Abstract: Innovation persistence is a key driver for enterprises to maintain competitive advantages, adapt to market changes, and achieve long-term sustainable development. This paper employs a sample of Chinese A-share listed companies covering the years 2008 to 2023 to empirically analyze the actual effects and transmission pathways of technology convergence of digital and real economy industries on corporate innovation persistence. The results show that: (1) Technology convergence of digital and real economy industries significantly promotes the level of corporate innovation persistence. (2) Mechanism tests indicate that such convergence promotes corporate innovation persistence through three paths: broadening knowledge breadth, enhancing risk-taking level, and improving collaborative innovation efficiency. (3) Further analysis shows that the positive effect is more pronounced in industries with higher competition, companies with lower levels of managerial myopia, and high-growth enterprises. This study makes up for the deficiencies in research on corporate innovation persistence from the perspective of technology convergence of digital and real economy industries, provides new empirical evidence and practical implications for cultivating enterprises’ sustainable innovation capabilities, and also offers a scientific basis for government departments to improve innovation policies and promote the in-depth integration of digital and real industries at the technical level, thereby enhancing the overall efficiency of the national innovation system in the era of digital economy.

Key words: