The interaction effect of project-level IT investment and R&D investment on corporate credit risk

Purpose Existing studies have mainly examined the effects of IT or R&D investment on firm outcomes, but few have systematically assessed how these investments relate to corporate credit risk. This study aims to investigate how project-level IT investment and R&D investment, individually and interactively, influence corporate credit risk. Design/methodology/approach This study constructs a panel dataset from the CSMAR database, covering 1,446 firm year observations between 2012 and 2024,