The impact of investor interest protection on corporate innovation efficiency

Yuanyuan Shen

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: Based on data from China's A-share listed enterprises from 2010 to 2022, this study finds that strengthening the protection of internal investor's interests and improving external investor protection laws are conducive to improving enterprise innovation efficiency. Moreover, private enterprises play a larger role than SEOs, and equity financing costs act as an intermediary. Furthermore, strengthening company internal control will amplify the positive impact of investor protection on company innovation efficiency.

Keywords: Investor interest protection; Enterprise innovation efficiency; Equity financing costs; Internal control (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001363

DOI: 10.1016/j.frl.2024.105106

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