In the Context of Digital Finance, Can Knowledge Enable Manufacturing Companies to Be More Courageous and Move towards Sustainable Innovation?

The advent of the VUCA era and development digital finance (DF) present opportunities challenges for manufacturing companies to seek sustainable innovation by increasing their organizational resilience (OR) withstand crises. production, flow, acquisition corporate knowledge are indispensable establishment resilience. In this paper, we analyze how make enterprises more courageous innovative in context finance. We used a perspective channel acquisitions achieve aim. Using sample 1965 China from 2013 2020, analyzed whether greater enterprise (internal external knowledge) can yield higher levels performance plays role results show that (1) both internal (IEK) (EEK) have significant positive impact on enterprises; (2) has mediation process promoting through knowledge; (3) significantly enhances long-term growth financial volatility resilience, positively moderates effect resilience; (4) support policies issued government improve firms. Based these results, firms enhancing This paper contributes field research providing an analysis firms, presenting new view improvement