM
easat-9655	215	11	0.000	0.000	NUM
easat-9655	215	12	2.229	2.229	NUM
easat-9655	215	13	0.026	0.026	NUM
easat-9655	215	14	analyses	analysis	NOUN
easat-9655	215	15	:	:	PUNCT
easat-9655	215	16	1	1	X
easat-9655	215	17	.	.	X
easat-9655	215	18	innovation	innovation	NOUN
easat-9655	215	19	strategy	strategy	NOUN
easat-9655	215	20	itself	itself	PRON
easat-9655	215	21	has	have	VERB
easat-9655	215	22	a	a	DET
easat-9655	215	23	weak	weak	ADJ
easat-9655	215	24	(	(	PUNCT
easat-9655	215	25	negative	negative	ADJ
easat-9655	215	26	)	)	PUNCT
easat-9655	215	27	effect	effect	NOUN
easat-9655	215	28	on	on	ADP
easat-9655	215	29	firm	firm	ADJ
easat-9655	215	30	performance	performance	NOUN
easat-9655	215	31	,	,	PUNCT
easat-9655	215	32	suggesting	suggest	VERB
easat-9655	215	33	that	that	SCONJ
easat-9655	215	34	firms	firm	NOUN
easat-9655	215	35	'	'	PART
easat-9655	215	36	innovation	innovation	NOUN
easat-9655	215	37	investments	investment	NOUN
easat-9655	215	38	may	may	AUX
easat-9655	215	39	be	be	AUX
easat-9655	215	40	difficult	difficult	ADJ
easat-9655	215	41	to	to	PART
easat-9655	215	42	translate	translate	VERB
easat-9655	215	43	directly	directly	ADV
easat-9655	215	44	into	into	ADP
easat-9655	215	45	financial	financial	ADJ
easat-9655	215	46	returns	return	NOUN
easat-9655	215	47	in	in	ADP
easat-9655	215	48	the	the	DET
easat-9655	215	49	short	short	ADJ
easat-9655	215	50	run	run	NOUN
easat-9655	215	51	.	.	PUNCT
easat-9655	216	1	2	2	X
easat-9655	216	2	.	.	X
easat-9655	216	3	the	the	DET
easat-9655	216	4	direct	direct	ADJ
easat-9655	216	5	effect	effect	NOUN
easat-9655	216	6	of	of	ADP
easat-9655	216	7	digital	digital	ADJ
easat-9655	216	8	investment	investment	NOUN
easat-9655	216	9	is	be	AUX
easat-9655	216	10	negative	negative	ADJ
easat-9655	216	11	,	,	PUNCT
easat-9655	216	12	but	but	CCONJ
easat-9655	216	13	the	the	DET
easat-9655	216	14	interaction	interaction	NOUN
easat-9655	216	15	term	term	NOUN
easat-9655	216	16	(	(	PUNCT
easat-9655	216	17	innovation	innovation	NOUN
easat-9655	216	18	×	×	PROPN
easat-9655	216	19	digital	digital	ADJ
easat-9655	216	20	investment	investment	NOUN
easat-9655	216	21	)	)	PUNCT
easat-9655	216	22	results	result	NOUN
easat-9655	216	23	show	show	VERB
easat-9655	216	24	that	that	SCONJ
easat-9655	216	25	the	the	DET
easat-9655	216	26	effect	effect	NOUN
easat-9655	216	27	of	of	ADP
easat-9655	216	28	innovation	innovation	NOUN
easat-9655	216	29	strategy	strategy	NOUN
easat-9655	216	30	on	on	ADP
easat-9655	216	31	tobin	tobin	PROPN
easat-9655	216	32	's	's	PART
easat-9655	216	33	q	q	NOUN
easat-9655	216	34	is	be	AUX
easat-9655	216	35	not	not	PART
easat-9655	216	36	significant	significant	ADJ
easat-9655	216	37	(	(	PUNCT
easat-9655	216	38	p	p	X
easat-9655	216	39	>	>	X
easat-9655	216	40	0.1	0.1	NUM
easat-9655	216	41	)	)	PUNCT
easat-9655	216	42	,	,	PUNCT
easat-9655	216	43	which	which	PRON
easat-9655	216	44	may	may	AUX
easat-9655	216	45	be	be	AUX
easat-9655	216	46	due	due	ADJ
easat-9655	216	47	to	to	ADP
easat-9655	216	48	the	the	DET
easat-9655	216	49	weak	weak	ADJ
easat-9655	216	50	short	short	ADJ
easat-9655	216	51	-	-	PUNCT
easat-9655	216	52	term	term	NOUN
easat-9655	216	53	response	response	NOUN
easat-9655	216	54	of	of	ADP
easat-9655	216	55	the	the	DET
easat-9655	216	56	capital	capital	NOUN
easat-9655	216	57	market	market	NOUN
easat-9655	216	58	to	to	ADP
easat-9655	216	59	firms	firm	NOUN
easat-9655	216	60	'	'	PART
easat-9655	216	61	investment	investment	NOUN
easat-9655	216	62	in	in	ADP
easat-9655	216	63	innovation	innovation	NOUN
easat-9655	216	64	.	.	PUNCT
easat-9655	217	1	in	in	ADP
easat-9655	217	2	addition	addition	NOUN
easat-9655	217	3	,	,	PUNCT
easat-9655	217	4	investors	investor	NOUN
easat-9655	217	5	may	may	AUX
easat-9655	217	6	be	be	AUX
easat-9655	217	7	more	more	ADV
easat-9655	217	8	concerned	concerned	ADJ
easat-9655	217	9	with	with	ADP
easat-9655	217	10	the	the	DET
easat-9655	217	11	macroeconomic	macroeconomic	ADJ
easat-9655	217	12	environment	environment	NOUN
easat-9655	217	13	or	or	CCONJ
easat-9655	217	14	market	market	NOUN
easat-9655	217	15	sentiment	sentiment	NOUN
easat-9655	217	16	rather	rather	ADV
easat-9655	217	17	than	than	ADP
easat-9655	217	18	firms	firm	NOUN
easat-9655	217	19	'	'	PART
easat-9655	217	20	innovation	innovation	NOUN
easat-9655	217	21	investment	investment	NOUN
easat-9655	217	22	.	.	PUNCT
easat-9655	218	1	therefore	therefore	ADV
easat-9655	218	2	,	,	PUNCT
easat-9655	218	3	future	future	ADJ
easat-9655	218	4	research	research	NOUN
easat-9655	218	5	could	could	AUX
easat-9655	218	6	consider	consider	VERB
easat-9655	218	7	data	datum	NOUN
easat-9655	218	8	over	over	ADP
easat-9655	218	9	a	a	DET
easat-9655	218	10	longer	long	ADJ
easat-9655	218	11	time	time	NOUN
easat-9655	218	12	horizon	horizon	NOUN
easat-9655	218	13	or	or	CCONJ
easat-9655	218	14	incorporate	incorporate	VERB
easat-9655	218	15	investor	investor	NOUN
easat-9655	218	16	expectation	expectation	NOUN
easat-9655	218	17	variables	variable	NOUN
easat-9655	218	18	to	to	PART
easat-9655	218	19	further	far	ADV
easat-9655	218	20	explore	explore	VERB
easat-9655	218	21	the	the	DET
easat-9655	218	22	impact	impact	NOUN
easat-9655	218	23	of	of	ADP
easat-9655	218	24	innovation	innovation	NOUN
easat-9655	218	25	strategies	strategy	NOUN
easat-9655	218	26	on	on	ADP
easat-9655	218	27	firms	firm	NOUN
easat-9655	218	28	'	'	PART
easat-9655	218	29	market	market	NOUN
easat-9655	218	30	value	value	NOUN
easat-9655	218	31	.	.	PUNCT
easat-9655	219	1	4.11	4.11	NUM
easat-9655	219	2	.	.	PUNCT
easat-9655	219	3	moderating	moderate	VERB
easat-9655	219	4	effects	effect	NOUN
easat-9655	219	5	analysis	analysis	NOUN
easat-9655	219	6	to	to	PART
easat-9655	219	7	further	far	ADV
easat-9655	219	8	verify	verify	VERB
easat-9655	219	9	whether	whether	SCONJ
easat-9655	219	10	digital	digital	ADJ
easat-9655	219	11	technology	technology	NOUN
easat-9655	219	12	enhances	enhance	VERB
easat-9655	219	13	the	the	DET
easat-9655	219	14	effectiveness	effectiveness	NOUN
easat-9655	219	15	of	of	ADP
easat-9655	219	16	innovation	innovation	NOUN
easat-9655	219	17	strategies	strategy	NOUN
easat-9655	219	18	,	,	PUNCT
easat-9655	219	19	regressions	regression	NOUN
easat-9655	219	20	were	be	AUX
easat-9655	219	21	conducted	conduct	VERB
easat-9655	219	22	using	use	VERB
easat-9655	219	23	interaction	interaction	NOUN
easat-9655	219	24	terms:𝑅𝑂𝐴𝑖𝑡	terms:𝑅𝑂𝐴𝑖𝑡	NOUN
easat-9655	219	25	=	=	PROPN
easat-9655	220	1	α	α	PROPN
easat-9655	220	2	+	+	PROPN
easat-9655	220	3	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	220	4	+	+	CCONJ
easat-9655	220	5	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑡	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑡	PROPN
easat-9655	221	1	+	+	CCONJ
easat-9655	221	2	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑖𝑡	PROPN
easat-9655	221	3	×	×	PROPN
easat-9655	221	4	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑡	𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑖𝑡	PROPN
easat-9655	221	5	)	)	PUNCT
easat-9655	222	1	+	+	PROPN
easat-9655	222	2	γ𝑋𝑖𝑡	γ𝑋𝑖𝑡	PROPN
easat-9655	222	3	+	+	CCONJ
easat-9655	222	4	ε𝑖𝑡	ε𝑖𝑡	NOUN
easat-9655	222	5	4.12	4.12	NUM
easat-9655	222	6	.	.	PUNCT
easat-9655	223	1	moderated	moderate	VERB
easat-9655	223	2	effects	effect	NOUN
easat-9655	223	3	regression	regression	NOUN
easat-9655	223	4	results	result	VERB
easat-9655	223	5	1592	1592	NUM
easat-9655	223	6	edelweiss	edelweiss	PROPN
easat-9655	223	7	applied	apply	VERB
easat-9655	223	8	science	science	NOUN
easat-9655	223	9	and	and	CCONJ
easat-9655	223	10	technology	technology	NOUN
easat-9655	223	11	issn	issn	PROPN
easat-9655	223	12	:	:	PUNCT
easat-9655	223	13	2576	2576	NUM
easat-9655	223	14	-	-	SYM
easat-9655	223	15	8484	8484	NUM
easat-9655	223	16	vol	vol	NOUN
easat-9655	223	17	.	.	PROPN
easat-9655	224	1	9	9	NUM
easat-9655	224	2	,	,	PUNCT
easat-9655	224	3	no	no	INTJ
easat-9655	224	4	.	.	NOUN
easat-9655	224	5	8	8	NUM
easat-9655	224	6	:	:	SYM
easat-9655	224	7	1580	1580	NUM
easat-9655	224	8	-	-	SYM
easat-9655	224	9	1595	1595	NUM
easat-9655	224	10	,	,	PUNCT
easat-9655	224	11	2025	2025	NUM
easat-9655	224	12	doi	doi	NOUN
easat-9655	224	13	:	:	PUNCT
easat-9655	224	14	10.55214/2576	10.55214/2576	NUM
easat-9655	224	15	-	-	PUNCT
easat-9655	224	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	225	1	©	©	ADP
easat-9655	225	2	2025	2025	NUM
easat-9655	225	3	by	by	ADP
easat-9655	225	4	the	the	DET
easat-9655	225	5	authors	author	NOUN
easat-9655	225	6	;	;	PUNCT
easat-9655	225	7	licensee	licensee	PROPN
easat-9655	225	8	learning	learn	VERB
easat-9655	225	9	gate	gate	NOUN
easat-9655	225	10	table	table	NOUN
easat-9655	225	11	7	7	NUM
easat-9655	225	12	.	.	PUNCT
easat-9655	226	1	moderated	moderate	VERB
easat-9655	226	2	effects	effect	NOUN
easat-9655	226	3	regression	regression	NOUN
easat-9655	226	4	results	result	NOUN
easat-9655	226	5	.	.	PUNCT
easat-9655	227	1	variable	variable	ADJ
easat-9655	227	2	coefficient	coefficient	NOUN
easat-9655	227	3	p	p	ADJ
easat-9655	227	4	-	-	PUNCT
easat-9655	227	5	value	value	NOUN
easat-9655	227	6	innovation	innovation	NOUN
easat-9655	227	7	index	index	NOUN
easat-9655	227	8	0.0105	0.0105	NUM
easat-9655	227	9	0.000	0.000	NUM
easat-9655	227	10	digital	digital	ADJ
easat-9655	227	11	investment	investment	NOUN
easat-9655	227	12	0.0032	0.0032	NUM
easat-9655	227	13	0.074	0.074	NUM
easat-9655	227	14	interaction	interaction	NOUN
easat-9655	227	15	term	term	NOUN
easat-9655	227	16	(	(	PUNCT
easat-9655	227	17	innovation	innovation	NOUN
easat-9655	227	18	×	×	PROPN
easat-9655	227	19	digital	digital	ADJ
easat-9655	227	20	investment	investment	NOUN
easat-9655	227	21	)	)	PUNCT
easat-9655	227	22	0.0045	0.0045	NUM
easat-9655	227	23	0.026	0.026	NUM
easat-9655	227	24	analysis	analysis	NOUN
easat-9655	227	25	:	:	PUNCT
easat-9655	227	26	•	•	ADP
easat-9655	227	27	the	the	DET
easat-9655	227	28	interaction	interaction	NOUN
easat-9655	227	29	term	term	NOUN
easat-9655	227	30	(	(	PUNCT
easat-9655	227	31	innovation	innovation	NOUN
easat-9655	227	32	×	×	PROPN
easat-9655	227	33	dti	dti	PROPN
easat-9655	227	34	)	)	PUNCT
easat-9655	227	35	is	be	AUX
easat-9655	227	36	significant	significant	ADJ
easat-9655	227	37	(	(	PUNCT
easat-9655	227	38	p	p	X
easat-9655	227	39	<	<	X
easat-9655	227	40	0.05	0.05	NUM
easat-9655	227	41	)	)	PUNCT
easat-9655	227	42	,	,	PUNCT
easat-9655	227	43	suggesting	suggest	VERB
easat-9655	227	44	that	that	SCONJ
easat-9655	227	45	digital	digital	ADJ
easat-9655	227	46	technology	technology	NOUN
easat-9655	227	47	can	can	AUX
easat-9655	227	48	enhance	enhance	VERB
easat-9655	227	49	the	the	DET
easat-9655	227	50	role	role	NOUN
easat-9655	227	51	of	of	ADP
easat-9655	227	52	innovation	innovation	NOUN
easat-9655	227	53	strategy	strategy	NOUN
easat-9655	227	54	on	on	ADP
easat-9655	227	55	firm	firm	ADJ
easat-9655	227	56	performance	performance	NOUN
easat-9655	227	57	.	.	PUNCT
easat-9655	228	1	•	•	NUM
easat-9655	228	2	digital	digital	ADJ
easat-9655	228	3	investment	investment	NOUN
easat-9655	228	4	itself	itself	PRON
easat-9655	228	5	has	have	VERB
easat-9655	228	6	a	a	DET
easat-9655	228	7	weak	weak	ADJ
easat-9655	228	8	effect	effect	NOUN
easat-9655	228	9	on	on	ADP
easat-9655	228	10	roa	roa	PROPN
easat-9655	228	11	,	,	PUNCT
easat-9655	228	12	suggesting	suggest	VERB
easat-9655	228	13	that	that	SCONJ
easat-9655	228	14	firms	firm	NOUN
easat-9655	228	15	may	may	AUX
easat-9655	228	16	not	not	PART
easat-9655	228	17	be	be	AUX
easat-9655	228	18	able	able	ADJ
easat-9655	228	19	to	to	PART
easat-9655	228	20	improve	improve	VERB
easat-9655	228	21	performance	performance	NOUN
easat-9655	228	22	if	if	SCONJ
easat-9655	228	23	they	they	PRON
easat-9655	228	24	only	only	ADV
easat-9655	228	25	invest	invest	VERB
easat-9655	228	26	in	in	ADP
easat-9655	228	27	it	it	PRON
easat-9655	228	28	resources	resource	NOUN
easat-9655	228	29	without	without	ADP
easat-9655	228	30	combining	combine	VERB
easat-9655	228	31	it	it	PRON
easat-9655	228	32	with	with	ADP
easat-9655	228	33	an	an	DET
easat-9655	228	34	innovation	innovation	NOUN
easat-9655	228	35	strategy	strategy	NOUN
easat-9655	228	36	.	.	PUNCT
easat-9655	229	1	4.13	4.13	NUM
easat-9655	229	2	.	.	PUNCT
easat-9655	230	1	sub	sub	ADJ
easat-9655	230	2	-	-	ADJ
easat-9655	230	3	industry	industry	ADJ
easat-9655	230	4	regressions	regression	NOUN
easat-9655	230	5	to	to	PART
easat-9655	230	6	further	far	ADV
easat-9655	230	7	analyse	analyse	VERB
easat-9655	230	8	industry	industry	NOUN
easat-9655	230	9	differences	difference	NOUN
easat-9655	230	10	,	,	PUNCT
easat-9655	230	11	separate	separate	ADJ
easat-9655	230	12	regressions	regression	NOUN
easat-9655	230	13	are	be	AUX
easat-9655	230	14	run	run	VERB
easat-9655	230	15	for	for	ADP
easat-9655	230	16	manufacturing	manufacturing	NOUN
easat-9655	230	17	and	and	CCONJ
easat-9655	230	18	services	service	NOUN
easat-9655	230	19	.	.	PUNCT
easat-9655	231	1	table	table	NOUN
easat-9655	231	2	8	8	NUM
easat-9655	231	3	.	.	PUNCT
easat-9655	232	1	separate	separate	ADJ
easat-9655	232	2	regressions	regression	NOUN
easat-9655	232	3	for	for	ADP
easat-9655	232	4	manufacturing	manufacturing	NOUN
easat-9655	232	5	and	and	CCONJ
easat-9655	232	6	services	service	NOUN
easat-9655	232	7	.	.	PUNCT
easat-9655	233	1	variable	variable	ADJ
easat-9655	233	2	manufacturing	manufacturing	NOUN
easat-9655	233	3	coefficient	coefficient	NOUN
easat-9655	233	4	coefficient	coefficient	NOUN
easat-9655	233	5	of	of	ADP
easat-9655	233	6	service	service	NOUN
easat-9655	233	7	sector	sector	NOUN
easat-9655	233	8	innovation	innovation	NOUN
easat-9655	233	9	index	index	NOUN
easat-9655	233	10	0.015	0.015	NUM
easat-9655	233	11	(	(	PUNCT
easat-9655	233	12	p=0.002	p=0.002	NOUN
easat-9655	233	13	)	)	PUNCT
easat-9655	233	14	0.005	0.005	NUM
easat-9655	233	15	(	(	PUNCT
easat-9655	233	16	p=0.320	p=0.320	NUM
easat-9655	233	17	)	)	PUNCT
easat-9655	233	18	interaction	interaction	NOUN
easat-9655	233	19	term	term	NOUN
easat-9655	233	20	(	(	PUNCT
easat-9655	233	21	innovation	innovation	NOUN
easat-9655	233	22	×	×	PROPN
easat-9655	233	23	digital	digital	ADJ
easat-9655	233	24	investment	investment	NOUN
easat-9655	233	25	)	)	PUNCT
easat-9655	233	26	0.008	0.008	NUM
easat-9655	233	27	(	(	PUNCT
easat-9655	233	28	p=0.001	p=0.001	NUM
easat-9655	233	29	)	)	PUNCT
easat-9655	233	30	0.002	0.002	NUM
easat-9655	233	31	(	(	PUNCT
easat-9655	233	32	p=0.431	p=0.431	NOUN
easat-9655	233	33	)	)	PUNCT
easat-9655	233	34	analysis	analysis	NOUN
easat-9655	233	35	:	:	PUNCT
easat-9655	233	36	•	•	NUM
easat-9655	233	37	manufacturing	manufacturing	NOUN
easat-9655	233	38	firms	firm	NOUN
easat-9655	233	39	'	'	PART
easat-9655	233	40	innovation	innovation	NOUN
easat-9655	233	41	strategies	strategy	NOUN
easat-9655	233	42	have	have	AUX
easat-9655	233	43	a	a	DET
easat-9655	233	44	stronger	strong	ADJ
easat-9655	233	45	impact	impact	NOUN
easat-9655	233	46	on	on	ADP
easat-9655	233	47	performance	performance	NOUN
easat-9655	233	48	improvement	improvement	NOUN
easat-9655	233	49	,	,	PUNCT
easat-9655	233	50	suggesting	suggest	VERB
easat-9655	233	51	a	a	DET
easat-9655	233	52	greater	great	ADJ
easat-9655	233	53	reliance	reliance	NOUN
easat-9655	233	54	on	on	ADP
easat-9655	233	55	technology	technology	NOUN
easat-9655	233	56	-	-	PUNCT
easat-9655	233	57	driven	drive	VERB
easat-9655	233	58	innovation	innovation	NOUN
easat-9655	233	59	in	in	ADP
easat-9655	233	60	the	the	DET
easat-9655	233	61	manufacturing	manufacturing	NOUN
easat-9655	233	62	sector	sector	NOUN
easat-9655	233	63	.	.	PUNCT
easat-9655	234	1	•	•	NUM
easat-9655	234	2	the	the	DET
easat-9655	234	3	greater	great	ADJ
easat-9655	234	4	impact	impact	NOUN
easat-9655	234	5	of	of	ADP
easat-9655	234	6	digital	digital	ADJ
easat-9655	234	7	investment	investment	NOUN
easat-9655	234	8	in	in	ADP
easat-9655	234	9	service	service	NOUN
easat-9655	234	10	sector	sector	NOUN
easat-9655	234	11	firms	firm	NOUN
easat-9655	234	12	indicates	indicate	VERB
easat-9655	234	13	a	a	DET
easat-9655	234	14	greater	great	ADJ
easat-9655	234	15	reliance	reliance	NOUN
easat-9655	234	16	on	on	ADP
easat-9655	234	17	data	datum	NOUN
easat-9655	234	18	and	and	CCONJ
easat-9655	234	19	customer	customer	NOUN
easat-9655	234	20	experience	experience	NOUN
easat-9655	234	21	optimisation	optimisation	NOUN
easat-9655	234	22	in	in	ADP
easat-9655	234	23	the	the	DET
easat-9655	234	24	service	service	NOUN
easat-9655	234	25	sector	sector	NOUN
easat-9655	234	26	.	.	PUNCT
easat-9655	235	1	4.14	4.14	NUM
easat-9655	235	2	.	.	PUNCT
easat-9655	236	1	key	key	ADJ
easat-9655	236	2	findings	finding	NOUN
easat-9655	236	3	1	1	NUM
easat-9655	236	4	.	.	PUNCT
easat-9655	237	1	the	the	DET
easat-9655	237	2	short	short	ADJ
easat-9655	237	3	-	-	PUNCT
easat-9655	237	4	term	term	NOUN
easat-9655	237	5	impact	impact	NOUN
easat-9655	237	6	of	of	ADP
easat-9655	237	7	innovation	innovation	NOUN
easat-9655	237	8	strategy	strategy	NOUN
easat-9655	237	9	on	on	ADP
easat-9655	237	10	firm	firm	ADJ
easat-9655	237	11	performance	performance	NOUN
easat-9655	237	12	is	be	AUX
easat-9655	237	13	low	low	ADJ
easat-9655	237	14	•	•	ADP
easat-9655	237	15	the	the	DET
easat-9655	237	16	roa	roa	PROPN
easat-9655	237	17	regression	regression	NOUN
easat-9655	237	18	coefficient	coefficient	NOUN
easat-9655	237	19	is	be	AUX
easat-9655	237	20	low	low	ADJ
easat-9655	237	21	(	(	PUNCT
easat-9655	237	22	-0.0018	-0.0018	NOUN
easat-9655	237	23	)	)	PUNCT
easat-9655	237	24	but	but	CCONJ
easat-9655	237	25	still	still	ADV
easat-9655	237	26	significant	significant	ADJ
easat-9655	237	27	(	(	PUNCT
easat-9655	237	28	p=0.041	p=0.041	NOUN
easat-9655	237	29	)	)	PUNCT
easat-9655	237	30	,	,	PUNCT
easat-9655	237	31	suggesting	suggest	VERB
easat-9655	237	32	that	that	SCONJ
easat-9655	237	33	innovation	innovation	NOUN
easat-9655	237	34	investment	investment	NOUN
easat-9655	237	35	may	may	AUX
easat-9655	237	36	not	not	PART
easat-9655	237	37	directly	directly	ADV
easat-9655	237	38	improve	improve	VERB
easat-9655	237	39	firm	firm	ADJ
easat-9655	237	40	profitability	profitability	NOUN
easat-9655	237	41	in	in	ADP
easat-9655	237	42	the	the	DET
easat-9655	237	43	short	short	ADJ
easat-9655	237	44	term	term	NOUN
easat-9655	237	45	.	.	PUNCT
easat-9655	238	1	2	2	NUM
easat-9655	238	2	the	the	DET
easat-9655	238	3	separate	separate	ADJ
easat-9655	238	4	effect	effect	NOUN
easat-9655	238	5	of	of	ADP
easat-9655	238	6	digital	digital	ADJ
easat-9655	238	7	investment	investment	NOUN
easat-9655	238	8	is	be	AUX
easat-9655	238	9	negative	negative	ADJ
easat-9655	238	10	•	•	ADP
easat-9655	238	11	the	the	DET
easat-9655	238	12	regression	regression	NOUN
easat-9655	238	13	coefficient	coefficient	NOUN
easat-9655	238	14	of	of	ADP
easat-9655	238	15	digital	digital	ADJ
easat-9655	238	16	investment	investment	NOUN
easat-9655	238	17	(	(	PUNCT
easat-9655	238	18	dti	dti	PROPN
easat-9655	238	19	)	)	PUNCT
easat-9655	238	20	on	on	ADP
easat-9655	238	21	roa	roa	PROPN
easat-9655	238	22	is	be	AUX
easat-9655	238	23	-0.0061	-0.0061	NOUN
easat-9655	238	24	(	(	PUNCT
easat-9655	238	25	p=0.013	p=0.013	NOUN
easat-9655	238	26	)	)	PUNCT
easat-9655	238	27	,	,	PUNCT
easat-9655	238	28	suggesting	suggest	VERB
easat-9655	238	29	that	that	SCONJ
easat-9655	238	30	firms	firm	NOUN
easat-9655	238	31	may	may	AUX
easat-9655	238	32	experience	experience	VERB
easat-9655	238	33	a	a	DET
easat-9655	238	34	decline	decline	NOUN
easat-9655	238	35	in	in	ADP
easat-9655	238	36	profitability	profitability	NOUN
easat-9655	238	37	in	in	ADP
easat-9655	238	38	the	the	DET
easat-9655	238	39	short	short	ADJ
easat-9655	238	40	term	term	NOUN
easat-9655	238	41	due	due	ADP
easat-9655	238	42	to	to	ADP
easat-9655	238	43	higher	high	ADJ
easat-9655	238	44	costs	cost	NOUN
easat-9655	238	45	when	when	SCONJ
easat-9655	238	46	making	make	VERB
easat-9655	238	47	digital	digital	ADJ
easat-9655	238	48	upgrades	upgrade	NOUN
easat-9655	238	49	.	.	PUNCT
easat-9655	239	1	3	3	NUM
easat-9655	239	2	digital	digital	ADJ
easat-9655	239	3	technology	technology	NOUN
easat-9655	239	4	enhances	enhance	VERB
easat-9655	239	5	the	the	DET
easat-9655	239	6	effectiveness	effectiveness	NOUN
easat-9655	239	7	of	of	ADP
easat-9655	239	8	innovation	innovation	NOUN
easat-9655	239	9	strategies	strategy	NOUN
easat-9655	239	10	•	•	NOUN
easat-9655	239	11	（	（	PUNCT
easat-9655	239	12	innovation	innovation	NOUN
easat-9655	239	13	×	×	PROPN
easat-9655	239	14	digital	digital	ADJ
easat-9655	239	15	investment)is	investment)is	ADV
easat-9655	239	16	0.0007	0.0007	NUM
easat-9655	239	17	(	(	PUNCT
easat-9655	239	18	p=0.026	p=0.026	NUM
easat-9655	239	19	)	)	PUNCT
easat-9655	239	20	,	,	PUNCT
easat-9655	239	21	indicating	indicate	VERB
easat-9655	239	22	that	that	SCONJ
easat-9655	239	23	digital	digital	ADJ
easat-9655	239	24	technology	technology	NOUN
easat-9655	239	25	can	can	AUX
easat-9655	239	26	optimise	optimise	VERB
easat-9655	239	27	the	the	DET
easat-9655	239	28	allocation	allocation	NOUN
easat-9655	239	29	of	of	ADP
easat-9655	239	30	innovation	innovation	NOUN
easat-9655	239	31	resources	resource	NOUN
easat-9655	239	32	and	and	CCONJ
easat-9655	239	33	increase	increase	VERB
easat-9655	239	34	the	the	DET
easat-9655	239	35	rate	rate	NOUN
easat-9655	239	36	of	of	ADP
easat-9655	239	37	return	return	NOUN
easat-9655	239	38	on	on	ADP
easat-9655	239	39	innovation	innovation	NOUN
easat-9655	239	40	investment	investment	NOUN
easat-9655	239	41	.	.	PUNCT
easat-9655	240	1	4	4	X
easat-9655	240	2	.	.	X
easat-9655	240	3	tobin	tobin	PROPN
easat-9655	240	4	's	's	PART
easat-9655	240	5	q	q	NOUN
easat-9655	240	6	fails	fail	VERB
easat-9655	240	7	to	to	PART
easat-9655	240	8	confirm	confirm	VERB
easat-9655	240	9	the	the	DET
easat-9655	240	10	market	market	NOUN
easat-9655	240	11	value	value	NOUN
easat-9655	240	12	enhancement	enhancement	NOUN
easat-9655	240	13	effect	effect	NOUN
easat-9655	240	14	of	of	ADP
easat-9655	240	15	innovation	innovation	NOUN
easat-9655	240	16	strategy	strategy	NOUN
easat-9655	240	17	.	.	PUNCT
easat-9655	241	1	•	•	NOUN
easat-9655	241	2	in	in	ADP
easat-9655	241	3	the	the	DET
easat-9655	241	4	regression	regression	NOUN
easat-9655	241	5	with	with	ADP
easat-9655	241	6	tobin	tobin	PROPN
easat-9655	241	7	's	's	PART
easat-9655	241	8	q	q	NOUN
easat-9655	241	9	as	as	ADP
easat-9655	241	10	the	the	DET
easat-9655	241	11	dependent	dependent	ADJ
easat-9655	241	12	variable	variable	NOUN
easat-9655	241	13	,	,	PUNCT
easat-9655	241	14	the	the	DET
easat-9655	241	15	regression	regression	NOUN
easat-9655	241	16	coefficients	coefficient	NOUN
easat-9655	241	17	of	of	ADP
easat-9655	241	18	innovation	innovation	NOUN
easat-9655	241	19	strategy	strategy	NOUN
easat-9655	241	20	,	,	PUNCT
easat-9655	241	21	digital	digital	ADJ
easat-9655	241	22	investment	investment	NOUN
easat-9655	241	23	and	and	CCONJ
easat-9655	241	24	their	their	PRON
easat-9655	241	25	interaction	interaction	NOUN
easat-9655	241	26	terms	term	NOUN
easat-9655	241	27	are	be	AUX
easat-9655	241	28	not	not	PART
easat-9655	241	29	significant	significant	ADJ
easat-9655	241	30	(	(	PUNCT
easat-9655	241	31	p	p	X
easat-9655	241	32	>	>	X
easat-9655	241	33	0.1	0.1	NUM
easat-9655	241	34	)	)	PUNCT
easat-9655	241	35	.	.	PUNCT
easat-9655	242	1	•	•	NOUN
easat-9655	242	2	this	this	PRON
easat-9655	242	3	may	may	AUX
easat-9655	242	4	indicate	indicate	VERB
easat-9655	242	5	that	that	SCONJ
easat-9655	242	6	the	the	DET
easat-9655	242	7	capital	capital	NOUN
easat-9655	242	8	market	market	NOUN
easat-9655	242	9	needs	need	VERB
easat-9655	242	10	a	a	DET
easat-9655	242	11	longer	long	ADJ
easat-9655	242	12	period	period	NOUN
easat-9655	242	13	of	of	ADP
easat-9655	242	14	time	time	NOUN
easat-9655	242	15	to	to	PART
easat-9655	242	16	observe	observe	VERB
easat-9655	242	17	the	the	DET
easat-9655	242	18	results	result	NOUN
easat-9655	242	19	of	of	ADP
easat-9655	242	20	corporate	corporate	ADJ
easat-9655	242	21	innovation	innovation	NOUN
easat-9655	242	22	,	,	PUNCT
easat-9655	242	23	or	or	CCONJ
easat-9655	242	24	that	that	SCONJ
easat-9655	242	25	investors	investor	NOUN
easat-9655	242	26	'	'	PART
easat-9655	242	27	assessment	assessment	NOUN
easat-9655	242	28	of	of	ADP
easat-9655	242	29	corporate	corporate	ADJ
easat-9655	242	30	innovation	innovation	NOUN
easat-9655	242	31	strategy	strategy	NOUN
easat-9655	242	32	is	be	AUX
easat-9655	242	33	influenced	influence	VERB
easat-9655	242	34	by	by	ADP
easat-9655	242	35	other	other	ADJ
easat-9655	242	36	factors	factor	NOUN
easat-9655	242	37	.	.	PUNCT
easat-9655	243	1	5	5	X
easat-9655	243	2	.	.	X
easat-9655	243	3	industry	industry	NOUN
easat-9655	243	4	differences	difference	NOUN
easat-9655	243	5	between	between	ADP
easat-9655	243	6	manufacturing	manufacturing	NOUN
easat-9655	243	7	and	and	CCONJ
easat-9655	243	8	services	service	NOUN
easat-9655	243	9	•	•	NOUN
easat-9655	243	10	manufacturing	manufacturing	NOUN
easat-9655	243	11	firms	firm	NOUN
easat-9655	243	12	are	be	AUX
easat-9655	243	13	more	more	ADV
easat-9655	243	14	driven	drive	VERB
easat-9655	243	15	by	by	ADP
easat-9655	243	16	innovation	innovation	NOUN
easat-9655	243	17	strategies	strategy	NOUN
easat-9655	243	18	,	,	PUNCT
easat-9655	243	19	while	while	SCONJ
easat-9655	243	20	service	service	NOUN
easat-9655	243	21	sector	sector	NOUN
easat-9655	243	22	firms	firm	NOUN
easat-9655	243	23	are	be	AUX
easat-9655	243	24	more	more	ADV
easat-9655	243	25	influenced	influence	VERB
easat-9655	243	26	by	by	ADP
easat-9655	243	27	digital	digital	ADJ
easat-9655	243	28	technologies	technology	NOUN
easat-9655	243	29	.	.	PUNCT
easat-9655	244	1	there	there	PRON
easat-9655	244	2	may	may	AUX
easat-9655	244	3	be	be	AUX
easat-9655	244	4	significant	significant	ADJ
easat-9655	244	5	differences	difference	NOUN
easat-9655	244	6	in	in	ADP
easat-9655	244	7	the	the	DET
easat-9655	244	8	role	role	NOUN
easat-9655	244	9	of	of	ADP
easat-9655	244	10	digital	digital	ADJ
easat-9655	244	11	investment	investment	NOUN
easat-9655	244	12	in	in	ADP
easat-9655	244	13	manufacturing	manufacturing	NOUN
easat-9655	244	14	and	and	CCONJ
easat-9655	244	15	services	service	NOUN
easat-9655	244	16	:	:	PUNCT
easat-9655	244	17	1593	1593	NUM
easat-9655	244	18	edelweiss	edelweiss	PROPN
easat-9655	244	19	applied	apply	VERB
easat-9655	244	20	science	science	NOUN
easat-9655	244	21	and	and	CCONJ
easat-9655	244	22	technology	technology	NOUN
easat-9655	244	23	issn	issn	PROPN
easat-9655	244	24	:	:	PUNCT
easat-9655	244	25	2576	2576	NUM
easat-9655	244	26	-	-	SYM
easat-9655	244	27	8484	8484	NUM
easat-9655	244	28	vol	vol	NOUN
easat-9655	244	29	.	.	PROPN
easat-9655	245	1	9	9	NUM
easat-9655	245	2	,	,	PUNCT
easat-9655	245	3	no	no	INTJ
easat-9655	245	4	.	.	NOUN
easat-9655	245	5	8	8	NUM
easat-9655	245	6	:	:	SYM
easat-9655	245	7	1580	1580	NUM
easat-9655	245	8	-	-	SYM
easat-9655	245	9	1595	1595	NUM
easat-9655	245	10	,	,	PUNCT
easat-9655	245	11	2025	2025	NUM
easat-9655	245	12	doi	doi	NOUN
easat-9655	245	13	:	:	PUNCT
easat-9655	245	14	10.55214/2576	10.55214/2576	NUM
easat-9655	245	15	-	-	PUNCT
easat-9655	245	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	246	1	©	©	ADP
easat-9655	246	2	2025	2025	NUM
easat-9655	246	3	by	by	ADP
easat-9655	246	4	the	the	DET
easat-9655	246	5	authors	author	NOUN
easat-9655	246	6	;	;	PUNCT
easat-9655	246	7	licensee	licensee	PROPN
easat-9655	246	8	learning	learning	NOUN
easat-9655	246	9	gate	gate	NOUN
easat-9655	246	10	•	•	NOUN
easat-9655	246	11	manufacturing	manufacturing	NOUN
easat-9655	246	12	:	:	PUNCT
easat-9655	246	13	digital	digital	ADJ
easat-9655	246	14	investment	investment	NOUN
easat-9655	246	15	focuses	focus	VERB
easat-9655	246	16	on	on	ADP
easat-9655	246	17	optimising	optimise	VERB
easat-9655	246	18	production	production	NOUN
easat-9655	246	19	processes	process	NOUN
easat-9655	246	20	and	and	CCONJ
easat-9655	246	21	its	its	PRON
easat-9655	246	22	innovation	innovation	NOUN
easat-9655	246	23	impact	impact	NOUN
easat-9655	246	24	is	be	AUX
easat-9655	246	25	stronger	strong	ADJ
easat-9655	246	26	(	(	PUNCT
easat-9655	246	27	higher	high	ADJ
easat-9655	246	28	tobin	tobin	NOUN
easat-9655	246	29	's	's	PART
easat-9655	246	30	q	q	PROPN
easat-9655	246	31	regression	regression	NOUN
easat-9655	246	32	coefficient	coefficient	NOUN
easat-9655	246	33	)	)	PUNCT
easat-9655	246	34	.	.	PUNCT
easat-9655	247	1	•	•	NUM
easat-9655	247	2	services	service	NOUN
easat-9655	247	3	:	:	PUNCT
easat-9655	247	4	digital	digital	ADJ
easat-9655	247	5	investment	investment	NOUN
easat-9655	247	6	focuses	focus	VERB
easat-9655	247	7	more	more	ADJ
easat-9655	247	8	on	on	ADP
easat-9655	247	9	customer	customer	NOUN
easat-9655	247	10	data	datum	NOUN
easat-9655	247	11	analysis	analysis	NOUN
easat-9655	247	12	and	and	CCONJ
easat-9655	247	13	its	its	PRON
easat-9655	247	14	innovation	innovation	NOUN
easat-9655	247	15	impact	impact	NOUN
easat-9655	247	16	is	be	AUX
easat-9655	247	17	not	not	PART
easat-9655	247	18	significant	significant	ADJ
easat-9655	247	19	in	in	ADP
easat-9655	247	20	the	the	DET
easat-9655	247	21	short	short	ADJ
easat-9655	247	22	term	term	NOUN
easat-9655	247	23	.	.	PUNCT
easat-9655	248	1	5.14.1	5.14.1	NUM
easat-9655	248	2	.	.	X
easat-9655	249	1	use	use	VERB
easat-9655	249	2	sub	sub	ADJ
easat-9655	249	3	-	-	ADJ
easat-9655	249	4	industry	industry	ADJ
easat-9655	249	5	regressions	regression	NOUN
easat-9655	249	6	𝑅𝑂𝐴𝑀𝑎𝑛𝑢𝑓𝑎𝑐𝑡𝑢𝑟𝑖𝑛𝑔	𝑅𝑂𝐴𝑀𝑎𝑛𝑢𝑓𝑎𝑐𝑡𝑢𝑟𝑖𝑛𝑔	ADV
easat-9655	249	7	=	=	SYM
easat-9655	249	8	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	ADJ
easat-9655	250	1	+	+	CCONJ
easat-9655	250	2	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙	ADJ
easat-9655	250	3	+	+	CCONJ
easat-9655	250	4	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	PROPN
easat-9655	250	5	×	×	PROPN
easat-9655	250	6	𝐷𝑖𝑔𝑖𝑡𝑎𝑙	𝐷𝑖𝑔𝑖𝑡𝑎𝑙	PROPN
easat-9655	250	7	)	)	PUNCT
easat-9655	251	1	+	+	CCONJ
easat-9655	251	2	𝐶𝑜𝑛𝑡𝑟𝑜𝑙	𝐶𝑜𝑛𝑡𝑟𝑜𝑙	PROPN
easat-9655	251	3	𝑅𝑂𝐴𝑆𝑒𝑟𝑣𝑖𝑐𝑒	𝑅𝑂𝐴𝑆𝑒𝑟𝑣𝑖𝑐𝑒	PROPN
easat-9655	251	4	=	=	PUNCT
easat-9655	251	5	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	β1𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	PROPN
easat-9655	252	1	+	+	CCONJ
easat-9655	252	2	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙	β2𝐷𝑖𝑔𝑖𝑡𝑎𝑙	ADJ
easat-9655	252	3	+	+	CCONJ
easat-9655	252	4	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	β3(𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛	PROPN
easat-9655	252	5	×	×	PROPN
easat-9655	252	6	𝐷𝑖𝑔𝑖𝑡𝑎𝑙	𝐷𝑖𝑔𝑖𝑡𝑎𝑙	PROPN
easat-9655	252	7	)	)	PUNCT
easat-9655	253	1	+	+	CCONJ
easat-9655	254	1	𝐶𝑜𝑛𝑡𝑟𝑜𝑙	𝐶𝑜𝑛𝑡𝑟𝑜𝑙	PROPN
easat-9655	254	2	the	the	DET
easat-9655	254	3	analysis	analysis	NOUN
easat-9655	254	4	shows	show	VERB
easat-9655	254	5	that	that	SCONJ
easat-9655	254	6	manufacturing	manufacturing	NOUN
easat-9655	254	7	firms	firm	NOUN
easat-9655	254	8	are	be	AUX
easat-9655	254	9	more	more	ADV
easat-9655	254	10	driven	drive	VERB
easat-9655	254	11	by	by	ADP
easat-9655	254	12	digital	digital	ADJ
easat-9655	254	13	investments	investment	NOUN
easat-9655	254	14	,	,	PUNCT
easat-9655	254	15	while	while	SCONJ
easat-9655	254	16	service	service	NOUN
easat-9655	254	17	firms	firm	NOUN
easat-9655	254	18	rely	rely	VERB
easat-9655	254	19	on	on	ADP
easat-9655	254	20	increased	increase	VERB
easat-9655	254	21	data	datum	NOUN
easat-9655	254	22	analytics	analytic	NOUN
easat-9655	254	23	capabilities	capability	NOUN
easat-9655	254	24	.	.	PUNCT
easat-9655	255	1	5.14.2	5.14.2	NUM
easat-9655	255	2	.	.	X
easat-9655	256	1	lag	lag	VERB
easat-9655	256	2	analysis	analysis	NOUN
easat-9655	256	3	since	since	SCONJ
easat-9655	256	4	the	the	DET
easat-9655	256	5	impact	impact	NOUN
easat-9655	256	6	of	of	ADP
easat-9655	256	7	innovation	innovation	NOUN
easat-9655	256	8	usually	usually	ADV
easat-9655	256	9	has	have	VERB
easat-9655	256	10	a	a	DET
easat-9655	256	11	lagged	lag	VERB
easat-9655	256	12	effect	effect	NOUN
easat-9655	256	13	,	,	PUNCT
easat-9655	256	14	this	this	DET
easat-9655	256	15	paper	paper	NOUN
easat-9655	256	16	uses	use	VERB
easat-9655	256	17	the	the	DET
easat-9655	256	18	lagged	lag	VERB
easat-9655	256	19	variable	variable	NOUN
easat-9655	256	20	of	of	ADP
easat-9655	256	21	digital	digital	ADJ
easat-9655	256	22	investment	investment	NOUN
easat-9655	256	23	for	for	ADP
easat-9655	256	24	regression	regression	NOUN
easat-9655	256	25	:	:	PUNCT
easat-9655	256	26	𝑅𝑂𝐴𝑡	𝑅𝑂𝐴𝑡	PROPN
easat-9655	256	27	=	=	SYM
easat-9655	256	28	𝛽1𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑡−1	𝛽1𝐷𝑖𝑔𝑖𝑡𝑎𝑙𝑡−1	ADJ
easat-9655	256	29	+	+	CCONJ
easat-9655	256	30	𝛽2𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑡−1	𝛽2𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑡−1	ADJ
easat-9655	256	31	+	+	CCONJ
easat-9655	256	32	𝐶𝑜𝑛𝑡𝑟𝑜𝑙	𝐶𝑜𝑛𝑡𝑟𝑜𝑙	PROPN
easat-9655	256	33	the	the	DET
easat-9655	256	34	regression	regression	NOUN
easat-9655	256	35	results	result	NOUN
easat-9655	256	36	show	show	VERB
easat-9655	256	37	that	that	PRON
easat-9655	256	38	lagged	lag	VERB
easat-9655	256	39	one	one	NUM
easat-9655	256	40	-	-	PUNCT
easat-9655	256	41	period	period	NOUN
easat-9655	256	42	digital	digital	ADJ
easat-9655	256	43	investment	investment	NOUN
easat-9655	256	44	significantly	significantly	ADV
easat-9655	256	45	improves	improve	VERB
easat-9655	256	46	firm	firm	ADJ
easat-9655	256	47	performance	performance	NOUN
easat-9655	256	48	(	(	PUNCT
easat-9655	256	49	p	p	X
easat-9655	256	50	<	<	X
easat-9655	256	51	0.01	0.01	NUM
easat-9655	256	52	)	)	PUNCT
easat-9655	256	53	,	,	PUNCT
easat-9655	256	54	suggesting	suggest	VERB
easat-9655	256	55	that	that	SCONJ
easat-9655	256	56	the	the	DET
easat-9655	256	57	impact	impact	NOUN
easat-9655	256	58	of	of	ADP
easat-9655	256	59	digitisation	digitisation	NOUN
easat-9655	256	60	takes	take	VERB
easat-9655	256	61	time	time	NOUN
easat-9655	256	62	to	to	PART
easat-9655	256	63	build	build	VERB
easat-9655	256	64	up	up	ADP
easat-9655	256	65	.	.	PUNCT
easat-9655	257	1	6	6	X
easat-9655	257	2	.	.	PUNCT
easat-9655	257	3	conclusions	conclusion	NOUN
easat-9655	257	4	6.1	6.1	NUM
easat-9655	257	5	.	.	PUNCT
easat-9655	258	1	conclusion	conclusion	NOUN
easat-9655	258	2	this	this	DET
easat-9655	258	3	study	study	NOUN
easat-9655	258	4	finds	find	VERB
easat-9655	258	5	that	that	SCONJ
easat-9655	258	6	innovation	innovation	NOUN
easat-9655	258	7	strategies	strategy	NOUN
easat-9655	258	8	may	may	AUX
easat-9655	258	9	have	have	VERB
easat-9655	258	10	some	some	DET
easat-9655	258	11	negative	negative	ADJ
easat-9655	258	12	impact	impact	NOUN
easat-9655	258	13	on	on	ADP
easat-9655	258	14	firm	firm	ADJ
easat-9655	258	15	performance	performance	NOUN
easat-9655	258	16	in	in	ADP
easat-9655	258	17	the	the	DET
easat-9655	258	18	short	short	ADJ
easat-9655	258	19	term	term	NOUN
easat-9655	258	20	,	,	PUNCT
easat-9655	258	21	but	but	CCONJ
easat-9655	258	22	in	in	ADP
easat-9655	258	23	the	the	DET
easat-9655	258	24	long	long	ADJ
easat-9655	258	25	term	term	NOUN
easat-9655	258	26	,	,	PUNCT
easat-9655	258	27	the	the	DET
easat-9655	258	28	benefits	benefit	NOUN
easat-9655	258	29	are	be	AUX
easat-9655	258	30	gradually	gradually	ADV
easat-9655	258	31	reflected	reflect	VERB
easat-9655	258	32	as	as	SCONJ
easat-9655	258	33	innovations	innovation	NOUN
easat-9655	258	34	are	be	AUX
easat-9655	258	35	marketed	market	VERB
easat-9655	258	36	.	.	PUNCT
easat-9655	259	1	meanwhile	meanwhile	ADV
easat-9655	259	2	,	,	PUNCT
easat-9655	259	3	digital	digital	ADJ
easat-9655	259	4	investment	investment	NOUN
easat-9655	259	5	can	can	AUX
easat-9655	259	6	accelerate	accelerate	VERB
easat-9655	259	7	the	the	DET
easat-9655	259	8	transformation	transformation	NOUN
easat-9655	259	9	of	of	ADP
easat-9655	259	10	innovation	innovation	NOUN
easat-9655	259	11	results	result	NOUN
easat-9655	259	12	and	and	CCONJ
easat-9655	259	13	significantly	significantly	ADV
easat-9655	259	14	enhance	enhance	VERB
easat-9655	259	15	the	the	DET
easat-9655	259	16	impact	impact	NOUN
easat-9655	259	17	of	of	ADP
easat-9655	259	18	innovation	innovation	NOUN
easat-9655	259	19	on	on	ADP
easat-9655	259	20	firm	firm	ADJ
easat-9655	259	21	performance	performance	NOUN
easat-9655	259	22	.	.	PUNCT
easat-9655	260	1	therefore	therefore	ADV
easat-9655	260	2	,	,	PUNCT
easat-9655	260	3	when	when	SCONJ
easat-9655	260	4	enterprises	enterprise	NOUN
easat-9655	260	5	formulate	formulate	VERB
easat-9655	260	6	their	their	PRON
easat-9655	260	7	innovation	innovation	NOUN
easat-9655	260	8	strategies	strategy	NOUN
easat-9655	260	9	,	,	PUNCT
easat-9655	260	10	they	they	PRON
easat-9655	260	11	need	need	VERB
easat-9655	260	12	to	to	PART
easat-9655	260	13	comprehensively	comprehensively	ADV
easat-9655	260	14	consider	consider	VERB
easat-9655	260	15	short	short	ADJ
easat-9655	260	16	-	-	PUNCT
easat-9655	260	17	term	term	NOUN
easat-9655	260	18	input	input	NOUN
easat-9655	260	19	costs	cost	NOUN
easat-9655	260	20	and	and	CCONJ
easat-9655	260	21	long	long	ADJ
easat-9655	260	22	-	-	PUNCT
easat-9655	260	23	term	term	NOUN
easat-9655	260	24	benefit	benefit	NOUN
easat-9655	260	25	expectations	expectation	NOUN
easat-9655	260	26	,	,	PUNCT
easat-9655	260	27	combined	combine	VERB
easat-9655	260	28	with	with	ADP
easat-9655	260	29	digital	digital	ADJ
easat-9655	260	30	investment	investment	NOUN
easat-9655	260	31	to	to	PART
easat-9655	260	32	improve	improve	VERB
easat-9655	260	33	the	the	DET
easat-9655	260	34	rate	rate	NOUN
easat-9655	260	35	of	of	ADP
easat-9655	260	36	return	return	NOUN
easat-9655	260	37	on	on	ADP
easat-9655	260	38	innovation	innovation	NOUN
easat-9655	260	39	.	.	PUNCT
easat-9655	261	1	6.2	6.2	NUM
easat-9655	261	2	.	.	PUNCT
easat-9655	262	1	policy	policy	NOUN
easat-9655	262	2	recommendations	recommendation	NOUN
easat-9655	262	3	governments	government	NOUN
easat-9655	262	4	should	should	AUX
easat-9655	262	5	promote	promote	VERB
easat-9655	262	6	innovation	innovation	NOUN
easat-9655	262	7	and	and	CCONJ
easat-9655	262	8	digital	digital	ADJ
easat-9655	262	9	transformation	transformation	NOUN
easat-9655	262	10	through	through	ADP
easat-9655	262	11	policy	policy	NOUN
easat-9655	262	12	support.schwab	support.schwab	PRON
easat-9655	262	13	's	's	PART
easat-9655	262	14	[	[	X
easat-9655	262	15	25	25	NUM
easat-9655	262	16	]	]	PUNCT
easat-9655	262	17	theory	theory	NOUN
easat-9655	262	18	of	of	ADP
easat-9655	262	19	the	the	DET
easat-9655	262	20	‘	'	PUNCT
easat-9655	262	21	fourth	fourth	ADJ
easat-9655	262	22	industrial	industrial	ADJ
easat-9655	262	23	revolution	revolution	NOUN
easat-9655	262	24	’	'	PUNCT
easat-9655	262	25	emphasises	emphasise	VERB
easat-9655	262	26	that	that	SCONJ
easat-9655	262	27	the	the	DET
easat-9655	262	28	widespread	widespread	ADJ
easat-9655	262	29	use	use	NOUN
easat-9655	262	30	of	of	ADP
easat-9655	262	31	digital	digital	ADJ
easat-9655	262	32	technology	technology	NOUN
easat-9655	262	33	will	will	AUX
easat-9655	262	34	reshape	reshape	VERB
easat-9655	262	35	the	the	DET
easat-9655	262	36	global	global	ADJ
easat-9655	262	37	economic	economic	ADJ
easat-9655	262	38	landscape	landscape	NOUN
easat-9655	262	39	,	,	PUNCT
easat-9655	262	40	and	and	CCONJ
easat-9655	262	41	governments	government	NOUN
easat-9655	262	42	should	should	AUX
easat-9655	262	43	support	support	VERB
easat-9655	262	44	digital	digital	ADJ
easat-9655	262	45	transformation	transformation	NOUN
easat-9655	262	46	of	of	ADP
easat-9655	262	47	enterprises	enterprise	NOUN
easat-9655	262	48	through	through	ADP
easat-9655	262	49	infrastructure	infrastructure	NOUN
easat-9655	262	50	development	development	NOUN
easat-9655	262	51	and	and	CCONJ
easat-9655	262	52	technical	technical	ADJ
easat-9655	262	53	training	training	NOUN
easat-9655	262	54	.	.	PUNCT
easat-9655	263	1	1	1	X
easat-9655	263	2	.	.	X
easat-9655	263	3	encourage	encourage	VERB
easat-9655	263	4	enterprises	enterprise	NOUN
easat-9655	263	5	to	to	PART
easat-9655	263	6	invest	invest	VERB
easat-9655	263	7	in	in	ADP
easat-9655	263	8	long	long	ADJ
easat-9655	263	9	-	-	PUNCT
easat-9655	263	10	term	term	NOUN
easat-9655	263	11	innovation	innovation	NOUN
easat-9655	263	12	the	the	DET
easat-9655	263	13	government	government	NOUN
easat-9655	263	14	should	should	AUX
easat-9655	263	15	provide	provide	VERB
easat-9655	263	16	r&d	r&d	NOUN
easat-9655	263	17	tax	tax	NOUN
easat-9655	263	18	incentives	incentive	NOUN
easat-9655	263	19	to	to	PART
easat-9655	263	20	reduce	reduce	VERB
easat-9655	263	21	the	the	DET
easat-9655	263	22	cost	cost	NOUN
easat-9655	263	23	of	of	ADP
easat-9655	263	24	innovation	innovation	NOUN
easat-9655	263	25	for	for	ADP
easat-9655	263	26	enterprises	enterprise	NOUN
easat-9655	263	27	.	.	PUNCT
easat-9655	264	1	a	a	DET
easat-9655	264	2	special	special	ADJ
easat-9655	264	3	innovation	innovation	NOUN
easat-9655	264	4	fund	fund	NOUN
easat-9655	264	5	should	should	AUX
easat-9655	264	6	be	be	AUX
easat-9655	264	7	set	set	VERB
easat-9655	264	8	up	up	ADP
easat-9655	264	9	to	to	PART
easat-9655	264	10	support	support	VERB
easat-9655	264	11	high	high	ADJ
easat-9655	264	12	-	-	PUNCT
easat-9655	264	13	tech	tech	NOUN
easat-9655	264	14	enterprises	enterprise	NOUN
easat-9655	264	15	in	in	ADP
easat-9655	264	16	long	long	ADJ
easat-9655	264	17	-	-	PUNCT
easat-9655	264	18	term	term	NOUN
easat-9655	264	19	innovation	innovation	NOUN
easat-9655	264	20	.	.	PUNCT
easat-9655	265	1	2	2	X
easat-9655	265	2	.	.	X
easat-9655	265	3	promote	promote	VERB
easat-9655	265	4	enterprise	enterprise	NOUN
easat-9655	265	5	digitalisation	digitalisation	NOUN
easat-9655	265	6	capacity	capacity	NOUN
easat-9655	265	7	building	building	NOUN
easat-9655	265	8	establish	establish	VERB
easat-9655	265	9	a	a	DET
easat-9655	265	10	digital	digital	ADJ
easat-9655	265	11	transformation	transformation	NOUN
easat-9655	265	12	support	support	NOUN
easat-9655	265	13	platform	platform	NOUN
easat-9655	265	14	and	and	CCONJ
easat-9655	265	15	provide	provide	VERB
easat-9655	265	16	training	training	NOUN
easat-9655	265	17	and	and	CCONJ
easat-9655	265	18	technical	technical	ADJ
easat-9655	265	19	guidance	guidance	NOUN
easat-9655	265	20	.	.	PUNCT
easat-9655	266	1	promote	promote	VERB
easat-9655	266	2	cross	cross	ADJ
easat-9655	266	3	-	-	ADJ
easat-9655	266	4	industry	industry	ADJ
easat-9655	266	5	cooperation	cooperation	NOUN
easat-9655	266	6	and	and	CCONJ
easat-9655	266	7	data	datum	NOUN
easat-9655	266	8	sharing	share	VERB
easat-9655	266	9	to	to	PART
easat-9655	266	10	increase	increase	VERB
easat-9655	266	11	the	the	DET
easat-9655	266	12	return	return	NOUN
easat-9655	266	13	on	on	ADP
easat-9655	266	14	digital	digital	ADJ
easat-9655	266	15	investment	investment	NOUN
easat-9655	266	16	.	.	PUNCT
easat-9655	267	1	3	3	X
easat-9655	267	2	.	.	X
easat-9655	267	3	optimise	optimise	ADJ
easat-9655	267	4	financial	financial	ADJ
easat-9655	267	5	market	market	NOUN
easat-9655	267	6	support	support	NOUN
easat-9655	267	7	improve	improve	VERB
easat-9655	267	8	intellectual	intellectual	ADJ
easat-9655	267	9	property	property	NOUN
easat-9655	267	10	protection	protection	NOUN
easat-9655	267	11	to	to	PART
easat-9655	267	12	ensure	ensure	VERB
easat-9655	267	13	that	that	SCONJ
easat-9655	267	14	innovations	innovation	NOUN
easat-9655	267	15	are	be	AUX
easat-9655	267	16	recognised	recognise	VERB
easat-9655	267	17	by	by	ADP
easat-9655	267	18	the	the	DET
easat-9655	267	19	market	market	NOUN
easat-9655	267	20	.	.	PUNCT
easat-9655	268	1	set	set	VERB
easat-9655	268	2	up	up	ADP
easat-9655	268	3	exclusive	exclusive	ADJ
easat-9655	268	4	financing	financing	NOUN
easat-9655	268	5	channels	channel	NOUN
easat-9655	268	6	for	for	ADP
easat-9655	268	7	innovative	innovative	ADJ
easat-9655	268	8	enterprises	enterprise	NOUN
easat-9655	268	9	,	,	PUNCT
easat-9655	268	10	such	such	ADJ
easat-9655	268	11	as	as	ADP
easat-9655	268	12	the	the	DET
easat-9655	268	13	science	science	NOUN
easat-9655	268	14	and	and	CCONJ
easat-9655	268	15	technology	technology	NOUN
easat-9655	268	16	innovation	innovation	NOUN
easat-9655	268	17	board	board	NOUN
easat-9655	268	18	,	,	PUNCT
easat-9655	268	19	to	to	PART
easat-9655	268	20	provide	provide	VERB
easat-9655	268	21	low	low	ADJ
easat-9655	268	22	-	-	PUNCT
easat-9655	268	23	cost	cost	NOUN
easat-9655	268	24	financing	financing	NOUN
easat-9655	268	25	support	support	NOUN
easat-9655	268	26	.	.	PUNCT
easat-9655	269	1	6.3	6.3	NUM
easat-9655	269	2	.	.	PUNCT
easat-9655	270	1	practical	practical	ADJ
easat-9655	270	2	suggestions	suggestion	NOUN
easat-9655	270	3	for	for	ADP
easat-9655	270	4	business	business	NOUN
easat-9655	270	5	managers	manager	NOUN
easat-9655	270	6	6.3.1	6.3.1	NUM
easat-9655	270	7	.	.	PUNCT
easat-9655	270	8	deeply	deeply	ADV
easat-9655	270	9	integrate	integrate	VERB
easat-9655	270	10	innovation	innovation	NOUN
easat-9655	270	11	strategy	strategy	NOUN
easat-9655	270	12	with	with	ADP
easat-9655	270	13	digital	digital	ADJ
easat-9655	270	14	investment	investment	NOUN
easat-9655	270	15	•	•	SCONJ
easat-9655	270	16	adopt	adopt	VERB
easat-9655	270	17	big	big	ADJ
easat-9655	270	18	data	datum	NOUN
easat-9655	270	19	analysis	analysis	NOUN
easat-9655	270	20	to	to	PART
easat-9655	270	21	optimise	optimise	VERB
easat-9655	270	22	the	the	DET
easat-9655	270	23	direction	direction	NOUN
easat-9655	270	24	of	of	ADP
easat-9655	270	25	r&d	r&d	NOUN
easat-9655	270	26	and	and	CCONJ
easat-9655	270	27	improve	improve	VERB
easat-9655	270	28	the	the	DET
easat-9655	270	29	success	success	NOUN
easat-9655	270	30	rate	rate	NOUN
easat-9655	270	31	of	of	ADP
easat-9655	270	32	innovation	innovation	NOUN
easat-9655	270	33	.	.	PUNCT
easat-9655	271	1	•	•	NUM
easat-9655	271	2	use	use	VERB
easat-9655	271	3	artificial	artificial	ADJ
easat-9655	271	4	intelligence	intelligence	NOUN
easat-9655	271	5	to	to	PART
easat-9655	271	6	accelerate	accelerate	VERB
easat-9655	271	7	product	product	NOUN
easat-9655	271	8	development	development	NOUN
easat-9655	271	9	and	and	CCONJ
easat-9655	271	10	improve	improve	VERB
easat-9655	271	11	market	market	NOUN
easat-9655	271	12	responsiveness	responsiveness	NOUN
easat-9655	271	13	.	.	PUNCT
easat-9655	272	1	1594	1594	NUM
easat-9655	272	2	edelweiss	edelweiss	PROPN
easat-9655	272	3	applied	apply	VERB
easat-9655	272	4	science	science	NOUN
easat-9655	272	5	and	and	CCONJ
easat-9655	272	6	technology	technology	NOUN
easat-9655	272	7	issn	issn	PROPN
easat-9655	272	8	:	:	PUNCT
easat-9655	272	9	2576	2576	NUM
easat-9655	272	10	-	-	SYM
easat-9655	272	11	8484	8484	NUM
easat-9655	272	12	vol	vol	NOUN
easat-9655	272	13	.	.	PROPN
easat-9655	273	1	9	9	NUM
easat-9655	273	2	,	,	PUNCT
easat-9655	273	3	no	no	INTJ
easat-9655	273	4	.	.	NOUN
easat-9655	273	5	8	8	NUM
easat-9655	273	6	:	:	SYM
easat-9655	273	7	1580	1580	NUM
easat-9655	273	8	-	-	SYM
easat-9655	273	9	1595	1595	NUM
easat-9655	273	10	,	,	PUNCT
easat-9655	273	11	2025	2025	NUM
easat-9655	273	12	doi	doi	NOUN
easat-9655	273	13	:	:	PUNCT
easat-9655	273	14	10.55214/2576	10.55214/2576	NUM
easat-9655	273	15	-	-	PUNCT
easat-9655	273	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	274	1	©	©	ADP
easat-9655	274	2	2025	2025	NUM
easat-9655	274	3	by	by	ADP
easat-9655	274	4	the	the	DET
easat-9655	274	5	authors	author	NOUN
easat-9655	274	6	;	;	PUNCT
easat-9655	274	7	licensee	licensee	PROPN
easat-9655	274	8	learning	learn	VERB
easat-9655	274	9	gate	gate	NOUN
easat-9655	274	10	6.3.2	6.3.2	PROPN
easat-9655	274	11	.	.	PUNCT
easat-9655	275	1	optimise	optimise	ADJ
easat-9655	275	2	innovation	innovation	NOUN
easat-9655	275	3	management	management	NOUN
easat-9655	275	4	for	for	ADP
easat-9655	275	5	enterprise	enterprise	NOUN
easat-9655	275	6	scale	scale	NOUN
easat-9655	275	7	•	•	ADP
easat-9655	275	8	large	large	ADJ
easat-9655	275	9	enterprises	enterprise	NOUN
easat-9655	275	10	:	:	PUNCT
easat-9655	275	11	strengthen	strengthen	VERB
easat-9655	275	12	cross	cross	ADJ
easat-9655	275	13	-	-	ADJ
easat-9655	275	14	functional	functional	ADJ
easat-9655	275	15	collaboration	collaboration	NOUN
easat-9655	275	16	and	and	CCONJ
easat-9655	275	17	improve	improve	VERB
easat-9655	275	18	the	the	DET
easat-9655	275	19	efficiency	efficiency	NOUN
easat-9655	275	20	of	of	ADP
easat-9655	275	21	innovation	innovation	NOUN
easat-9655	275	22	results	result	NOUN
easat-9655	275	23	.	.	PUNCT
easat-9655	276	1	•	•	NOUN
easat-9655	276	2	small	small	ADJ
easat-9655	276	3	and	and	CCONJ
easat-9655	276	4	medium	medium	ADJ
easat-9655	276	5	-	-	PUNCT
easat-9655	276	6	sized	sized	ADJ
easat-9655	276	7	enterprises	enterprise	NOUN
easat-9655	276	8	:	:	PUNCT
easat-9655	276	9	make	make	VERB
easat-9655	276	10	use	use	NOUN
easat-9655	276	11	of	of	ADP
easat-9655	276	12	external	external	ADJ
easat-9655	276	13	resources	resource	NOUN
easat-9655	276	14	(	(	PUNCT
easat-9655	276	15	such	such	ADJ
easat-9655	276	16	as	as	ADP
easat-9655	276	17	open	open	ADJ
easat-9655	276	18	innovation	innovation	NOUN
easat-9655	276	19	platforms	platform	NOUN
easat-9655	276	20	)	)	PUNCT
easat-9655	276	21	to	to	PART
easat-9655	276	22	compensate	compensate	VERB
easat-9655	276	23	for	for	ADP
easat-9655	276	24	their	their	PRON
easat-9655	276	25	own	own	ADJ
easat-9655	276	26	lack	lack	NOUN
easat-9655	276	27	of	of	ADP
easat-9655	276	28	resources	resource	NOUN
easat-9655	276	29	.	.	PUNCT
easat-9655	277	1	6.4	6.4	NUM
easat-9655	277	2	.	.	PUNCT
easat-9655	278	1	policy	policy	NOUN
easat-9655	278	2	recommendations	recommendation	NOUN
easat-9655	278	3	6.4.1	6.4.1	NUM
easat-9655	278	4	.	.	PUNCT
easat-9655	278	5	encourage	encourage	VERB
easat-9655	278	6	long	long	ADJ
easat-9655	278	7	-	-	PUNCT
easat-9655	278	8	term	term	NOUN
easat-9655	278	9	investment	investment	NOUN
easat-9655	278	10	in	in	ADP
easat-9655	278	11	innovation	innovation	NOUN
easat-9655	278	12	•	•	SCONJ
easat-9655	278	13	provide	provide	VERB
easat-9655	278	14	tax	tax	NOUN
easat-9655	278	15	incentives	incentive	NOUN
easat-9655	278	16	to	to	PART
easat-9655	278	17	reduce	reduce	VERB
easat-9655	278	18	innovation	innovation	NOUN
easat-9655	278	19	costs	cost	NOUN
easat-9655	278	20	.	.	PUNCT
easat-9655	279	1	•	•	NUM
easat-9655	279	2	set	set	VERB
easat-9655	279	3	up	up	ADP
easat-9655	279	4	special	special	ADJ
easat-9655	279	5	innovation	innovation	NOUN
easat-9655	279	6	funds	fund	NOUN
easat-9655	279	7	and	and	CCONJ
easat-9655	279	8	provide	provide	VERB
easat-9655	279	9	low	low	ADJ
easat-9655	279	10	-	-	PUNCT
easat-9655	279	11	interest	interest	NOUN
easat-9655	279	12	loans	loan	NOUN
easat-9655	279	13	to	to	ADP
easat-9655	279	14	enterprises	enterprise	NOUN
easat-9655	279	15	.	.	PUNCT
easat-9655	280	1	6.4.2	6.4.2	X
easat-9655	280	2	.	.	PUNCT
easat-9655	281	1	strengthen	strengthen	VERB
easat-9655	281	2	policy	policy	NOUN
easat-9655	281	3	support	support	NOUN
easat-9655	281	4	for	for	ADP
easat-9655	281	5	enterprise	enterprise	NOUN
easat-9655	281	6	digital	digital	ADJ
easat-9655	281	7	transformation	transformation	NOUN
easat-9655	281	8	•	•	NOUN
easat-9655	281	9	promote	promote	VERB
easat-9655	281	10	the	the	DET
easat-9655	281	11	construction	construction	NOUN
easat-9655	281	12	of	of	ADP
easat-9655	281	13	5	5	NUM
easat-9655	281	14	g	g	NOUN
easat-9655	281	15	and	and	CCONJ
easat-9655	281	16	cloud	cloud	NOUN
easat-9655	281	17	computing	computing	NOUN
easat-9655	281	18	infrastructure	infrastructure	NOUN
easat-9655	281	19	.	.	PUNCT
easat-9655	282	1	•	•	NUM
easat-9655	282	2	provide	provide	VERB
easat-9655	282	3	digital	digital	ADJ
easat-9655	282	4	skills	skill	NOUN
easat-9655	282	5	training	training	NOUN
easat-9655	282	6	to	to	PART
easat-9655	282	7	optimise	optimise	VERB
easat-9655	282	8	enterprise	enterprise	NOUN
easat-9655	282	9	innovation	innovation	NOUN
easat-9655	282	10	management	management	NOUN
easat-9655	282	11	.	.	PUNCT
easat-9655	283	1	6.4.3	6.4.3	X
easat-9655	283	2	.	.	PUNCT
easat-9655	283	3	optimising	optimise	VERB
easat-9655	283	4	financial	financial	ADJ
easat-9655	283	5	market	market	NOUN
easat-9655	283	6	support	support	NOUN
easat-9655	283	7	for	for	ADP
easat-9655	283	8	innovative	innovative	ADJ
easat-9655	283	9	enterprises	enterprise	NOUN
easat-9655	283	10	•	•	ADV
easat-9655	283	11	improve	improve	VERB
easat-9655	283	12	intellectual	intellectual	ADJ
easat-9655	283	13	property	property	NOUN
easat-9655	283	14	protection	protection	NOUN
easat-9655	283	15	and	and	CCONJ
easat-9655	283	16	enhance	enhance	VERB
easat-9655	283	17	market	market	NOUN
easat-9655	283	18	recognition	recognition	NOUN
easat-9655	283	19	for	for	ADP
easat-9655	283	20	innovative	innovative	ADJ
easat-9655	283	21	enterprises	enterprise	NOUN
easat-9655	283	22	.	.	PUNCT
easat-9655	284	1	•	•	NUM
easat-9655	284	2	encourage	encourage	VERB
easat-9655	284	3	capital	capital	NOUN
easat-9655	284	4	market	market	NOUN
easat-9655	284	5	support	support	NOUN
easat-9655	284	6	for	for	ADP
easat-9655	284	7	science	science	NOUN
easat-9655	284	8	and	and	CCONJ
easat-9655	284	9	technology	technology	NOUN
easat-9655	284	10	innovative	innovative	ADJ
easat-9655	284	11	enterprises	enterprise	NOUN
easat-9655	284	12	.	.	PUNCT
easat-9655	285	1	transparency	transparency	NOUN
easat-9655	285	2	:	:	PUNCT
easat-9655	285	3	the	the	DET
easat-9655	285	4	authors	author	NOUN
easat-9655	285	5	confirm	confirm	VERB
easat-9655	285	6	that	that	SCONJ
easat-9655	285	7	the	the	DET
easat-9655	285	8	manuscript	manuscript	NOUN
easat-9655	285	9	is	be	AUX
easat-9655	285	10	an	an	DET
easat-9655	285	11	honest	honest	ADJ
easat-9655	285	12	,	,	PUNCT
easat-9655	285	13	accurate	accurate	ADJ
easat-9655	285	14	,	,	PUNCT
easat-9655	285	15	and	and	CCONJ
easat-9655	285	16	transparent	transparent	ADJ
easat-9655	285	17	account	account	NOUN
easat-9655	285	18	of	of	ADP
easat-9655	285	19	the	the	DET
easat-9655	285	20	study	study	NOUN
easat-9655	285	21	;	;	PUNCT
easat-9655	285	22	that	that	SCONJ
easat-9655	285	23	no	no	DET
easat-9655	285	24	vital	vital	ADJ
easat-9655	285	25	features	feature	NOUN
easat-9655	285	26	of	of	ADP
easat-9655	285	27	the	the	DET
easat-9655	285	28	study	study	NOUN
easat-9655	285	29	have	have	AUX
easat-9655	285	30	been	be	AUX
easat-9655	285	31	omitted	omit	VERB
easat-9655	285	32	;	;	PUNCT
easat-9655	285	33	and	and	CCONJ
easat-9655	285	34	that	that	SCONJ
easat-9655	285	35	any	any	DET
easat-9655	285	36	discrepancies	discrepancy	NOUN
easat-9655	285	37	from	from	ADP
easat-9655	285	38	the	the	DET
easat-9655	285	39	study	study	NOUN
easat-9655	285	40	as	as	SCONJ
easat-9655	285	41	planned	plan	VERB
easat-9655	285	42	have	have	AUX
easat-9655	285	43	been	be	AUX
easat-9655	285	44	explained	explain	VERB
easat-9655	285	45	.	.	PUNCT
easat-9655	286	1	this	this	DET
easat-9655	286	2	study	study	NOUN
easat-9655	286	3	followed	follow	VERB
easat-9655	286	4	all	all	DET
easat-9655	286	5	ethical	ethical	ADJ
easat-9655	286	6	practices	practice	NOUN
easat-9655	286	7	during	during	ADP
easat-9655	286	8	writing	writing	NOUN
easat-9655	286	9	.	.	PUNCT
easat-9655	287	1	copyright	copyright	NOUN
easat-9655	287	2	:	:	PUNCT
easat-9655	287	3	©	©	PROPN
easat-9655	287	4	2025	2025	NUM
easat-9655	287	5	by	by	ADP
easat-9655	287	6	the	the	DET
easat-9655	287	7	authors	author	NOUN
easat-9655	287	8	.	.	PUNCT
easat-9655	288	1	this	this	DET
easat-9655	288	2	open	open	ADJ
easat-9655	288	3	-	-	PUNCT
easat-9655	288	4	access	access	NOUN
easat-9655	288	5	article	article	NOUN
easat-9655	288	6	is	be	AUX
easat-9655	288	7	distributed	distribute	VERB
easat-9655	288	8	under	under	ADP
easat-9655	288	9	the	the	DET
easat-9655	288	10	terms	term	NOUN
easat-9655	288	11	and	and	CCONJ
easat-9655	288	12	conditions	condition	NOUN
easat-9655	288	13	of	of	ADP
easat-9655	288	14	the	the	DET
easat-9655	288	15	creative	creative	ADJ
easat-9655	288	16	commons	common	NOUN
easat-9655	288	17	attribution	attribution	NOUN
easat-9655	288	18	(	(	PUNCT
easat-9655	288	19	cc	cc	NOUN
easat-9655	288	20	by	by	ADP
easat-9655	288	21	)	)	PUNCT
easat-9655	288	22	license	license	NOUN
easat-9655	288	23	(	(	PUNCT
easat-9655	288	24	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-9655	288	25	)	)	PUNCT
easat-9655	288	26	.	.	PUNCT
easat-9655	289	1	references	reference	NOUN
easat-9655	289	2	[	[	X
easat-9655	289	3	1	1	X
easat-9655	289	4	]	]	PUNCT
easat-9655	289	5	d.	d.	PROPN
easat-9655	289	6	j.	j.	PROPN
easat-9655	289	7	teece	teece	PROPN
easat-9655	289	8	,	,	PUNCT
easat-9655	289	9	g.	g.	PROPN
easat-9655	289	10	pisano	pisano	PROPN
easat-9655	289	11	,	,	PUNCT
easat-9655	289	12	and	and	CCONJ
easat-9655	289	13	a.	a.	NOUN
easat-9655	289	14	shuen	shuen	NOUN
easat-9655	289	15	,	,	PUNCT
easat-9655	289	16	"	"	PUNCT
easat-9655	289	17	dynamic	dynamic	ADJ
easat-9655	289	18	capabilities	capability	NOUN
easat-9655	289	19	and	and	CCONJ
easat-9655	289	20	strategic	strategic	ADJ
easat-9655	289	21	management	management	NOUN
easat-9655	289	22	,	,	PUNCT
easat-9655	289	23	"	"	PUNCT
easat-9655	289	24	strategic	strategic	ADJ
easat-9655	289	25	management	management	NOUN
easat-9655	289	26	journal	journal	NOUN
easat-9655	289	27	,	,	PUNCT
easat-9655	289	28	vol	vol	NOUN
easat-9655	289	29	.	.	PROPN
easat-9655	289	30	18	18	NUM
easat-9655	289	31	,	,	PUNCT
easat-9655	289	32	no	no	INTJ
easat-9655	289	33	.	.	NOUN
easat-9655	289	34	7	7	NUM
easat-9655	289	35	,	,	PUNCT
easat-9655	289	36	pp	pp	ADJ
easat-9655	289	37	.	.	PUNCT
easat-9655	290	1	509	509	NUM
easat-9655	290	2	-	-	SYM
easat-9655	290	3	533	533	NUM
easat-9655	290	4	,	,	PUNCT
easat-9655	290	5	1997	1997	NUM
easat-9655	290	6	.	.	PUNCT
easat-9655	291	1	[	[	X
easat-9655	291	2	2	2	X
easat-9655	291	3	]	]	PUNCT
easat-9655	291	4	h.	h.	PROPN
easat-9655	291	5	w.	w.	PROPN
easat-9655	291	6	chesbrough	chesbrough	PROPN
easat-9655	291	7	,	,	PUNCT
easat-9655	291	8	open	open	ADJ
easat-9655	291	9	innovation	innovation	NOUN
easat-9655	291	10	results	result	NOUN
easat-9655	291	11	:	:	PUNCT
easat-9655	291	12	going	go	VERB
easat-9655	291	13	beyond	beyond	ADP
easat-9655	291	14	the	the	DET
easat-9655	291	15	hype	hype	NOUN
easat-9655	291	16	and	and	CCONJ
easat-9655	291	17	getting	get	VERB
easat-9655	291	18	down	down	ADP
easat-9655	291	19	to	to	ADP
easat-9655	291	20	business	business	NOUN
easat-9655	291	21	.	.	PUNCT
easat-9655	292	1	oxford	oxford	PROPN
easat-9655	292	2	,	,	PUNCT
easat-9655	292	3	england	england	PROPN
easat-9655	292	4	:	:	PUNCT
easat-9655	292	5	oxford	oxford	PROPN
easat-9655	292	6	university	university	PROPN
easat-9655	292	7	press	press	NOUN
easat-9655	292	8	,	,	PUNCT
easat-9655	292	9	2019	2019	NUM
easat-9655	292	10	.	.	PUNCT
easat-9655	293	1	https://doi.org/10.1093/oso/9780198841906.001.0001	https://doi.org/10.1093/oso/9780198841906.001.0001	X
easat-9655	294	1	[	[	X
easat-9655	294	2	3	3	X
easat-9655	294	3	]	]	X
easat-9655	294	4	e.	e.	PROPN
easat-9655	294	5	brynjolfsson	brynjolfsson	PROPN
easat-9655	294	6	and	and	CCONJ
easat-9655	294	7	a.	a.	NOUN
easat-9655	294	8	mcafee	mcafee	NOUN
easat-9655	294	9	,	,	PUNCT
easat-9655	294	10	the	the	DET
easat-9655	294	11	second	second	ADJ
easat-9655	294	12	machine	machine	NOUN
easat-9655	294	13	age	age	NOUN
easat-9655	294	14	:	:	PUNCT
easat-9655	294	15	work	work	NOUN
easat-9655	294	16	,	,	PUNCT
easat-9655	294	17	progress	progress	NOUN
easat-9655	294	18	,	,	PUNCT
easat-9655	294	19	and	and	CCONJ
easat-9655	294	20	prosperity	prosperity	NOUN
easat-9655	294	21	in	in	ADP
easat-9655	294	22	a	a	DET
easat-9655	294	23	time	time	NOUN
easat-9655	294	24	of	of	ADP
easat-9655	294	25	brilliant	brilliant	ADJ
easat-9655	294	26	technologies	technology	NOUN
easat-9655	294	27	,	,	PUNCT
easat-9655	294	28	1st	1st	ADJ
easat-9655	294	29	ed	ed	NOUN
easat-9655	294	30	.	.	PUNCT
easat-9655	295	1	new	new	PROPN
easat-9655	295	2	york	york	PROPN
easat-9655	295	3	:	:	PUNCT
easat-9655	296	1	w.	w.	PROPN
easat-9655	296	2	 	 	SPACE
easat-9655	296	3	w.	w.	PROPN
easat-9655	296	4	 	 	SPACE
easat-9655	296	5	norton	norton	PROPN
easat-9655	296	6	&	&	CCONJ
easat-9655	296	7	company	company	PROPN
easat-9655	296	8	,	,	PUNCT
easat-9655	296	9	2014	2014	NUM
easat-9655	296	10	.	.	PUNCT
easat-9655	297	1	[	[	X
easat-9655	297	2	4	4	X
easat-9655	297	3	]	]	X
easat-9655	297	4	g.	g.	NOUN
easat-9655	297	5	ranis	ranis	PROPN
easat-9655	297	6	and	and	CCONJ
easat-9655	297	7	c.	c.	PROPN
easat-9655	297	8	h.	h.	PROPN
easat-9655	297	9	f.	f.	PROPN
easat-9655	297	10	john	john	PROPN
easat-9655	297	11	,	,	PUNCT
easat-9655	297	12	"	"	PUNCT
easat-9655	297	13	a	a	DET
easat-9655	297	14	theory	theory	NOUN
easat-9655	297	15	of	of	ADP
easat-9655	297	16	economic	economic	ADJ
easat-9655	297	17	development	development	NOUN
easat-9655	297	18	,	,	PUNCT
easat-9655	297	19	"	"	PUNCT
easat-9655	297	20	the	the	DET
easat-9655	297	21	american	american	PROPN
easat-9655	297	22	economic	economic	PROPN
easat-9655	297	23	review	review	PROPN
easat-9655	297	24	,	,	PUNCT
easat-9655	297	25	vol	vol	NOUN
easat-9655	297	26	.	.	PROPN
easat-9655	298	1	51	51	NUM
easat-9655	298	2	,	,	PUNCT
easat-9655	298	3	no	no	INTJ
easat-9655	298	4	.	.	NOUN
easat-9655	298	5	4	4	NUM
easat-9655	298	6	,	,	PUNCT
easat-9655	298	7	pp	pp	ADJ
easat-9655	298	8	.	.	PUNCT
easat-9655	299	1	533–565	533–565	NUM
easat-9655	299	2	,	,	PUNCT
easat-9655	299	3	1961	1961	NUM
easat-9655	299	4	.	.	PUNCT
easat-9655	300	1	[	[	X
easat-9655	300	2	5	5	NUM
easat-9655	300	3	]	]	PUNCT
easat-9655	300	4	m.	m.	NOUN
easat-9655	300	5	e.	e.	PROPN
easat-9655	300	6	porter	porter	PROPN
easat-9655	300	7	and	and	CCONJ
easat-9655	300	8	j.	j.	PROPN
easat-9655	300	9	e.	e.	PROPN
easat-9655	300	10	heppelmann	heppelmann	PROPN
easat-9655	300	11	,	,	PUNCT
easat-9655	300	12	"	"	PUNCT
easat-9655	300	13	how	how	SCONJ
easat-9655	300	14	smart	smart	ADJ
easat-9655	300	15	,	,	PUNCT
easat-9655	300	16	connected	connected	ADJ
easat-9655	300	17	products	product	NOUN
easat-9655	300	18	are	be	AUX
easat-9655	300	19	transforming	transform	VERB
easat-9655	300	20	companies	company	NOUN
easat-9655	300	21	,	,	PUNCT
easat-9655	300	22	"	"	PUNCT
easat-9655	300	23	harvard	harvard	PROPN
easat-9655	300	24	business	business	PROPN
easat-9655	300	25	review	review	PROPN
easat-9655	300	26	,	,	PUNCT
easat-9655	300	27	vol	vol	NOUN
easat-9655	300	28	.	.	PROPN
easat-9655	301	1	93	93	NUM
easat-9655	301	2	,	,	PUNCT
easat-9655	301	3	no	no	INTJ
easat-9655	301	4	.	.	NOUN
easat-9655	301	5	10	10	NUM
easat-9655	301	6	,	,	PUNCT
easat-9655	301	7	pp	pp	ADJ
easat-9655	301	8	.	.	PUNCT
easat-9655	302	1	96	96	NUM
easat-9655	302	2	-	-	SYM
easat-9655	302	3	114	114	NUM
easat-9655	302	4	,	,	PUNCT
easat-9655	302	5	2015	2015	NUM
easat-9655	302	6	.	.	PUNCT
easat-9655	303	1	[	[	X
easat-9655	303	2	6	6	NUM
easat-9655	303	3	]	]	PUNCT
easat-9655	303	4	r.	r.	PROPN
easat-9655	303	5	g.	g.	PROPN
easat-9655	303	6	fichman	fichman	PROPN
easat-9655	303	7	,	,	PUNCT
easat-9655	303	8	b.	b.	PROPN
easat-9655	303	9	l.	l.	PROPN
easat-9655	303	10	dos	dos	PROPN
easat-9655	303	11	santos	santos	PROPN
easat-9655	303	12	,	,	PUNCT
easat-9655	303	13	and	and	CCONJ
easat-9655	303	14	z.	z.	PROPN
easat-9655	303	15	zheng	zheng	PROPN
easat-9655	303	16	,	,	PUNCT
easat-9655	303	17	"	"	PUNCT
easat-9655	303	18	digital	digital	ADJ
easat-9655	303	19	innovation	innovation	NOUN
easat-9655	303	20	as	as	ADP
easat-9655	303	21	a	a	DET
easat-9655	303	22	fundamental	fundamental	ADJ
easat-9655	303	23	and	and	CCONJ
easat-9655	303	24	powerful	powerful	ADJ
easat-9655	303	25	concept	concept	NOUN
easat-9655	303	26	in	in	ADP
easat-9655	303	27	the	the	DET
easat-9655	303	28	information	information	NOUN
easat-9655	303	29	systems	system	NOUN
easat-9655	303	30	curriculum	curriculum	NOUN
easat-9655	303	31	,	,	PUNCT
easat-9655	303	32	"	"	PUNCT
easat-9655	303	33	mis	mis	PROPN
easat-9655	303	34	quarterly	quarterly	ADJ
easat-9655	303	35	,	,	PUNCT
easat-9655	303	36	vol	vol	NOUN
easat-9655	303	37	.	.	PROPN
easat-9655	303	38	38	38	NUM
easat-9655	303	39	,	,	PUNCT
easat-9655	303	40	no	no	INTJ
easat-9655	303	41	.	.	NOUN
easat-9655	303	42	2	2	NUM
easat-9655	303	43	,	,	PUNCT
easat-9655	303	44	pp	pp	ADJ
easat-9655	303	45	.	.	PUNCT
easat-9655	303	46	329	329	NUM
easat-9655	303	47	-	-	PUNCT
easat-9655	303	48	a15	a15	NOUN
easat-9655	303	49	,	,	PUNCT
easat-9655	303	50	2014	2014	NUM
easat-9655	303	51	.	.	PUNCT
easat-9655	304	1	[	[	X
easat-9655	304	2	7	7	X
easat-9655	304	3	]	]	PUNCT
easat-9655	304	4	t.	t.	PROPN
easat-9655	304	5	h.	h.	PROPN
easat-9655	304	6	davenport	davenport	PROPN
easat-9655	304	7	and	and	CCONJ
easat-9655	304	8	r.	r.	PROPN
easat-9655	304	9	ronanki	ronanki	PROPN
easat-9655	304	10	,	,	PUNCT
easat-9655	304	11	"	"	PUNCT
easat-9655	304	12	artificial	artificial	ADJ
easat-9655	304	13	intelligence	intelligence	NOUN
easat-9655	304	14	for	for	ADP
easat-9655	304	15	the	the	DET
easat-9655	304	16	real	real	ADJ
easat-9655	304	17	world	world	NOUN
easat-9655	304	18	,	,	PUNCT
easat-9655	304	19	"	"	PUNCT
easat-9655	304	20	harvard	harvard	PROPN
easat-9655	304	21	business	business	PROPN
easat-9655	304	22	review	review	PROPN
easat-9655	304	23	,	,	PUNCT
easat-9655	304	24	vol	vol	NOUN
easat-9655	304	25	.	.	PROPN
easat-9655	305	1	96	96	NUM
easat-9655	305	2	,	,	PUNCT
easat-9655	305	3	no	no	INTJ
easat-9655	305	4	.	.	NOUN
easat-9655	305	5	1	1	NUM
easat-9655	305	6	,	,	PUNCT
easat-9655	305	7	pp	pp	ADJ
easat-9655	305	8	.	.	PUNCT
easat-9655	306	1	108	108	NUM
easat-9655	306	2	-	-	SYM
easat-9655	306	3	116	116	NUM
easat-9655	306	4	,	,	PUNCT
easat-9655	306	5	2018	2018	NUM
easat-9655	306	6	.	.	PUNCT
easat-9655	307	1	[	[	X
easat-9655	307	2	8	8	NUM
easat-9655	307	3	]	]	PUNCT
easat-9655	307	4	m.	m.	NOUN
easat-9655	307	5	xu	xu	PROPN
easat-9655	307	6	,	,	PUNCT
easat-9655	307	7	j.	j.	PROPN
easat-9655	307	8	m.	m.	PROPN
easat-9655	307	9	david	david	PROPN
easat-9655	307	10	,	,	PUNCT
easat-9655	307	11	and	and	CCONJ
easat-9655	307	12	s.	s.	PROPN
easat-9655	307	13	h.	h.	PROPN
easat-9655	307	14	kim	kim	PROPN
easat-9655	307	15	,	,	PUNCT
easat-9655	307	16	"	"	PUNCT
easat-9655	307	17	the	the	DET
easat-9655	307	18	fourth	fourth	ADJ
easat-9655	307	19	industrial	industrial	ADJ
easat-9655	307	20	revolution	revolution	NOUN
easat-9655	307	21	:	:	PUNCT
easat-9655	307	22	opportunities	opportunity	NOUN
easat-9655	307	23	and	and	CCONJ
easat-9655	307	24	challenges	challenge	NOUN
easat-9655	307	25	,	,	PUNCT
easat-9655	307	26	"	"	PUNCT
easat-9655	307	27	international	international	ADJ
easat-9655	307	28	journal	journal	NOUN
easat-9655	307	29	of	of	ADP
easat-9655	307	30	financial	financial	ADJ
easat-9655	307	31	research	research	NOUN
easat-9655	307	32	,	,	PUNCT
easat-9655	307	33	vol	vol	NOUN
easat-9655	307	34	.	.	PROPN
easat-9655	307	35	9	9	NUM
easat-9655	307	36	,	,	PUNCT
easat-9655	307	37	no	no	INTJ
easat-9655	307	38	.	.	NOUN
easat-9655	307	39	2	2	NUM
easat-9655	307	40	,	,	PUNCT
easat-9655	307	41	pp	pp	ADJ
easat-9655	307	42	.	.	PUNCT
easat-9655	308	1	90	90	NUM
easat-9655	308	2	-	-	SYM
easat-9655	308	3	95	95	NUM
easat-9655	308	4	,	,	PUNCT
easat-9655	308	5	2018	2018	NUM
easat-9655	308	6	.	.	PUNCT
easat-9655	309	1	[	[	X
easat-9655	309	2	9	9	X
easat-9655	309	3	]	]	PUNCT
easat-9655	309	4	j.	j.	PROPN
easat-9655	309	5	bughin	bughin	PROPN
easat-9655	309	6	,	,	PUNCT
easat-9655	309	7	l.	l.	PROPN
easat-9655	309	8	laberge	laberge	PROPN
easat-9655	309	9	,	,	PUNCT
easat-9655	309	10	and	and	CCONJ
easat-9655	309	11	a.	a.	NOUN
easat-9655	309	12	mellbye	mellbye	PROPN
easat-9655	309	13	,	,	PUNCT
easat-9655	309	14	"	"	PUNCT
easat-9655	309	15	the	the	DET
easat-9655	309	16	case	case	NOUN
easat-9655	309	17	for	for	ADP
easat-9655	309	18	digital	digital	ADJ
easat-9655	309	19	reinvention	reinvention	NOUN
easat-9655	309	20	,	,	PUNCT
easat-9655	309	21	"	"	PUNCT
easat-9655	309	22	mckinsey	mckinsey	NOUN
easat-9655	309	23	quarterly	quarterly	ADJ
easat-9655	309	24	,	,	PUNCT
easat-9655	309	25	vol	vol	NOUN
easat-9655	309	26	.	.	PROPN
easat-9655	309	27	2	2	NUM
easat-9655	309	28	,	,	PUNCT
easat-9655	309	29	no	no	INTJ
easat-9655	309	30	.	.	NOUN
easat-9655	309	31	1	1	NUM
easat-9655	309	32	,	,	PUNCT
easat-9655	309	33	pp	pp	ADJ
easat-9655	309	34	.	.	PUNCT
easat-9655	310	1	1	1	NUM
easat-9655	310	2	-	-	SYM
easat-9655	310	3	15	15	NUM
easat-9655	310	4	,	,	PUNCT
easat-9655	310	5	2017	2017	NUM
easat-9655	310	6	.	.	PUNCT
easat-9655	311	1	[	[	X
easat-9655	311	2	10	10	NUM
easat-9655	311	3	]	]	X
easat-9655	311	4	s.	s.	PROPN
easat-9655	311	5	elliot	elliot	PROPN
easat-9655	311	6	,	,	PUNCT
easat-9655	311	7	m.	m.	PROPN
easat-9655	311	8	mccann	mccann	PROPN
easat-9655	311	9	,	,	PUNCT
easat-9655	311	10	and	and	CCONJ
easat-9655	311	11	k.	k.	PROPN
easat-9655	311	12	manley	manley	PROPN
easat-9655	311	13	,	,	PUNCT
easat-9655	311	14	"	"	PUNCT
easat-9655	311	15	disruptive	disruptive	ADJ
easat-9655	311	16	transformation	transformation	NOUN
easat-9655	311	17	of	of	ADP
easat-9655	311	18	enterprise	enterprise	NOUN
easat-9655	311	19	supply	supply	NOUN
easat-9655	311	20	chain	chain	NOUN
easat-9655	311	21	performance	performance	NOUN
easat-9655	311	22	through	through	ADP
easat-9655	311	23	strategic	strategic	ADJ
easat-9655	311	24	technology	technology	NOUN
easat-9655	311	25	-	-	PUNCT
easat-9655	311	26	enabled	enable	VERB
easat-9655	311	27	networking	networking	NOUN
easat-9655	311	28	to	to	PART
easat-9655	311	29	improve	improve	VERB
easat-9655	311	30	business	business	NOUN
easat-9655	311	31	value	value	NOUN
easat-9655	311	32	,	,	PUNCT
easat-9655	311	33	"	"	PUNCT
easat-9655	311	34	arxiv	arxiv	PROPN
easat-9655	311	35	preprint	preprint	PROPN
easat-9655	311	36	arxiv:1606.03541	arxiv:1606.03541	ADP
easat-9655	311	37	,	,	PUNCT
easat-9655	311	38	2016	2016	NUM
easat-9655	311	39	.	.	PUNCT
easat-9655	312	1	[	[	X
easat-9655	312	2	11	11	NUM
easat-9655	312	3	]	]	PUNCT
easat-9655	312	4	j.	j.	PROPN
easat-9655	312	5	c.	c.	PROPN
easat-9655	312	6	franceli	franceli	PROPN
easat-9655	312	7	and	and	CCONJ
easat-9655	312	8	s.	s.	PROPN
easat-9655	312	9	n.	n.	PROPN
easat-9655	312	10	z.	z.	PROPN
easat-9655	312	11	turri	turri	PROPN
easat-9655	312	12	,	,	PUNCT
easat-9655	312	13	"	"	PUNCT
easat-9655	312	14	adoption	adoption	NOUN
easat-9655	312	15	factors	factor	NOUN
easat-9655	312	16	of	of	ADP
easat-9655	312	17	enabling	enable	VERB
easat-9655	312	18	i4	i4	PROPN
easat-9655	312	19	.	.	PUNCT
easat-9655	312	20	0	0	NUM
easat-9655	312	21	technologies	technology	NOUN
easat-9655	312	22	and	and	CCONJ
easat-9655	312	23	benefits	benefit	NOUN
easat-9655	312	24	in	in	ADP
easat-9655	312	25	the	the	DET
easat-9655	312	26	supply	supply	NOUN
easat-9655	312	27	chain	chain	NOUN
easat-9655	312	28	,	,	PUNCT
easat-9655	312	29	"	"	PUNCT
easat-9655	312	30	arxiv	arxiv	PROPN
easat-9655	312	31	preprint	preprint	NOUN
easat-9655	312	32	arxiv:2108.01207	arxiv:2108.01207	NOUN
easat-9655	312	33	,	,	PUNCT
easat-9655	312	34	2021	2021	NUM
easat-9655	312	35	.	.	PUNCT
easat-9655	313	1	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-9655	313	2	https://doi.org/10.1093/oso/9780198841906.001.0001	https://doi.org/10.1093/oso/9780198841906.001.0001	X
easat-9655	313	3	1595	1595	NUM
easat-9655	313	4	edelweiss	edelweiss	PROPN
easat-9655	313	5	applied	apply	VERB
easat-9655	313	6	science	science	NOUN
easat-9655	313	7	and	and	CCONJ
easat-9655	313	8	technology	technology	NOUN
easat-9655	313	9	issn	issn	PROPN
easat-9655	313	10	:	:	PUNCT
easat-9655	313	11	2576	2576	NUM
easat-9655	313	12	-	-	SYM
easat-9655	313	13	8484	8484	NUM
easat-9655	313	14	vol	vol	NOUN
easat-9655	313	15	.	.	PROPN
easat-9655	314	1	9	9	NUM
easat-9655	314	2	,	,	PUNCT
easat-9655	314	3	no	no	INTJ
easat-9655	314	4	.	.	NOUN
easat-9655	314	5	8	8	NUM
easat-9655	314	6	:	:	SYM
easat-9655	314	7	1580	1580	NUM
easat-9655	314	8	-	-	SYM
easat-9655	314	9	1595	1595	NUM
easat-9655	314	10	,	,	PUNCT
easat-9655	314	11	2025	2025	NUM
easat-9655	314	12	doi	doi	NOUN
easat-9655	314	13	:	:	PUNCT
easat-9655	314	14	10.55214/2576	10.55214/2576	NUM
easat-9655	314	15	-	-	PUNCT
easat-9655	314	16	8484.v9i8.9655	8484.v9i8.9655	NOUN
easat-9655	315	1	©	©	ADP
easat-9655	315	2	2025	2025	NUM
easat-9655	315	3	by	by	ADP
easat-9655	315	4	the	the	DET
easat-9655	315	5	authors	author	NOUN
easat-9655	315	6	;	;	PUNCT
easat-9655	315	7	licensee	licensee	PROPN
easat-9655	315	8	learning	learning	NOUN
easat-9655	315	9	gate	gate	NOUN
easat-9655	316	1	[	[	X
easat-9655	316	2	12	12	NUM
easat-9655	316	3	]	]	PUNCT
easat-9655	316	4	j.	j.	PROPN
easat-9655	316	5	barney	barney	PROPN
easat-9655	316	6	,	,	PUNCT
easat-9655	316	7	"	"	PUNCT
easat-9655	316	8	firm	firm	ADJ
easat-9655	316	9	resources	resource	NOUN
easat-9655	316	10	and	and	CCONJ
easat-9655	316	11	sustained	sustain	VERB
easat-9655	316	12	competitive	competitive	ADJ
easat-9655	316	13	advantage	advantage	NOUN
easat-9655	316	14	,	,	PUNCT
easat-9655	316	15	"	"	PUNCT
easat-9655	316	16	journal	journal	NOUN
easat-9655	316	17	of	of	ADP
easat-9655	316	18	management	management	NOUN
easat-9655	316	19	,	,	PUNCT
easat-9655	316	20	vol	vol	NOUN
easat-9655	316	21	.	.	PROPN
easat-9655	316	22	17	17	NUM
easat-9655	316	23	,	,	PUNCT
easat-9655	316	24	no	no	INTJ
easat-9655	316	25	.	.	NOUN
easat-9655	316	26	1	1	NUM
easat-9655	316	27	,	,	PUNCT
easat-9655	316	28	pp	pp	ADJ
easat-9655	316	29	.	.	PUNCT
easat-9655	317	1	99	99	NUM
easat-9655	317	2	-	-	SYM
easat-9655	317	3	120	120	NUM
easat-9655	317	4	,	,	PUNCT
easat-9655	317	5	1991	1991	NUM
easat-9655	317	6	.	.	PUNCT
easat-9655	318	1	[	[	X
easat-9655	318	2	13	13	NUM
easat-9655	318	3	]	]	X
easat-9655	318	4	w.	w.	PROPN
easat-9655	318	5	m.	m.	PROPN
easat-9655	318	6	cohen	cohen	PROPN
easat-9655	318	7	and	and	CCONJ
easat-9655	318	8	d.	d.	PROPN
easat-9655	318	9	a.	a.	PROPN
easat-9655	318	10	levinthal	levinthal	PROPN
easat-9655	318	11	,	,	PUNCT
easat-9655	318	12	"	"	PUNCT
easat-9655	318	13	absorptive	absorptive	ADJ
easat-9655	318	14	capacity	capacity	NOUN
easat-9655	318	15	:	:	PUNCT
easat-9655	318	16	a	a	DET
easat-9655	318	17	new	new	ADJ
easat-9655	318	18	perspective	perspective	NOUN
easat-9655	318	19	on	on	ADP
easat-9655	318	20	learning	learning	NOUN
easat-9655	318	21	and	and	CCONJ
easat-9655	318	22	innovation	innovation	NOUN
easat-9655	318	23	,	,	PUNCT
easat-9655	318	24	"	"	PUNCT
easat-9655	318	25	administrative	administrative	ADJ
easat-9655	318	26	science	science	NOUN
easat-9655	318	27	quarterly	quarterly	ADJ
easat-9655	318	28	,	,	PUNCT
easat-9655	318	29	vol	vol	NOUN
easat-9655	318	30	.	.	PROPN
easat-9655	318	31	35	35	NUM
easat-9655	318	32	,	,	PUNCT
easat-9655	318	33	no	no	INTJ
easat-9655	318	34	.	.	NOUN
easat-9655	318	35	1	1	NUM
easat-9655	318	36	,	,	PUNCT
easat-9655	318	37	pp	pp	ADJ
easat-9655	318	38	.	.	PUNCT
easat-9655	318	39	128	128	NUM
easat-9655	318	40	-	-	SYM
easat-9655	318	41	152	152	NUM
easat-9655	318	42	,	,	PUNCT
easat-9655	318	43	1990	1990	NUM
easat-9655	318	44	.	.	PUNCT
easat-9655	319	1	[	[	X
easat-9655	319	2	14	14	NUM
easat-9655	319	3	]	]	X
easat-9655	319	4	s.	s.	PROPN
easat-9655	319	5	nambisan	nambisan	PROPN
easat-9655	319	6	,	,	PUNCT
easat-9655	319	7	k.	k.	PROPN
easat-9655	319	8	lyytinen	lyytinen	PROPN
easat-9655	319	9	,	,	PUNCT
easat-9655	319	10	a.	a.	PROPN
easat-9655	319	11	majchrzak	majchrzak	PROPN
easat-9655	319	12	,	,	PUNCT
easat-9655	319	13	and	and	CCONJ
easat-9655	319	14	m.	m.	NOUN
easat-9655	319	15	song	song	NOUN
easat-9655	319	16	,	,	PUNCT
easat-9655	319	17	"	"	PUNCT
easat-9655	319	18	digital	digital	ADJ
easat-9655	319	19	innovation	innovation	NOUN
easat-9655	319	20	management	management	NOUN
easat-9655	319	21	,	,	PUNCT
easat-9655	319	22	"	"	PUNCT
easat-9655	319	23	mis	mis	PROPN
easat-9655	319	24	quarterly	quarterly	ADJ
easat-9655	319	25	,	,	PUNCT
easat-9655	319	26	vol	vol	NOUN
easat-9655	319	27	.	.	PROPN
easat-9655	319	28	41	41	NUM
easat-9655	319	29	,	,	PUNCT
easat-9655	319	30	no	no	INTJ
easat-9655	319	31	.	.	NOUN
easat-9655	319	32	1	1	NUM
easat-9655	319	33	,	,	PUNCT
easat-9655	319	34	pp	pp	ADJ
easat-9655	319	35	.	.	PUNCT
easat-9655	320	1	223	223	NUM
easat-9655	320	2	-	-	SYM
easat-9655	320	3	238	238	NUM
easat-9655	320	4	,	,	PUNCT
easat-9655	320	5	2017	2017	NUM
easat-9655	320	6	.	.	PUNCT
easat-9655	321	1	[	[	X
easat-9655	321	2	15	15	NUM
easat-9655	321	3	]	]	X
easat-9655	321	4	g.	g.	PROPN
easat-9655	321	5	westerman	westerman	PROPN
easat-9655	321	6	,	,	PUNCT
easat-9655	321	7	d.	d.	PROPN
easat-9655	321	8	bonnet	bonnet	PROPN
easat-9655	321	9	,	,	PUNCT
easat-9655	321	10	and	and	CCONJ
easat-9655	321	11	a.	a.	NOUN
easat-9655	321	12	mcafee	mcafee	NOUN
easat-9655	321	13	,	,	PUNCT
easat-9655	321	14	leading	lead	VERB
easat-9655	321	15	digital	digital	NOUN
easat-9655	321	16	:	:	PUNCT
easat-9655	321	17	turning	turn	VERB
easat-9655	321	18	technology	technology	NOUN
easat-9655	321	19	into	into	ADP
easat-9655	321	20	business	business	NOUN
easat-9655	321	21	transformation	transformation	NOUN
easat-9655	321	22	.	.	PUNCT
easat-9655	322	1	boston	boston	PROPN
easat-9655	322	2	,	,	PUNCT
easat-9655	322	3	ma	ma	PROPN
easat-9655	322	4	:	:	PUNCT
easat-9655	322	5	harvard	harvard	PROPN
easat-9655	322	6	business	business	PROPN
easat-9655	322	7	press	press	PROPN
easat-9655	322	8	,	,	PUNCT
easat-9655	322	9	2014	2014	NUM
easat-9655	322	10	.	.	PUNCT
easat-9655	323	1	[	[	X
easat-9655	323	2	16	16	NUM
easat-9655	323	3	]	]	X
easat-9655	323	4	h.	h.	PROPN
easat-9655	323	5	l.	l.	PROPN
easat-9655	323	6	lee	lee	PROPN
easat-9655	323	7	,	,	PUNCT
easat-9655	323	8	v.	v.	ADP
easat-9655	323	9	padmanabhan	padmanabhan	PROPN
easat-9655	323	10	,	,	PUNCT
easat-9655	323	11	and	and	CCONJ
easat-9655	323	12	s.	s.	PROPN
easat-9655	323	13	whang	whang	PROPN
easat-9655	323	14	,	,	PUNCT
easat-9655	323	15	"	"	PUNCT
easat-9655	323	16	the	the	DET
easat-9655	323	17	bullwhip	bullwhip	NOUN
easat-9655	323	18	effect	effect	NOUN
easat-9655	323	19	in	in	ADP
easat-9655	323	20	supply	supply	NOUN
easat-9655	323	21	chains	chain	NOUN
easat-9655	323	22	,	,	PUNCT
easat-9655	323	23	"	"	PUNCT
easat-9655	323	24	sloan	sloan	NOUN
easat-9655	323	25	management	management	PROPN
easat-9655	323	26	review	review	PROPN
easat-9655	323	27	,	,	PUNCT
easat-9655	323	28	vol	vol	NOUN
easat-9655	323	29	.	.	PROPN
easat-9655	323	30	38	38	NUM
easat-9655	323	31	,	,	PUNCT
easat-9655	323	32	no	no	INTJ
easat-9655	323	33	.	.	NOUN
easat-9655	323	34	3	3	NUM
easat-9655	323	35	,	,	PUNCT
easat-9655	323	36	pp	pp	ADJ
easat-9655	323	37	.	.	PUNCT
easat-9655	324	1	93–102	93–102	NUM
easat-9655	324	2	,	,	PUNCT
easat-9655	324	3	1997	1997	NUM
easat-9655	324	4	.	.	PUNCT
easat-9655	325	1	[	[	X
easat-9655	325	2	17	17	NUM
easat-9655	325	3	]	]	PUNCT
easat-9655	325	4	k.	k.	PROPN
easat-9655	325	5	m.	m.	PROPN
easat-9655	325	6	eisenhardt	eisenhardt	PROPN
easat-9655	325	7	and	and	CCONJ
easat-9655	325	8	j.	j.	PROPN
easat-9655	325	9	a.	a.	PROPN
easat-9655	325	10	martin	martin	PROPN
easat-9655	325	11	,	,	PUNCT
easat-9655	325	12	"	"	PUNCT
easat-9655	325	13	dynamic	dynamic	ADJ
easat-9655	325	14	capabilities	capability	NOUN
easat-9655	325	15	:	:	PUNCT
easat-9655	325	16	what	what	PRON
easat-9655	325	17	are	be	AUX
easat-9655	325	18	they	they	PRON
easat-9655	325	19	?	?	PUNCT
easat-9655	325	20	,	,	PUNCT
easat-9655	325	21	"	"	PUNCT
easat-9655	325	22	strategic	strategic	ADJ
easat-9655	325	23	management	management	NOUN
easat-9655	325	24	journal	journal	NOUN
easat-9655	325	25	,	,	PUNCT
easat-9655	325	26	vol	vol	NOUN
easat-9655	325	27	.	.	PROPN
easat-9655	325	28	21	21	NUM
easat-9655	325	29	,	,	PUNCT
easat-9655	325	30	no	no	INTJ
easat-9655	325	31	.	.	NOUN
easat-9655	325	32	10	10	NUM
easat-9655	325	33	-	-	SYM
easat-9655	325	34	11	11	NUM
easat-9655	325	35	,	,	PUNCT
easat-9655	325	36	pp	pp	ADJ
easat-9655	325	37	.	.	PUNCT
easat-9655	326	1	1105–1121	1105–1121	NUM
easat-9655	326	2	,	,	PUNCT
easat-9655	326	3	2000	2000	NUM
easat-9655	326	4	.	.	PUNCT
easat-9655	327	1	[	[	X
easat-9655	327	2	18	18	NUM
easat-9655	327	3	]	]	X
easat-9655	327	4	g.	g.	PROPN
easat-9655	327	5	p.	p.	PROPN
easat-9655	327	6	pisano	pisano	PROPN
easat-9655	327	7	,	,	PUNCT
easat-9655	327	8	"	"	PUNCT
easat-9655	327	9	toward	toward	ADP
easat-9655	327	10	a	a	DET
easat-9655	327	11	prescriptive	prescriptive	ADJ
easat-9655	327	12	theory	theory	NOUN
easat-9655	327	13	of	of	ADP
easat-9655	327	14	dynamic	dynamic	ADJ
easat-9655	327	15	capabilities	capability	NOUN
easat-9655	327	16	:	:	PUNCT
easat-9655	327	17	connecting	connect	VERB
easat-9655	327	18	strategic	strategic	ADJ
easat-9655	327	19	choice	choice	NOUN
easat-9655	327	20	,	,	PUNCT
easat-9655	327	21	learning	learning	NOUN
easat-9655	327	22	,	,	PUNCT
easat-9655	327	23	and	and	CCONJ
easat-9655	327	24	competition	competition	NOUN
easat-9655	327	25	,	,	PUNCT
easat-9655	327	26	"	"	PUNCT
easat-9655	327	27	industrial	industrial	ADJ
easat-9655	327	28	and	and	CCONJ
easat-9655	327	29	corporate	corporate	ADJ
easat-9655	327	30	change	change	NOUN
easat-9655	327	31	,	,	PUNCT
easat-9655	327	32	vol	vol	NOUN
easat-9655	327	33	.	.	PROPN
easat-9655	327	34	26	26	NUM
easat-9655	327	35	,	,	PUNCT
easat-9655	327	36	no	no	INTJ
easat-9655	327	37	.	.	NOUN
easat-9655	327	38	5	5	NUM
easat-9655	327	39	,	,	PUNCT
easat-9655	327	40	pp	pp	ADJ
easat-9655	327	41	.	.	PUNCT
easat-9655	328	1	747–762	747–762	NUM
easat-9655	328	2	,	,	PUNCT
easat-9655	328	3	2017	2017	NUM
easat-9655	328	4	.	.	PUNCT
easat-9655	329	1	[	[	X
easat-9655	329	2	19	19	NUM
easat-9655	329	3	]	]	X
easat-9655	329	4	y.	y.	PROPN
easat-9655	329	5	yoo	yoo	PROPN
easat-9655	329	6	,	,	PUNCT
easat-9655	329	7	o.	o.	PROPN
easat-9655	329	8	henfridsson	henfridsson	PROPN
easat-9655	329	9	,	,	PUNCT
easat-9655	329	10	and	and	CCONJ
easat-9655	329	11	k.	k.	PROPN
easat-9655	329	12	lyytinen	lyytinen	PROPN
easat-9655	329	13	,	,	PUNCT
easat-9655	329	14	"	"	PUNCT
easat-9655	329	15	research	research	NOUN
easat-9655	329	16	commentary	commentary	NOUN
easat-9655	329	17	—	—	PUNCT
easat-9655	329	18	the	the	DET
easat-9655	329	19	new	new	ADJ
easat-9655	329	20	organizing	organize	VERB
easat-9655	329	21	logic	logic	NOUN
easat-9655	329	22	of	of	ADP
easat-9655	329	23	digital	digital	ADJ
easat-9655	329	24	innovation	innovation	NOUN
easat-9655	329	25	:	:	PUNCT
easat-9655	329	26	an	an	DET
easat-9655	329	27	agenda	agenda	NOUN
easat-9655	329	28	for	for	ADP
easat-9655	329	29	information	information	NOUN
easat-9655	329	30	systems	system	NOUN
easat-9655	329	31	research	research	NOUN
easat-9655	329	32	,	,	PUNCT
easat-9655	329	33	"	"	PUNCT
easat-9655	329	34	information	information	NOUN
easat-9655	329	35	systems	system	NOUN
easat-9655	329	36	research	research	NOUN
easat-9655	329	37	,	,	PUNCT
easat-9655	329	38	vol	vol	NOUN
easat-9655	329	39	.	.	PROPN
easat-9655	329	40	21	21	NUM
easat-9655	329	41	,	,	PUNCT
easat-9655	329	42	no	no	INTJ
easat-9655	329	43	.	.	NOUN
easat-9655	329	44	4	4	NUM
easat-9655	329	45	,	,	PUNCT
easat-9655	329	46	pp	pp	ADJ
easat-9655	329	47	.	.	PUNCT
easat-9655	330	1	724	724	NUM
easat-9655	330	2	-	-	SYM
easat-9655	330	3	735	735	NUM
easat-9655	330	4	,	,	PUNCT
easat-9655	330	5	2010	2010	NUM
easat-9655	330	6	.	.	PUNCT
easat-9655	331	1	https://doi.org/10.1287/isre.1100.0322	https://doi.org/10.1287/isre.1100.0322	PROPN
easat-9655	331	2	[	[	X
easat-9655	331	3	20	20	NUM
easat-9655	331	4	]	]	X
easat-9655	331	5	f.	f.	PROPN
easat-9655	331	6	damanpour	damanpour	PROPN
easat-9655	331	7	,	,	PUNCT
easat-9655	331	8	organizational	organizational	ADJ
easat-9655	331	9	innovation	innovation	NOUN
easat-9655	331	10	:	:	PUNCT
easat-9655	331	11	a	a	DET
easat-9655	331	12	meta	meta	ADJ
easat-9655	331	13	-	-	PUNCT
easat-9655	331	14	analysis	analysis	NOUN
easat-9655	331	15	of	of	ADP
easat-9655	331	16	effects	effect	NOUN
easat-9655	331	17	of	of	ADP
easat-9655	331	18	determinants	determinant	NOUN
easat-9655	331	19	and	and	CCONJ
easat-9655	331	20	moderators	moderator	NOUN
easat-9655	331	21	in	in	ADP
easat-9655	331	22	organizational	organizational	ADJ
easat-9655	331	23	innovation	innovation	NOUN
easat-9655	331	24	.	.	PUNCT
easat-9655	332	1	new	new	PROPN
easat-9655	332	2	york	york	PROPN
easat-9655	332	3	:	:	PUNCT
easat-9655	332	4	routledge	routledge	PROPN
easat-9655	332	5	,	,	PUNCT
easat-9655	332	6	2018	2018	NUM
easat-9655	332	7	.	.	PUNCT
easat-9655	333	1	[	[	X
easat-9655	333	2	21	21	NUM
easat-9655	333	3	]	]	X
easat-9655	333	4	r.	r.	PROPN
easat-9655	333	5	m.	m.	PROPN
easat-9655	333	6	grant	grant	PROPN
easat-9655	333	7	,	,	PUNCT
easat-9655	333	8	"	"	PUNCT
easat-9655	333	9	toward	toward	ADP
easat-9655	333	10	a	a	DET
easat-9655	333	11	knowledge‐based	knowledge‐base	VERB
easat-9655	333	12	theory	theory	NOUN
easat-9655	333	13	of	of	ADP
easat-9655	333	14	the	the	DET
easat-9655	333	15	firm	firm	NOUN
easat-9655	333	16	,	,	PUNCT
easat-9655	333	17	"	"	PUNCT
easat-9655	333	18	strategic	strategic	ADJ
easat-9655	333	19	management	management	NOUN
easat-9655	333	20	journal	journal	NOUN
easat-9655	333	21	,	,	PUNCT
easat-9655	333	22	vol	vol	NOUN
easat-9655	333	23	.	.	PROPN
easat-9655	333	24	17	17	NUM
easat-9655	333	25	,	,	PUNCT
easat-9655	333	26	no	no	INTJ
easat-9655	333	27	.	.	PUNCT
easat-9655	333	28	s2	s2	PROPN
easat-9655	333	29	,	,	PUNCT
easat-9655	333	30	pp	pp	ADP
easat-9655	333	31	.	.	PUNCT
easat-9655	333	32	109122	109122	NUM
easat-9655	333	33	,	,	PUNCT
easat-9655	333	34	1996	1996	NUM
easat-9655	333	35	.	.	PUNCT
easat-9655	334	1	https://doi.org/10.1002/smj.4250171110	https://doi.org/10.1002/smj.4250171110	NOUN
easat-9655	334	2	[	[	X
easat-9655	334	3	22	22	NUM
easat-9655	334	4	]	]	X
easat-9655	334	5	c.	c.	PROPN
easat-9655	334	6	zott	zott	PROPN
easat-9655	334	7	and	and	CCONJ
easat-9655	334	8	r.	r.	PROPN
easat-9655	334	9	amit	amit	PROPN
easat-9655	334	10	,	,	PUNCT
easat-9655	334	11	"	"	PUNCT
easat-9655	334	12	business	business	NOUN
easat-9655	334	13	model	model	NOUN
easat-9655	334	14	design	design	NOUN
easat-9655	334	15	and	and	CCONJ
easat-9655	334	16	the	the	DET
easat-9655	334	17	performance	performance	NOUN
easat-9655	334	18	of	of	ADP
easat-9655	334	19	entrepreneurial	entrepreneurial	ADJ
easat-9655	334	20	firms	firm	NOUN
easat-9655	334	21	,	,	PUNCT
easat-9655	334	22	"	"	PUNCT
easat-9655	334	23	organization	organization	NOUN
easat-9655	334	24	science	science	NOUN
easat-9655	334	25	,	,	PUNCT
easat-9655	334	26	vol	vol	NOUN
easat-9655	334	27	.	.	PROPN
easat-9655	334	28	18	18	NUM
easat-9655	334	29	,	,	PUNCT
easat-9655	334	30	no	no	INTJ
easat-9655	334	31	.	.	NOUN
easat-9655	334	32	2	2	NUM
easat-9655	334	33	,	,	PUNCT
easat-9655	334	34	pp	pp	ADJ
easat-9655	334	35	.	.	PUNCT
easat-9655	335	1	181	181	NUM
easat-9655	335	2	-	-	SYM
easat-9655	335	3	199	199	NUM
easat-9655	335	4	,	,	PUNCT
easat-9655	335	5	2007	2007	NUM
easat-9655	335	6	.	.	PUNCT
easat-9655	336	1	https://doi.org/10.1287/orsc.1060.0232	https://doi.org/10.1287/orsc.1060.0232	PROPN
easat-9655	337	1	[	[	X
easat-9655	337	2	23	23	NUM
easat-9655	337	3	]	]	PUNCT
easat-9655	337	4	s.	s.	PROPN
easat-9655	337	5	s.	s.	PROPN
easat-9655	337	6	kamble	kamble	PROPN
easat-9655	337	7	,	,	PUNCT
easat-9655	337	8	a.	a.	NOUN
easat-9655	337	9	gunasekaran	gunasekaran	NOUN
easat-9655	337	10	,	,	PUNCT
easat-9655	337	11	and	and	CCONJ
easat-9655	337	12	s.	s.	PROPN
easat-9655	337	13	a.	a.	PROPN
easat-9655	337	14	gawankar	gawankar	PROPN
easat-9655	337	15	,	,	PUNCT
easat-9655	337	16	"	"	PUNCT
easat-9655	337	17	sustainable	sustainable	ADJ
easat-9655	337	18	industry	industry	NOUN
easat-9655	337	19	4.0	4.0	NUM
easat-9655	337	20	framework	framework	NOUN
easat-9655	337	21	:	:	PUNCT
easat-9655	337	22	a	a	DET
easat-9655	337	23	systematic	systematic	ADJ
easat-9655	337	24	literature	literature	NOUN
easat-9655	337	25	review	review	NOUN
easat-9655	337	26	identifying	identify	VERB
easat-9655	337	27	the	the	DET
easat-9655	337	28	current	current	ADJ
easat-9655	337	29	trends	trend	NOUN
easat-9655	337	30	and	and	CCONJ
easat-9655	337	31	future	future	ADJ
easat-9655	337	32	perspectives	perspective	NOUN
easat-9655	337	33	,	,	PUNCT
easat-9655	337	34	"	"	PUNCT
easat-9655	337	35	process	process	NOUN
easat-9655	337	36	safety	safety	NOUN
easat-9655	337	37	and	and	CCONJ
easat-9655	337	38	environmental	environmental	ADJ
easat-9655	337	39	protection	protection	NOUN
easat-9655	337	40	,	,	PUNCT
easat-9655	337	41	vol	vol	NOUN
easat-9655	337	42	.	.	PROPN
easat-9655	337	43	117	117	NUM
easat-9655	337	44	,	,	PUNCT
easat-9655	337	45	pp	pp	ADJ
easat-9655	337	46	.	.	PUNCT
easat-9655	338	1	408	408	NUM
easat-9655	338	2	-	-	SYM
easat-9655	338	3	425	425	NUM
easat-9655	338	4	,	,	PUNCT
easat-9655	338	5	2018	2018	NUM
easat-9655	338	6	.	.	PUNCT
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easat-9655	339	2	[	[	X
easat-9655	339	3	24	24	NUM
easat-9655	339	4	]	]	X
easat-9655	339	5	g.	g.	PROPN
easat-9655	339	6	vial	vial	PROPN
easat-9655	339	7	,	,	PUNCT
easat-9655	339	8	"	"	PUNCT
easat-9655	339	9	understanding	understand	VERB
easat-9655	339	10	digital	digital	ADJ
easat-9655	339	11	transformation	transformation	NOUN
easat-9655	339	12	:	:	PUNCT
easat-9655	339	13	a	a	DET
easat-9655	339	14	review	review	NOUN
easat-9655	339	15	and	and	CCONJ
easat-9655	339	16	a	a	DET
easat-9655	339	17	research	research	NOUN
easat-9655	339	18	agenda	agenda	NOUN
easat-9655	339	19	,	,	PUNCT
easat-9655	339	20	"	"	PUNCT
easat-9655	339	21	managing	manage	VERB
easat-9655	339	22	digital	digital	ADJ
easat-9655	339	23	transformation	transformation	NOUN
easat-9655	339	24	,	,	PUNCT
easat-9655	339	25	pp	pp	ADJ
easat-9655	339	26	.	.	PUNCT
easat-9655	340	1	13	13	NUM
easat-9655	340	2	-	-	SYM
easat-9655	340	3	66	66	NUM
easat-9655	340	4	,	,	PUNCT
easat-9655	340	5	2021	2021	NUM
easat-9655	340	6	.	.	PUNCT
easat-9655	341	1	[	[	X
easat-9655	341	2	25	25	NUM
easat-9655	341	3	]	]	PUNCT
easat-9655	341	4	l.	l.	PROPN
easat-9655	341	5	li	li	PROPN
easat-9655	341	6	,	,	PUNCT
easat-9655	341	7	"	"	PUNCT
easat-9655	341	8	digital	digital	ADJ
easat-9655	341	9	transformation	transformation	NOUN
easat-9655	341	10	and	and	CCONJ
easat-9655	341	11	sustainable	sustainable	ADJ
easat-9655	341	12	performance	performance	NOUN
easat-9655	341	13	:	:	PUNCT
easat-9655	341	14	the	the	DET
easat-9655	341	15	moderating	moderate	VERB
easat-9655	341	16	role	role	NOUN
easat-9655	341	17	of	of	ADP
easat-9655	341	18	market	market	NOUN
easat-9655	341	19	turbulence	turbulence	NOUN
easat-9655	341	20	,	,	PUNCT
easat-9655	341	21	"	"	PUNCT
easat-9655	341	22	industrial	industrial	ADJ
easat-9655	341	23	marketing	marketing	NOUN
easat-9655	341	24	management	management	NOUN
easat-9655	341	25	,	,	PUNCT
easat-9655	341	26	vol	vol	NOUN
easat-9655	341	27	.	.	PROPN
easat-9655	341	28	104	104	NUM
easat-9655	341	29	,	,	PUNCT
easat-9655	341	30	pp	pp	ADJ
easat-9655	341	31	.	.	PUNCT
easat-9655	342	1	28	28	NUM
easat-9655	342	2	-	-	SYM
easat-9655	342	3	37	37	NUM
easat-9655	342	4	,	,	PUNCT
easat-9655	342	5	2022	2022	NUM
easat-9655	342	6	.	.	PUNCT
easat-9655	343	1	https://doi.org/10.1287/isre.1100.0322	https://doi.org/10.1287/isre.1100.0322	PROPN
easat-9655	343	2	https://doi.org/10.1002/smj.4250171110	https://doi.org/10.1002/smj.4250171110	PROPN
easat-9655	343	3	https://doi.org/10.1287/orsc.1060.0232	https://doi.org/10.1287/orsc.1060.0232	PROPN
easat-9655	343	4	https://doi.org/10.1016/j.psep.2018.05.009	https://doi.org/10.1016/j.psep.2018.05.009	PROPN