Impact of R&D innovation and political background on corporate growth: A study based on private listed companies in China

被引：0
|
作者：
Kong, Xiangde [1 ]
Chen, Hongan [1 ]
Wu, Peng [2 ]
Ma, Ran [3 ]
Pan, Fei [4 ]
机构：
[1] East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China
[2] Yangzhou Univ, Sch Business, Yangzhou, Jiangsu, Peoples R China
[3] Shandong Univ Polit Sci & Law, Civil & Commercial Law Sch, Jinan, Shandong, Peoples R China
[4] Univ Shanghai Sci & Technol, Sch Business, Shanghai, Peoples R China
来源：
PLOS ONE | 2024年 / 19卷 / 05期
基金：
中国国家自然科学基金;
关键词：
FIRM GROWTH; ECONOMIC-GROWTH; CONNECTIONS; AGE; CONSTRAINTS; PERFORMANCE; KNOWLEDGE; VARIABLES; STRATEGY; MODELS;
D O I：
10.1371/journal.pone.0297329
中图分类号：
O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];
学科分类号：
07 ; 0710 ; 09 ;
摘要：
Based on a review of related concepts and theories this study investigates the different impacts of research and development (R&D) innovation and political background on corporate growth in a particular context. Unlike other studies, we integrate these two factors. We empirically analyze 6079 sets of data from 1292 A-share private manufacturing enterprises in Shanghai and Shenzhen from 2012 to 2019. The results show that these factors directly impact corporate growth and have heterogeneous effects at different enterprise growth levels. We find the effect of R&D innovation on corporate growth is more pronounced for young firms. These findings highlight the need for firms to adjust their investments in R&D innovation and political backgrounds at different stages of development to adapt to different markets and political environments.
引用
收藏
页数：25
相关论文
共 50 条
  • [1] Financialization, Government Subsidies, and Manufacturing R&D Investment: Evidence from Listed Companies in China
    Hou, Peng
    Zhou, Mengting
    Xu, Jiaqi
    Liu, Yue
    SUSTAINABILITY, 2021, 13 (22)
  • [2] The impact of corporate social responsibility on green technology innovation: An empirical study of listed companies in China
    Yu, Zuwei
    Chen, Guangren
    Pei, Xiangjing
    Gao, Zhixiong
    Ding, Yu
    FINANCE RESEARCH LETTERS, 2024, 66
  • [3] Local political turnover, R&D investment leap and corporate innovation performance: Evidence from China
    Jiang, Zhenyu
    Wang, Zongjun
    Feng, Chengxiao
    Yi, Lin
    SCIENCE AND PUBLIC POLICY, 2022, 49 (02) : 347 - 364
  • [4] Does the Technological Diversification and R&D Internationalization of eMNCs Promote Enterprise Innovation? An Empirical Study on China's Publicly Listed Companies
    Li, Jing
    Wang, Jun
    JOURNAL OF GLOBAL INFORMATION MANAGEMENT, 2021, 29 (05) : 1 - 19
  • [5] R&D spending value effect research of China's listed manufacturing companies
    Zhang, Wanhao
    Chen, Xiding
    INTERNATIONAL CONFERENCE ON ECONOMICS AND MANAGEMENT INNOVATIONS (ICEMI 2017), VOL 1, ISSUE 1, 2017, : 139 - 141
  • [6] Exploring the impact of government subsidy and R&D investment on financial competitiveness of China's new energy listed companies: An empirical study
    Zhu, Zhihong
    Zhu, Zhiwei
    Xu, Ping
    Xue, Dawei
    ENERGY REPORTS, 2019, 5 : 919 - 925
  • [7] Corporate financial fragility, R&D investment, and corporate green innovation: Evidence from China
    Zhang, Zuomin
    Wu, Yingjue
    Wang, Honglei
    FINANCE RESEARCH LETTERS, 2024, 62
  • [8] Financial Asset Allocations and R&D Activities: Evidence from China's Listed Companies
    Liu, Guanchun
    Zhang, Jun
    Wu, Huihang
    Peng, Yuchao
    EMERGING MARKETS FINANCE AND TRADE, 2019, 55 (03) : 531 - 544
  • [9] Corporate Governance Structure, Financial Capability, and the R&D Intensity in Chinese Sports Sector: Evidence from Listed Sports Companies
    Chen, Gang
    Zhang, James J.
    Pifer, N. David
    SUSTAINABILITY, 2019, 11 (23)
  • [10] The impact of R&D subsidies on firm innovation in different supervision situations: analysis from pharmaceutical companies in China
    Xia Yuntian
    TECHNOLOGY ANALYSIS & STRATEGIC MANAGEMENT, 2024, 36 (08) : 1792 - 1809
12345